• Bitcoin’s price has been stagnant at $30,000 in the past 24 hours.
• The total market capitalization increased by about $6 billion.
• Altcoins are unable to capitalize on Bitcoin’s stagnation as it remains rangebound.
Flat Bitcoin Price at $30K
The past 24 hours in the cryptocurrency markets saw the total capitalization increase by some $6 billion, however Bitcoin failed to make any decisive gains and remained stagnated around the $30K mark. Despite this, some of the major coins charted ever-so-slight gains, but overall the trend remained largely rangebound.
Bitcoin’s Dominance Remains Flat
Due to altcoins‘ lack of ability to capitalize on BTC’s stagnation, its dominance – a metric that tracks its share relative to that of the rest of the market – also remained flat at 46.6% in the past 24 hours.
Tron (TRX) Soars 8% Daily
In stark contrast to most other coins, Tron (TRX) is pumping ahead and charting daily gains of 8%. This surge could be attributed to Tron’s recent news surrounding their partnership with Swipe Wallet which allows users to purchase TRX tokens directly from their bank accounts.
At present time, it appears that not much is happening in terms of significant price movements for either Bitcoin or altcoins alike. The only notable exception being Tron (TRX), which continues to surge ahead despite an otherwise flat market climate.
Overall, it looks like traders may have some time before we see any significant movements take place in either direction across crypto markets. As such, many investors remain optimistic about what lies ahead for both Bitcoin and altcoins alike over the coming weeks and months.