Weekend Watch: Bitcoin Lost $20K, Cardano Soars 6%

Bitcoin seems to have lost the coveted $20K level while Cardano (ADA) is up 6%, making it the best performer from the top 10 in the past 24 hours.

It appears that the bears are slowly taking control over the market in the short term as the primary cryptocurrency trades below $20K, and the majority of other coins look indecisive at best. Of course, there are certain exceptions.

Bitcoin Losing $20K

Source: Binance via TradingView

The volatility has also disappeared from the market over the past couple of days, resulting in a lot fewer liquidations and overall trading volume. For the past 24 hours, there were only about $6 million in liquidated positions for BTC.

Cardano Soars 6% as Altcoins Indecisive

Even though most of the market is painted in green today, the increases are actually quite insignificant, as seen in the heatmap below.

Source: Quantify Crypto

Cardano is undoubtedly the best performer among the top altcoins, whereas cryptocurrencies like ETH, DOT, BNB, and XRP, are all up by less than 1%.

DeFiChain (DFI) seems to be the coin that gained the most in the past day – up by a whopping 11.5%, followed by GMX and ADA. On the other end of the spectrum, we have Helium’s HNT, which is down 8.3%, followed by LEO – down 4.5%.


George Georgiev, CryptoPotato

Georgi Georgiev is CryptoPotato’s editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi’s passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn’t looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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