- The cryptocurrency market, which started the week on an upward trend, has once again entered a period of decline.
- Bitcoin, the leading cryptocurrency, has fallen back to levels around $25,800.
- Despite the general downward trend in the cryptocurrency market, Stellar (XLM) continues to rise, distinguishing itself positively from the market.
The cryptocurrency market, which kicked off the week on a high note, has once again entered a downturn. Despite this, Stellar (XLM) has managed to continue its upward trajectory, distinguishing itself from the general market trend. Bitcoin, the leading cryptocurrency, has seen a drop, falling to around $25,800.
Downward Trend in the Cryptocurrency Market
The cryptocurrency market, which started the week on a high, has once again entered a period of decline. Bitcoin, the leading cryptocurrency, started trading around $25,800 after surpassing the $26,000 mark in the morning hours. Ethereum (ETH) also experienced a drop, falling back to around $1630. The total market value of the cryptocurrency ecosystem has retracted to around $1.04 trillion, according to CoinMarketCap (CMC) data.
With Bitcoin falling back to around $25,800, most altcoins in the cryptocurrency market also entered a downturn after starting the week on a high. However, there were some cryptocurrencies that continued to rise and distinguished themselves positively from the market.
Rising Despite the Market Downturn
The leading cryptocurrency, Bitcoin, which surpassed the $28,000 mark in the morning hours, fell back to around $25,800, triggering a new downturn in the cryptocurrency market. Despite most altcoins entering a downturn during the day, Stellar (XLM) managed to accelerate its rise, distinguishing itself positively from the cryptocurrency market.
Stellar (XLM) started trading from $0.12 price levels after recording a value increase of over 7% in the last 24 hours. With its recent value increases, Stellar (XLM) ranked among the top three cryptocurrencies with the highest percentage increase of the day among the top 100 cryptocurrencies by market value, according to CMC data.
Conclusion
Investors should be aware that cryptocurrencies carry high volatility and therefore risk. Transactions should be carried out based on their own research. Follow our news on our Telegram, Instagram, Facebook, Twitter, and Youtube accounts.
