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The cryptocurrency market started the weekend with low volatility. The leading cryptocurrency Bitcoin (BTC) attempted to rise again in the morning hours but has not yet surpassed the $30,000 price levels. According to CoinMarketCap (CMC) data, the total market value of the cryptocurrency ecosystem has also reached $1.2 trillion with a 0.3% increase in the last 24 hours.
What is the Current Situation in Bitcoin?
In recent weeks, the leading cryptocurrency Bitcoin (BTC) has consolidated around the price levels of $29,500 to $31,500. However, after failing to surpass the $31,500 levels, it experienced a decline again within the last week and fell below the $30,000 price levels. Bitcoin (BTC) attempted to rise again in the morning hours but has not yet surpassed the $30,000 price levels and currently stands at $29,800 at the time of writing. Additionally, there has been a significant decrease of around 30% in the total trading volume of the leading cryptocurrency BTC in the last 24 hours.
On the other hand, despite most high market cap cryptocurrencies starting the day with low percentage increases, Ethereum (ETH) also experienced a low percentage decrease of 0.15% within the last 24 hours and dropped to $1885 price levels.
The cryptocurrency market started the weekend with low volatility. According to the latest data shared by Coinglass, approximately $40 million worth of short and long positions were liquidated within the last 24 hours.
Highlighted Cryptocurrencies of the Day
Despite the sideways movement in the cryptocurrency market and the leading cryptocurrency BTC throughout the week, Stellar (XLM) recorded significant value increases and continued its upward trend with a 6% increase within the last 24 hours, trading at $0.16 price levels. Alongside the rise in Stellar (XLM), Casper (CSPR) and TRON (TRX) also stood out among the highlighted cryptocurrencies of the day.
Stellar (XLM) continued its upward trend throughout the day and also recorded a value increase of over 20% within the last week, making it the third highest-performing cryptocurrency among the top 100 cryptocurrencies in terms of market capitalization.
On the other hand, Maker (MKR), Polkadot (DOT), Curve DAO Token (CRV), Chainlink (LINK), and NEAR Protocol (NEAR) were among the cryptocurrencies that experienced the highest percentage decrease in market value within the last 24 hours, according to CMC data, following their recent declines.
