The cryptocurrency market suffered a significant blow, losing over $100 billion over the past week. Despite recovering slightly by 1% in the past 24 hours, Bitcoin continues to struggle to reclaim the $28K level.
Bitcoin Price Below $28K
Bitcoin’s price has dropped about 9% over the past week and is still unable to reach $28K. Bitcoin’s dominance metric suggests that it performed better than other altcoins, currently standing at 44%, up by 4% in the past seven days.
Radix Stands Out, Gains 13%
Radix (XRD) stands out as the best performing cryptocurrency, with gains of 30.9% in the past seven days and around 13% in the past day alone. Other top performers include WOO Network (WOO) with an increase of 11.5%, and BitTorrent (BTT) with a 6% increase. On the other hand, Arbitrum’s ARB lost around 2.3%. The overall market remained relatively flat in the past 24 hours.
Ethereum’s price remains below $1,900, while XRP lost its pivotal $0.5 level. It remains to be seen if market sentiment will shift or if more pressure is on the horizon.
