While BTC managed to pull ahead following the increase in market volatility, the same is not true for many altcoins. The situation is mixed, but many altcoins dropped by more than 3% during the day, which is indicative of the current dynamices where Bitcoin is clearly dominant.
The best performer for today is PENGU – the native cryptocurrency of the Pudgy Penguins ecosystem, up by 6.3%. On the other side of the coin, we have Algorand’s ALGO, which is down 6.5%.
Coinglass also shows a 30% increase in liquidated positions across the derivatives markets, currently totaling around $260 million.
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Cryptocurrency charts by TradingView.
