Although the cryptocurrency market started the week with an uptrend, it quickly turned back to a downturn. However, despite the downward trend in the cryptocurrency market, Stellar (XLM) stood out and continued its rise, gaining over 7% in the past 24 hours and trading at levels above $0.12. It ranked among the top three cryptocurrencies with the highest percentage increase of the day, among high market cap cryptocurrencies.
Crypto Market Experiences Another Downturn
The cryptocurrency market, which started the week with an uptrend, experienced another downturn during the day. The leading cryptocurrency Bitcoin (BTC) surpassed the $26,000 level in the morning hours, but then dropped to $25,800, recording its latest value losses.
Ethereum (ETH) also dropped to $1630 with its latest value losses. The total market cap of the crypto ecosystem retreated to $1.04 trillion, according to CoinMarketCap (CMC) data.
With BTC falling back to $25,800, most altcoins in the cryptocurrency market also experienced a downturn after starting the week with an uptrend. However, there were also cryptocurrencies that stood out and gained momentum despite the overall decline in the market.
Continues to Rise Despite Market Downturn
The drop of the leading cryptocurrency Bitcoin to $25,800 led to a new downturn in the cryptocurrency market. However, Stellar (XLM) gained momentum amidst the downturn, while most altcoins in the cryptocurrency market experienced another drop.
Stellar (XLM) started trading at around $0.12 with a value increase of over 7% in the past 24 hours. With its latest value increases, Stellar (XLM) ranked among the top three cryptocurrencies with the highest percentage increase among the top 100 cryptocurrencies, according to CMC data.
