After flirting with and above the $17K level for a few days, Bitcoin\u2019s price has been unsuccessful in charting any significant gains above it. Finally, the bears seem to have taken over and pushed the cryptocurrency below it.<\/p>\n
This happens as the entire market capitalization lost around $20 billion in the past 24 hours, and altcoins are predominantly trading in the red.<\/p>\n
Bitcoin\u2019s Price Losing $17K<\/h2>\n
The past 24 hours haven\u2019t been particularly favorable throughout the entire cryptocurrency market. BTC\u2019s price seems to have lost the $17K mark, and it\u2019s currently trading slightly below it \u2013 around $16,800 (on Binance).<\/p>\n Bitcoin is currently down around 1.3% on the day but remains up by 2.2% on the weekly. Over the past few days, the BTC dominance \u2013 the metric that tracks its share relative to that of the entire market \u2013 has also been trending upwards. This goes to show that BTC is slightly more dominant compared to altcoins during this period.<\/p>\n The altcoin market is also covered in red throughout the past 24 hours, with no exceptions coming from the top cryptocurrencies \u2013 as seen in the heatmap below.<\/p>\n Despite the current downturn, though, there are some altcoins that are performing extremely well. For example, Radix (XRD) is up a whopping 25% in the last day, making it the best performer amongst the top 100 altcoins during the past 24 hours. XRD is followed by Frax Shares (FXS), which is up 7.5%.<\/p>\n On the other hand, the coin powering the Aptos ecosystem \u2013 APT \u2013 is down 8.9%, and it\u2019s the worst performer on that list, followed by Tokeniz Xchange\u2019s TKX (down 8.2%).<\/p>\n PrimeXBT Special Offer: Use this link<\/a> to register & enter POTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\n Cryptocurrency charts<\/a>\u00a0by TradingView.\n<\/div>\n <\/p><\/div>\n![\"btc_price_chart_071201\"](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2022\/12\/btc_price_chart_071201.png\")
Altcoins Swimming in Red<\/h2>\n
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