Over the past 24 hours, the cryptocurrency market has exhibited minimal fluctuations, with Bitcoin failing to make significant progress. Nevertheless, this could potentially serve as a foundation for an ambitious push towards the $27K mark.
Apart from a few exceptions, the majority of altcoins have shown little to no growth, prompting us to delve further into the matter.
Bitcoin preparing for $27K?
The Bitcoin price has shown no significant changes in the past 24 hours and continues to hover around $26,500, the same level as yesterday’s trading.
Source: TradingView
According to the co-founder of Glassnode, the next obstacle to surpass is $27K. However, there might be some selling pressure due to profit booking at $27.4K and $28.2K, should Cryptocurrency aim to reach that level.
In general, his belief is that the ongoing increase in Bitcoin’s price will ultimately result in another attempt to reach the highly desired $30K level.
Altcoins flat, TON continues to fall
Given the slow market conditions over the weekend, it was expected that altcoins would not show any significant activity in the past 24 hours.
Ethereum,
Source: Quantify Crypto
The most evident illustration is TON, as it continues to surge and has experienced an additional 12% growth within the last day. This cryptocurrency has consistently emerged as one of the top performers throughout the previous week, with an overall increase of nearly 40% during this period.
Today, Axie Infinity’s AXS token has experienced the highest decline, plummeting approximately 6.4%. Following closely behind is Kaspa’s KAS, with a decrease of 5.5%.
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Source: cryptopotato.com
