The overall cryptocurrency market has remained relatively stable over the last 24 hours, with minimal exceptions, consolidating without major movements across the market.
bitcoin price today
The cryptocurrency even dipped below the crucial $30,000 level yesterday, but managed to recover immediately. So far, the bulls have been successful in defending this important psychological point.
During the same period, Bitcoin’s dominance has remained relatively stable, indicating that the leading cryptocurrency has failed to gain any traction against the rest of the market.
This, even after it was revealed that Microstrategy bought $350 million worth of bitcoin.
Currently, cryptocurrency market sentiment is neutral. This is according to the popular Fear and Greed Index.
XRP and ADA have suffered considerably over the past seven days, and are also down over the past 24 hours.
Today’s best performer is SNX, which is up 8%, followed by Stacks – up 4%. Most of the remaining altcoins are trading steady or showing small losses.
One of the currencies that fell the most was Radix (XRD), which continues to fall. The cryptocurrency is down 17% during the day.
It has dropped substantially since yesterday when the market was in a greedy state.
North Carolina passes a bill in the House to study keeping Bitcoin on the state balance sheet.
Slovakia lowered the Bitcoin tax rate from 39% to 7%.