Radix (XRD) explodes by 30 %daily, while Bitcoin fights for $ 30,000 (Market Watch)

Radix (XRD) explodes by 30 %daily, while Bitcoin fights for $ 30,000 (Market Watch)

In the last 24 hours, the entire market capitalization of cryptocurrency has held its position over $ 1.3 trillion. However, it is worth noting that the dominance of Bitcoin - the key figure that measures its share in relation to that of the entire market - has decreased during this period.

This indicates that old coins do better than BTC, so let's take a closer look at what happened.

Bitcoin fights for

As we reported yesterday, the BTC price slipped below $ 30,000 and even reached a local intraday low of around $ 29,300.

The bulls, however, managed to group again and successfully push the price back towards $ 30,000.

Tradingview

However, BTC is currently fighting for this decisive level, and it is interesting to see whether he will be able to recapture it. BTC positions worth a total of $ 35 million were liquidated on the futures markets in the last 24 hours, and about half of them in ETH positions. Over 60 % of them represented long orders, so that it appears that the bears will initially take control of the derivative market.

old coins exceed XRD rally

altcoins managed to exceed BTC easily in the last 24 hours and to push their dominance down by about 0.2 %.

This is because certain coins do much better than others. The larger projects include Litecoin (+3.2 %) and avalanche (+3.9 %).

Krypto quantify

The most powerful cryptocurrency (from the top 100 after market capitalization) is Radix (XRD). It has increased by a whopping 28 %, which contributes to the weekly total gains of around 113 %. XRD shows no signs of slowing down.

At the other end of the spectrum there is bitget token (BGB) with a decline of about 6.7 % and Rocket Pool (RPL) with a decrease of 5.2 %.

The market mood remains somewhat positive with values ​​of 58, according to Crypto Fear and Greed Index. This is an indication of "greed".

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