The market is mostly painted green over the past 24 hours as most cryptocurrencies are trading well in the positive. This includes both Bitcoin and altcoins.
The best performer is undoubtedly Stellar’s XLM, which surprised with a 23% explosion, so let’s dig deeper.
Bitcoin tops $30K, but for how long?
In the last few hours, the market has turned positive, allowing the price of Bitcoin to recover the important technical and psychological level of $30K.
At the time of writing, the BTC price is holding above the mark and the bulls are apparently trying to push the price higher.
This is due to the news that Tesla failed to sell its BTC holdings for the fourth consecutive quarter. The positive report seems to have eased some of the tension in the market, which bounced higher. Bitcoin dominance currently sits at around 46.6%.
Altcoins in the Green, Stellar (XLM) Leads with Gains
As you can clearly see in the heat map below, the market is doing quite well today. Everything is painted green, which is never a bad show.
Source: quantify crypto
In particular, of the larger-cap cryptocurrencies, MATIC shot up around 6%, followed by Ripple’s XRP at 5.41%, SOL at 4.7%, and so on.
However, the best performer in the last 24 hours is Stellar’s XLM. It exploded by more than 20% during the entire period and leads the entire market.
At the other end of the spectrum, we have Rocket Pool XRP, which failed to capitalize on the rally and is down 4% on the day.
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This post BTC Surpasses $30K As Stellar (XLM) Soars 23% Overnight: Market Watch
was published first on https://cryptopotato.com/btc-tops-30k-while-stellar-xlm-skyrockets-23-overnight-market-watch/