Bitcoin price has stabilized slightly above $73,000, while XLM extends its weekly gains to 80%.
The cryptocurrency market has stabilized somewhat over the past 24 hours, following a painful correction that pushed Bitcoin and most large-cap altcoins lower during the week.
However, Stellar (XLM) continues to be the clear outlier from the highs, posting another massive daily rally as the broader market remains under pressure.
BTC Price Calms Above $73,000
Bitcoin’s most recent weekly correction saw the asset fall south when it fell below $73,000 amid renewed pressure in crypto markets. The leading cryptocurrency has since recovered and gained ground, now trading at $73,400.
Its intraday movements have not been without volatility, however. The price ranged between $72,200 and $74,200 before finally settling at current levels at the start of the weekend.
Bitcoin’s market cap remains above $1.47 billion, while its dominance over altcoins is more or less unchanged, suggesting that they have failed to capitalize on BTC’s weakness. The latter could have been induced by the weakening of ETF flows, which have recorded record outflows in recent days.
For now, the $73,000 area has become the key area to watch. A decisive loss from this level could trigger a further decline, potentially to $70,000, while a move above $74,000 could alleviate some of the near-term pressure.
Stellar (XLM) continues to dominate the Altcoin market
The altcoin market presents a mixed picture today, with most large-cap assets showing relatively modest moves over the past 24 hours rather than strong rallies.
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Ethereum (ETH) is trading near $2,000, while SOL, XRP, and several other majors are showing only limited changes. BNB fared best among the top alts, up over 5% on the day.
XRP is also slightly in the green, while ETH and SOL remain almost flat from their 24-hour levels.
Stellar (XLM), however, is in a completely different category. The altcoin has exploded by around 25% over the past day and is trading near $0.20, making it one of the best performing cryptocurrencies among mid-sized cryptocurrencies.
The move comes shortly after DTCC announced that its tokenization service would connect to the Stellar public blockchain. The move is expected to support tokenized assets held by DTC, including stocks, ETFs, Treasuries, and corporate bonds, with availability planned for the first half of 2027.
Other notable players of the day included LAB, up 37.5%; Algorand’s ALGO, up 9.5%; and XDC Network (XDC), up 9%.
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