In the last day, the price of bitcoin attempted to cross over $27,000, but the bears prevented it, and the commodity is now just below that mark.
Following the recent price drops, the majority of cryptocurrencies have seen modest 24-hour increases; XDC is now the best performer.
Bitcoin Cannot Recover $27K
Last Sunday, less than a week ago, saw the main cryptocurrency trading significantly higher and hovering well above $28,000. Nonetheless, the price of Bitcoin began to gradually decrease as a result of the Israel-Hamas war.
The beginning of the new business week resulted in the asset decreasing value, which reached a huge low on Wednesday of $26,500. Its price dropped to this level after a two-week period.
However, a few hours ago, the bulls in Bitcoin attempted to regain some ground and drove the price back up to $27,000. But since then, bitcoin has dropped a few hundred dollars since it was unable to rise further.
Bitcoin at $27K: XDC Network Gains 7% in Weekend Crypto Update,Bitcoin at $27K: XDC Network Gains 7% in Weekend Crypto Update
Its market capitalization, which is locked at $27,000, is at $525 billion, and its share of altcoins is only a hair’s breadth away from 50%.
XDC Grabs the Front Row
During the past week or two, the majority of cryptocurrencies have declined even more than bitcoin. For instance, Ethereum fell more than $250 in a matter of days and reached a low of $1,550 below a week ago. However, the last 24 hours have been a little better.
Up to 1% has been seen in ETH, BNB, DOGE, TONNE, and LTC. Additional profits can be found in stocks that have increased by 1-2%, such as XRP, MATIC, and DOT.
With a 3% increase, Solana is the best performer among the larger-cap alternatives. SOL therefore stays above $20.
APT, LDO, MKR, CRO, APT, and APT have all increased by 3-5% in the last day. However, the token of XDC Network has increased the most by 7% and is currently trading at about $0.05.
On CMC, the entire cryptocurrency market capitalization has stayed comparatively stable at about $1.050 trillion.
Bitcoin at $27K: XDC Network Gains 7% in Weekend Crypto Update,Bitcoin at $27K: XDC Network Gains 7% in Weekend Crypto Update,Bitcoin at $27K: XDC Network Gains 7% in Weekend Crypto Update