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Crypto market overview: Alts crash as they fail to keep pace with BTC

  • BTC/USD is on the course of stringing together five bullish days in a row.
  • Chainlink (LINK) with an 8.4% drop was the biggest loser among the top 20.

Bitcoin is well on its way of having five bullish days in a row. The rest of the market, however, is struggling to keep pace. Let’s take a closer look at how the top three did and then reveal the biggest winners and losers of the day, among the top 20 coins.

Top three coins

  • Bitcoin (BTC): Despite facing a flash crash of $550 in 15 mins, BTC/USD recovered pretty well. The bulls managed to break past market resistance at $12,835 and BTC/USD currently priced at $12,915. Over the last five days, the price has gone up from $11,000 to $12,970.
  • Ethereum (ETH): ETH/USD has had a bullish start to Wednesday, following a bearish Tuesday. The price is currently consolidating in a flag formation and is trading for $311.80. Bulls need to overcome short-term resistance at $313.50.
  • Ripple (XRP): Ripple’s long struggle with the $0.40 line continued this Wednesday. This Tuesday, the price went down below $0.40 and the bulls are trying to re-enter the zone. XRP/USD is currently priced at $0.396.

Biggest winners and losers (top 20 coins)

  • Bitcoin (BTC/USD) with a 3.94% increase is the biggest winner among the top 20.
  • Bitcoin SV (BSV/USD) with a 3.30% increase is the second biggest winner and priced at $208.50.
  • Chainlink (LINK) with an 8.4% drop was the biggest loser among the top 20.

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