The last 24 hours in the cryptocurrency markets saw the total capitalization increase by about $6 billion. In other words, not much happened. Some of the major coins are posting very slight gains, but overall, the trend remains largely range-bound.
Bitcoin remains undecided at $30K and unable to break out of that range, but let’s see how it fared.
BTC price fixed at $30K
As you can clearly see in the chart below, the last 24 hours have not provided anything of substance when it comes to the price of Bitcoin in particular.
The cryptocurrency continues to flirt with $30K, but neither side can manage to take control. The bulls have failed to decisively recapture the level, while the sellers are also unable to push the price towards another support zone.
Source: TradingView
To this, altcoins have also failed to capitalize on the stagnation of BTC. This is clearly reflected in Bitcoin’s dominance, the metric that tracks its share relative to the rest of the market. It was also stable at 46.6% in the last 24 hours.
TRON (TRX) Soars 8%, But That’s It
The heat map below paints a green picture of the past day, but most of the gains are pretty paltry. For example, BNB, ADA, ETH, UNI, XMR, LINK and many other cryptocurrencies failed to rise even 1%.
The most obvious exception to this is TRON’s TRX. The altcoin is up 8% on the day and is one of the top 100 performing coins by total market capitalization.
Source: quantify crypto
XDC Network (XDC) exploded by 15.5% on the day and is the cryptocurrency that gained the most in the last 24 hours. It is followed by Casper Network’s CSPR and, you guessed it, TRX.
On the other hand, we have FLEX Coin (FLEX), which is down 14.6%. The rest of the market remains practically flat.
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TradingView cryptocurrency charts.
This post Tron (TRX) Soars 8% Daily While Bitcoin Holds $30,000 (Market Watch)
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