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BTC Price Unable to Progress as Ripple (XRP) Targets $0.6: Market Watch
Bitcoin’s price is trying to push toward the coveted level of $35K but has so far been unable to progress. The rest of the cryptocurrency market seems to continue with its consolidation, with some altcoins performing better than others.
Let’s dive in.
Is $35K Slipping Away?
AsCryptoPotatoreportedyesterday, the Bitcoin price was trading above $34K and seemingly pushing for $35K. Today, the price remains above $34K, but it was unable to reach the coveted resistance level and is trading at a loss of around 0.7% in the past 24 hours.
The majority of liquidations, as always, happened on Binance, followed by OKX and Bybit.
Altcoins Receive Mixed Signals, Ripple’s XRP in the Lead
Most of the altcoins have also been receiving mixed signals throughout the past 24 hours, as can clearly be seen in the heatmap below:
Solana (SOL) is outperforming the rest, up by 4.3% on the day.
It’s worth noting that Bitcoin’s dominance has dropped below 51% today. This is the metric that traders use to gauge its share relative to that of the rest of the market. The fact that it declined indicates that altcoins have been outperforming Bitcoin throughout the past 24 hours.