Bitcoin Price Struggles Near $35K as Altcoins Show Mixed Signals

The Latest Updates in the Cryptocurrency Market

Bitcoin (BTC)

Is $35K Slipping Away?

The price of Bitcoin is currently hovering around the $34K mark and attempting to reach the highly anticipated level of $35K. Unfortunately, it has faced some resistance and is currently experiencing a slight loss of approximately 0.7% in the past 24 hours.

In addition to the price movement, it is interesting to monitor the liquidation data. According to CoinGlass, there have been close to $100 million worth of liquidations in the past 24 hours, with the majority coming from long positions. This suggests that bearish sentiment has dominated recently.

Notably, Binance, OKX, and Bybit were the platforms with the highest number of liquidations.

Altcoins Receive Mixed Signals, Ripple’s XRP in the Lead

Many altcoins have experienced mixed signals over the past day, as shown in the heatmap below:

Among the top 10 cryptocurrencies, Ripple’s XRP has been performing relatively well. It has seen a 2.6% increase in value and is aiming to reach $0.6. Another standout performer is Solana (SOL), which has gained 4.3% in the past day.

It is worth noting that the dominance of Bitcoin in the market has dropped below 51%. This metric is used by traders to assess the market share of Bitcoin compared to other cryptocurrencies. The decline suggests that altcoins have been outperforming Bitcoin in the past 24 hours.

Follow AsumeTech on

More From Category

More Stories Today

Leave a Reply