Bitcoin Maintains Stability above $17K

BTC

The cryptocurrency market remains calm through the day, while certain coins are already pulling ahead on a weekly basis. The broader cryptocurrency market didn’t see a major change in the past 24 hours, as its total capitalization remains the same.

As we go into the weekend, it becomes clear that some cryptocurrencies performed really well throughout the week, so let’s dive in.

The BTC price didn’t go through any major moves in the past 24 hours and remains above $17K. It’s worth noting, however, that it had increased up to $17,360 in the early afternoon yesterday, but the bulls were unable to continue the push and the price was sent back toward $17,100.

This puts BTC on a 0.4% loss for the past 24 hours and a 0.4% increase for the past week, showcasing the markets’ inability to break away from the current trading range.

The majority of the altcoin market has also been stagnating in the past day, but toward the downside, as seen in the heatmap below.Top of Form

One of the best performers for the day is OKT, which is 8%, followed by Axie Infinity’s AXS – up 7%. This puts the total gains for AXS upwards of a whopping 20% for the week, which is considerable, given the current market conditions.

On the other hand, XCN seems to be the worst performer for the day, followed by BTSE token, both of which are down by some 4%.

All in all, the day failed to produce any meaningful movements in either direction and it appears that this is reflected in the overall trading volume, which sits at around $38 billion for the past 24 hours. Typically, such periods of calmness and lack of volatility lead to explosive moves in either direction.

This Post Has 6 Comments

  1. najlepszy sklep

    Hello there! Do you know if they make any plugins to assist with
    SEO? I’m trying to get my blog to rank for some targeted
    keywords but I’m not seeing very good results. If you know of any please share.
    Thanks! You can read similar art here: Dobry sklep

  2. sklep

    Your style is unique compared to other folks I’ve read stuff
    from. Thank you for posting when you’ve got the opportunity, Guess
    I’ll just bookmark this blog. I saw similar
    here: Sklep

  3. ecommerce

    Hi Dear, are you genuinely visiting this site on a regular basis, if
    so then you will absolutely take nice knowledge. I saw similar here:
    Sklep internetowy

  4. najlepszy sklep

    Wow, wonderful blog structure! How lengthy have
    you been running a blog for? you made blogging look easy.
    The full glance of your website is fantastic, as neatly as the content!

    You can see similar here e-commerce

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.