The crypto-verse continues witnessing a sideways price action for a brief period as top tokens constantly hover around their important support and resistance levels. This has led to the largest crypto by market size displaying a weak price action. On the other hand, the altcoin market shows waves, indicating a potential transitional phase.
Altcoins Market Picks Up Pace As BTC Stabilizes
The Bitcoin price has held its value around the $109,000 mark as it has recorded a drop of only 0.48% in 24 hours with a trading volume of $44.887 billion. With a market value of $2.167 trillion, its dominance has dropped below the 64% mark for the first time since June 16. The market share of BTC is currently at 63.9972%.
Altcoin leader Ethereum price has experienced a notable jump of around 3.5% today with a trading volume of $20.18 billion, a change of +24.83%. The dominance of ETH crypto is now at 9.4428% with a market cap of $320.21 billion.
However, the Stellar price has sailed against the market odds by recording a double-digit surge within a time frame of 24 hours. Notably, XLM crypto is the only token among the top 100 cryptocurrencies to record this price action. As per the data of CoinMarketCap , the XLM price has jumped 14.38% with a trading volume of $568.71 million, a massive change of +164.26%.
Stellar Price Chart, Source: TradingView (XLM/USDT)
This has also resulted in it breaking out of its upper range in the Bollinger Band (BB) indicator. This suggests a significant rise in the buying-over-selling pressure for it in the market. With this, the market valuation of this altcoin has increased to $8.97 billion.
Trending Cryptos Today
- Treasure (MAGIC)
- Banana For Scale (BANANAS31)
- Stellar (XLM)
- Chainlink (LINK)
- Lagrange (LA)
Top Gainers & Losers Today
| Gainers | Losers |
| Stellar (XLM): +14.38% | Bonk (BONK): -7.34% |
| Curve Dao Token (CRV): +9.64% | Fartcoin (FARTCOIN): -2.06% |
| Raydium (RAY): +9.56% | Story (IP): -2.03% |
Crypto Market Cap Overview
The crypto market shows a stable price action over the past 24 hours as it has added less than 1% during this time. Moreover, with a +6.08% change in its daily trading volume to $105.82 billion its valuation is currently at $3.38 trillion. Considering the present market sentiments, a cool-off phase can be seen, suggesting weakening price action.
The Fear & Greed index is stable at 52 in 24 hours and the Altcoin season index is currently at 27.
On the other hand, 73,817 traders liquidated over the past day bringing the total liquidations at $170.24 million. Moreover, the single largest liquidation order that happened was recorded on Bybit cryptocurrency exchange on the (BTC/USDT) pair. The value of this liquidation was $1.40 million.
