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The past 24 hours saw the total cryptocurrency market cap hold its position above $1.3 trillion. However, it&#8217;s worth noting that Bitcoin&#8217;s dominance &#8211; the metric that tracks its share relative to that of the entire market &#8211; has declined during this period.
This suggests that altcoins are performing better than BTC, so let&#8217;s have a closer look at what happened.
<h2 id="bitcoin-fights-for-30k">Bitcoin Fights for $30K</h2>
As we <a href="https://cryptopotato.com/ethereum-eth-tapped-new-11-month-high-bitcoin-btc-slips-below-30k-market-watch/" data-wpel-link="internal">reported</a> yesterday, BTC&#8217;s price slipped below $30K and even tapped a local intraday low at around $29,300.
However, the bulls have managed to regroup and were successful in pushing the price back toward $30K.
<figure id="attachment_246925" aria-describedby="caption-attachment-246925" style="width: 1348px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-18_11-38-43.png" data-wpel-link="internal"><img class="size-full wp-image-246925" src="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-18_11-38-43.png" alt="BTCUSDT_2023-04-18_11-38-43" width="1348" height="873" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-18_11-38-43.png 1348w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-18_11-38-43-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-18_11-38-43-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-18_11-38-43-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSDT_2023-04-18_11-38-43-50x32.png 50w" sizes="(max-width: 1348px) 100vw, 1348px" /></a><figcaption id="caption-attachment-246925" class="wp-caption-text">Source: TradingView</figcaption></figure>
That said, BTC is currently fighting for that pivotal level, and it&#8217;s interesting to see if it will manage to reclaim it. Futures markets saw a total of $35 million worth of liquidated BTC positions in the past 24 hours, and around half of that in ETH positions. Over 60% of that represented long orders, so it appears that bears took control over the derivatives market for the time being.
Meanwhile, BTC remains 0.6% down for the day and only around 0.2% up for the past week.
<h2 id="altcoins-outperform-xrd-rallies">Altcoins Outperform, XRD Rallies</h2>
Altcoins have managed to slightly outperform BTC throughout the past 24 hours, pushing its dominance down by about 0.2%.
This comes on the back of certain coins performing a lot better than others. The larger projects include Litecoin (+3.2%) and Avalanche (+3.9%).
<figure id="attachment_246927" aria-describedby="caption-attachment-246927" style="width: 1655px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231.jpg" data-wpel-link="internal"><img class="size-full wp-image-246927" src="https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231.jpg" alt="crypto_heatmap_1804231" width="1655" height="1189" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231.jpg 1655w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231-300x216.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231-1024x736.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231-768x552.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231-1536x1104.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/04/crypto_heatmap_1804231-50x36.jpg 50w" sizes="(max-width: 1655px) 100vw, 1655px" /></a><figcaption id="caption-attachment-246927" class="wp-caption-text">Source: Quantify Crypto</figcaption></figure>
That said, the best-performing cryptocurrency (from the top 100 by market cap) is Radix (XRD). It&#8217;s up a whopping 28%, adding to the total weekly gains of around 113%. XRD shows no signs of slowing down.
On the other end of the spectrum, there&#8217;s Bitget Token (BGB), that&#8217;s down about 6.7%, and Rocket Pool (RPL) &#8211; down 5.2%.
The market sentiment remains somewhat positive, with values of 58 <a href="https://alternative.me/crypto/fear-and-greed-index/" data-wpel-link="external" target="_blank">according</a> to the Crypto Fear and Greed Index. This is indicative of &#8220;greed.&#8221;
The post <a href="https://cryptopotato.com/radix-xrd-explodes-30-daily-as-bitcoin-fights-for-30k-market-watch/" rel="nofollow">Radix (XRD) Explodes 30% Daily as Bitcoin Fights For $30K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Radix (XRD) Explodes 30% Daily as Bitcoin Fights For $30K (Market Watch)

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