Bitcoin Trades Around $25,700 As Stellar Lumen Outperforms The Market

TL;DR

• Bitcoin has lost 1% of its value in the last 24 hours and is now trading at around $25,700.

• XLM is the best performer amongst the top 20 cryptocurrencies by market cap.

BTC Still Trading Below $26k As XLM Rallies

Bitcoin, the number one cryptocurrency by market cap, has been underperforming since the start of the week. It has lost 1% of its value over the last 24 hours and is now trading at $25,702 per coin.

The poor performance comes as the bears continue to be in control of the market. If the bearish trend continues, BTC could drop to the $25k level over the next few days.

Despite BTC underperforming, some altcoins have been performing well since the start of the week. XLM, the native coin of the Stellar Lumen ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap, adding nearly 4% to its value in the last 24 hours. At press time, the price of XLM stands at $0.1266.

Polygon’s MATIC also performed well in the last 24 hours, adding more than 2% to its value during that period. MATIC is currently trading at $0.5573 per coin.

The total cryptocurrency market cap has dropped to the $1.04 trillion mark, down by 0.8% so far today.