BTC Tops $30K While Stellar (XLM) Skyrockets 23% Overnight: Market Watch

CryptoPotato

2023-07-20 09:08:21

The market is mostly painted in green throughout the past 24 hours as the majority of 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 dive in.

Bitcoin Tops $30K, but for How Long?

Over the past few hours, the market has taken a positive turn, which allowed Bitcoin’s price to reclaim the important technical and psychological level of $30K.

Source: TradingViewAt the time of this writing, the BTC price hovers above the mark, and the bulls are seemingly attempting to push the price forward.

This comes on the back of news that Tesla didn’t sell its BTC holdings for a fourth consecutive quarter. The positive report seems to have alleviated some of the strain on the market, which bounced upwards. Bitcoin dominance currently sits at around 46.6%.

Altcoins in the Green, Stellar (XLM) Leads With Gains

As you can clearly see in the following heatmap, the market is doing pretty well today. All of it is painted in green, which is never a bad sight to see.

Source: Quantify CryptoMost notably, from the larger-cap cryptocurrencies, MATIC soared by some 6%, followed by 5.41% by Ripple’s XRP, 4.7% from SOL, and so forth.

The best performer for the past 24 hours, however, is Stellar’s XLM. It exploded by over 20% throughout the period and is leading the entire market.

On the other end of the spectrum, we have Rocket Pool’s XRP, which failed to capitalize on the upswing and is down 4% on the day.

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