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Bitcoin Struggles to Maintain $30K, Tezos Reaches Monthly High

Bitcoin Struggles to Maintain $30K, Tezos Reaches Monthly High

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Answer Bitcoin Struggles to Maintain $30K, Tezos Reaches Monthly High

Bitcoin is still struggling to maintain the $30,000 level, and earlier it fell below it.

While most altcoins are slightly red in colour.

Except for the XTZ cryptocurrency, which is among the few exceptions.

Will Bitcoin Stay Above $30K?

Bitcoin continues to practice its favorite hobby of fluctuating as it started at a price below $30K and reached its highest level in several days trying to break through the $32,000 level.

Then the bears moved in and established themselves hours later and pushed bitcoin south again to $29,200.

And the volatility was not over as the coin price climbed back above $31,000.

Read:Bitcoin price hits 10-day high, Dogecoin up 10%

Then the bitcoin failed to continue rising and fell to the levels of 30 thousand dollars.

In the past 24 hours, Bitcoin has fallen below $29,500 (on Bitstamp).

To re-rise and rise above the level of 30 thousand dollars, but its market value fell to 570 billion dollars, while the market dominance reached 46.5%.

Despite the price struggle, the Bitcoin network continues to grow stronger.

This is evidenced by the increasing hash rate, which hit a new all-time high.

XTZ coin makes the event and hits a monthly high:

The landscape among most altcoins is rather negative, with Cardano leading the race to the downside (-6% on the day).

Earlier, ADA was the most significant gainer of altcoins with larger market capitalization, but it has fallen to $0.60 now.

Ethereum price also fell below $1800 after a slight bounce.

Dogecoin, TRX, Avalanche, and Shiba Inu also appear slightly red, while BNB, XRP and DOT all posted small increases.

Solana price has jumped to the maximum among the top 10 cryptocurrencies and the coin has regained the $40 level and is still hovering around it.

Read:Markets rose after the Federal Reserve Chairman’s statement on interest rates…details here

While the coin that made the event and exception is the XTZ coin, which jumped from $2 to nearly $2.4, which became the highest monthly level, after Tether announced the launch of its digital stablecoin USDT on the XTZ blockchain.

Currently, at the time of publication, the market value of cryptocurrencies is estimated at $1.23 trillion.

Read also:

SEC investigates Terra project explosion, $60 billion loss

A new stable digital currency, AUDC, launched in Australia with the help of Ripple and Stellar


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