Ripple (XRP) Is This Week’s Best Performer With 18% Gains (Market Watch)

Bitcoin experienced a slight uptrend in the last 24 hours, but it was stopped by its peers and is now just shy of breaking below $19,000

Altcoins generally trade calmly, with only minor daily losses. XRP is the top performer among the larger caps on a weekly basis.

Bitcoin Support Tested at $19K

Last week, the primary cryptocurrency’s price surged to an all-time high of around $20,000. It did not continue to climb, but it was still above the $20,000 mark for a few days.

The US’s latest job report changed the landscape. Despite it exceeding expectations, BTC was sent south by it and the asset plunged by nearly $1,000 within an hour.

Bitcoin fell below $19,300 over the weekend. The bitcoin price bounced back and reached $19,600 hours earlier, but the bears returned to play and drove it down to just above $19,000, a new weekly low.

Although its market capitalization is now below $360 billion it has suffered a small decline, its dominance over other coins remains at 39.5%.

BTCUSD. Source: TradingView

This Week’s Winner of XRP

Low trading volumes on Saturday continued on Sunday, and most altcoins remain calm.

Ethereum lost 1% over the last 24 hours, and is now just inches above $1300. Similar performances were seen by MATIC, Polkadot and Solana.

While XRP has been down 0.5% over the last 24 hours, it is up about 18% over the past week. It’s also the top performer among the larger-cap alts, and trades above 0.5.

On a daily basis, BNB and Cardano have lost as much as 2.5%. Yesterday’s top gainer was QNT, but it has now retraced by 7.7%.

The total market cap for all crypto assets has fallen to $930 billion, with $10 billion going in one day.

Cryptocurrency Market Overview. Source: Quantify Crypto

CryptoPotato’s Ripple (XRP), This Week’s Top Performer with 18% Gains (MarketWatch) was first published on CryptoPotato.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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