The cryptocurrency market failed to deliver any significant movements in the past 24 hours as the majority of coins are trading flat with no real discrepancies. There are, of course, a few exceptions, so let’s unpack.
Bitcoin price fixed at $39,000
As the chart below shows, the last 24 hours have finally been a little less volatile compared to previous periods.
With one exception where BTC’s price dipped towards $38,500, the primary cryptocurrency has been trading around $39,000 for the most part. This is somewhat expected as it’s the weekend and it’s usually the case that volumes are lower.
The lack of tumultuous price action also resulted in significantly fewer sell-offs compared to previous days. In the last 24 hours, there were only around $38 million of long and short positions liquidated, where the ratio is also somewhat stable, with 58% being long liquidations. The biggest liquidation order was an ETH perp worth $800,000 and it happened on OKEx.
THORChain Pulls Ahead, Top Alts Stagnate
The leading altcoins from the top 10 failed to produce any considerable movements during the last day.
Top of Form
As the heatmap above shows, most cryptocurrencies are trading in the red for minimal losses – typical sideways action. LUNA continues to lose gains made during its recent rally, as the coin is down another 3% today.
The biggest gainer for the past 24 hours is THORChain’s RUNE – up 10.5%. With this recent increase, the cryptocurrency is up a total of 40% over the past week.
In contrast, JUNO lost the most – around 8%, followed by ANC with 6%. The latter is also the coin that lost the most value for the week – around 47%.
