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PEPE Coin Price Soars 10% Daily as BTC Bulls Fight for $30K (Market Watch)
The cryptocurrency market is seemingly slowing down after days of continuous increases, and most of the coins are charting slight declines.
Nevertheless, the market sentiment remains positive, with some altcoins keeping up their stellar performance.
Bitcoin Bulls Fight for $30K
It seems that $30K is an important level for Bitcoin bulls, not only from a technical standpoint but also from a psychological one. That’s why the battle for it is fierce.
At the time of this writing, BTC is trading right at the level, down 0.3% in the past 24 hours but up 17.4% on the weekly.
In the meantime, Bitcoin’s dominance continues increasing, and it’s at 48% compared to 47.7% yesterday. This is the metric that tracks Bitcoin’s share relative to that of the rest of the market, and it’s on its way up, signaling that BTC is performing better than altcoins.
PEPE Coin Continues to Impress
The market is mostly covered in the red today, with the majority of altcoins charting slight gains. This is perhaps expected following the major rally from the past few days.
KASPA is a close second for the day with a 9% increase, followed by Bitcoin SV (BSV) with 8.9%.
On the other end of the spectrum, there are Stacks (STX), which is down 8.2% and performed the worst for the past 24 hours, followed by FLOW (down 7.3%), and ApeCoin (APE) – down 6.4%.
All in all, it’s interesting to see how the market will turn during the slower incoming weekend volume.