Radix

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BitTorrent

<p>The cryptocurrency market took a beating throughout the past week, losing well over $100 billion in the process. This comes on the back of considerable losses across the board, with BTC&#8217;s price still unable to reclaim the $28K level.</p>
<h2 id="bitcoin-price-below-28k">Bitcoin Price Below $28K</h2>
<p>Bitcoin managed to recover a slight 1% throughout the past 24 hours but is still down a lot over the week.</p>
<figure id="attachment_247612" aria-describedby="caption-attachment-247612" style="width: 1450px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-23_10-34-36.png" data-wpel-link="internal"><img class="size-full wp-image-247612" src="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-23_10-34-36.png" alt="BTCUSDT_2023-04-23_10-34-36" width="1450" height="491" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-23_10-34-36.png 1450w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-23_10-34-36-300x102.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-23_10-34-36-1024x347.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-23_10-34-36-768x260.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-23_10-34-36-50x17.png 50w" sizes="(max-width: 1450px) 100vw, 1450px" /></a><figcaption id="caption-attachment-247612" class="wp-caption-text">Source: TradingView</figcaption></figure>
<p>That said, the cryptocurrency is unable to reclaim the $28K, and it&#8217;s apparent that the bulls are struggling to regain control. Over the past week, it lost about 9% but still managed to significantly outperform the rest of the market.</p>
<p>This is evident in Bitcoin&#8217;s dominance &#8211; the metric used to gauge its share relative to that of the rest of the market. At the time of this writing, it stands at 44%, up 4% during the past seven days. This suggests that BTC managed to perform a lot better than altcoins.</p>
<h2 id="radix-stands-out-gains-13">Radix Stands Out, Gains 13%</h2>
<p>Radix (XRD) is up 30.9% during the past seven days, gaining around 13% in the past day alone. The cryptocurrency still lost a lot of value during that period but remains the absolute best performer in both time frames.</p>
<p>WOO Network (WOO) is also up around 11.5%, followed by BitTorrent (BTT), which is up 6%. On the other end of the spectrum, there&#8217;s Arbitrum&#8217;s ARB, which lost around 2.3%. In general, the market was relatively flat throughout the past 24 hours.</p>
<figure id="attachment_247613" aria-describedby="caption-attachment-247613" style="width: 1480px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_2304231.jpg" data-wpel-link="internal"><img class="size-full wp-image-247613" src="https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_2304231.jpg" alt="crypto_heatmap_2304231" width="1480" height="772" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_2304231.jpg 1480w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_2304231-300x156.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_2304231-1024x534.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_2304231-768x401.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_2304231-50x26.jpg 50w" sizes="(max-width: 1480px) 100vw, 1480px" /></a><figcaption id="caption-attachment-247613" class="wp-caption-text">Source: Quantify Crypto</figcaption></figure>
<p>Ethereum continues trading below $1,900, while XRP lost the pivotal $0.5 level. It&#8217;s interesting to see whether or not the sentiment will shift or if there&#8217;s more pressure ahead.</p>
<p>The post <a href="https://cryptopotato.com/bitcoin-unable-to-reclaim-28k-radix-xrd-pumps-13-daily-market-watch/" rel="nofollow">Bitcoin Unable to Reclaim $28K, Radix (XRD) Pumps 13% Daily (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.</p>

Bitcoin Unable to Reclaim $28K, Radix (XRD) Pumps 13% Daily (Market Watch)

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