Ripple (XRP) Plummets 9% Weekly, Cardano (ADA) Follows Suit: Market Watch


29 Jun 2023 8:54 AM

The broader cryptocurrency market remains relatively flat, but XRP and ADA have declined substantially in the past week....

  • The broader cryptocurrency market has been relatively flat in the past 24 hours, with no major movements.
  • However, Ripple's XRP and Cardano's ADA have both declined by about 9% in the past week.
  • Bitcoin's price has remained solid above $30K, with a dip below the pivotal level but a quick recovery.
  • Bitcoin's dominance has remained flat, indicating a lack of traction compared to the rest of the market.
  • The altcoin market is giving mixed signals, with no significant moves in either direction.
  • Stacks (STX) is the best performer, up 6%, followed by Synthetix Network (SNX) with a 4% increase.
  • Most other altcoins are trading flat or experiencing slight losses.
  • Radix (XRD) has suffered the most, with a 16% decline in the day.
  • The crypto market sentiment is currently neutral, after declining from a state of Greed.

The sentiment in the cryptocurrency market is currently neutral, after declining from a state of Greed.

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You May Ask

How has the broader cryptocurrency market performed in the past week?What is the current price of Bitcoin and how has it been performing?Which altcoins have declined in the past week and in the past 24 hours?What is the sentiment in the crypto market according to the Fear and Greed Index?

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