Ripple is currently outperforming all major cryptocurrencies by a significant margin. Bitcoin’s price appears to be stabilizing at around $35,000, creating an environment where altcoins are experiencing notable surges and gaining momentum rapidly.
Bitcoin has been facing challenges in surpassing the $35,000 price point.
Bitcoin’s price seems to be stuck at the $35K level, as it’s been unable to overcome it for quite a while now. The cryptocurrency has been trading completely flat for the past 24 hours but has increased by 2% for the past week.
It wasn’t exactly smooth sailing for BTC during the last day, though, as can be seen in the chart below.
As observed, the price of Bitcoin has experienced some ups and downs in the last 24 hours, with neither sellers nor buyers establishing clear control. Consequently, Bitcoin’s current trading level remains relatively unchanged from yesterday.
Nonetheless, Bitcoin’s market dominance continues to decline and has now fallen below the 50% mark. This indicates that altcoins are capitalizing on Bitcoin’s uncertainty and, in response, experiencing notable gains.
XRP (Ripple) Takes the Lead in the Altcoin Rally
Ripple has achieved a remarkable surge of over 10% in the last 24 hours, making it the standout top performer during this period. The cryptocurrency is now aiming for the $0.7 price point, and it’s worth keeping an eye on whether it can overcome this significant threshold.
The majority of altcoins are experiencing positive price movements, with only a few exceptions. Notably, Solana (SOL) seems to be pausing its impressive recent rally, and it’s intriguing to see if it can sustain its previous strong performance from last week.
Within the top 100 cryptocurrencies, NEO has emerged as the best performer, with an almost 14% increase, closely followed by KuCoin’s KCS, which has seen an 11% rise.
Conversely, EGLD has experienced an 8% drop in the past 24 hours, although it has still managed to maintain a nearly 50% gain over the last seven days.