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

Bitcoin struggles to reclaim the $28K mark as Radix (XRD) experiences a 13% increase in its daily pump. In our market watch report, we provide insights on the latest developments in the cryptocurrency market, including price movements, trends, and notable events. Stay informed and up-to-date with the latest cryptocurrency news and analysis.

The cryptocurrency market saw considerable losses over the past week, with a total drop of over $100 billion. Unfortunately, Bitcoin’s price has been unable to reclaim the $28K level as its value continues to struggle. Despite a slight 1% recovery over the past 24 hours, the cryptocurrency lost about 9% over the past week. Regardless, Bitcoin’s performance is still much stronger than that of the rest of the market, as evidenced by its 44% dominance, which is up 4% in the past seven days alone.

However, Radix (XRD) remains the best performer, rising by 30.9% in the past seven days and 13% in the past day alone. Other top performers are WOO Network (WOO) up 11.5% and BitTorrent (BTT) up 6%. On the other end, Arbitrum’s ARB was the worst performer of the week, losing around 2.3%.

The market was relatively flat over the past 24 hours, with Ethereum continuing to trade below $1,900 and XRP losing the critical $0.5 level. It remains to be seen whether or not the sentiment will shift, or if more pressure is ahead.

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