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A$ 88,959
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Ripple (XRP) Skyrockets 17% as Bitcoin Finds Trouble at 57K Area (Market Watch)

Bitcoin continues to suffer below the coveted $60,000 and stands about three thousand dollars below after another slump. As such, its dominance has declined even more as some altcoins have marked serious gains. Ripple leads the larger-cap pack with a 17% daily surge to just shy of $0.70.

XRP Leads the Altcoin Way

The past few days have been somewhat stagnant for the larger-cap altcoins as most have failed to display any significant price movements. The situation is relatively similar in the past 24 hours.

Ethereum has remained just above $2,000, Binance Coin is still beneath $340, Polkadot (-3%) is down to $42, and Cardano stalls around $1.20. On the other hand, Uniswap, Litecoin, and Chainlink have shown minor gains.

However, Ripple has outperformed all top-ten altcoins. The payment processor’s native digital token, XRP, has surged by roughly 17% to above $0.68. This is the highest price tag the asset has seen since early February when it pumped above $0.70 briefly.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Somewhat expectedly, lower- and mid-cap altcoins are even more fluctuating. WazirX leads the way with a massive 220% surge in a day and an over 1,000% increase in a week to $5,50.

BitTorrent is next with a 60% daily rise and 250% weekly pump to $0.0.12. Stacks (55%), Flow (36%), TRON (20%), Dent (20%), OMG Network (19%), Zilliqa (17%), Siacoin (15%), and Holo (14%) are next.

The skyrocketing lower cap alts have helped the crypto market cap to remain above $1.9 trillion.

Bitcoin Struggles at $57K, Dominance Reduced

The primary cryptocurrency has failed repeatedly to overcome $60,000. As previously reported by CryptoPotato, bitcoin initiated several such attempts but to no avail so far.

The last one drove the asset $3,500 down, as BTC has yet to recover from this steep price decline. In the past 24 hours, bitcoin went to a daily high of $58,500 but has dropped again and currently struggles to remain above $57,000.

BTC’s indecisiveness has given the alts an opportunity to reduce its dominance over the market further. The metric comparing bitcoin’s market capitalization with all other crypto assets is down to 56%, according to CoinMarketCap. Just a few weeks ago, it was well above 60%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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CryptoCurrencyAUDChange 1hChange 24hChange 7d
Bitcoin88,959 0.46 % 5.18 % 18.76 %
Ethereum5,500.5 1.02 % 8.31 % 18.26 %
Binance Coin672.21 0.66 % 4.53 % 14.80 %
Cardano2.920 0.28 % 4.14 % 3.86 %
Tether1.330 0.03 % 0.23 % 0.18 %
XRP1.530 0.76 % 5.85 % 4.51 %
Solana231.67 0.82 % 12.12 % 14.63 %
Polkadot59.47 0.30 % 8.38 % 27.31 %
Dogecoin0.3397 0.51 % 5.36 % 12.87 %
USD Coin1.330 0.04 % 0.35 % 0.23 %

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