BTC Is Being Outperformed By Alts Like ETH, ARB, APT, and RPL

  • ETH was able to breach $2k for the first time in 8 months.
  • ARB and RPL were both able to record gains of over 20% since yesterday.

The crypto market intelligence firm, Santiment, shared a post on Twitter yesterday about the stellar performances of altcoins throughout Thursday. According to the post, Bitcoin’s (BTC) dominance was reduced on Thursday as altcoins like Ethereum (ETH) and others produced stellar performances.

Crypto performances over the last day
Crypto performances over the last day (Source: Santiment)

ETH was able to breach $2k for the first time in 8 months, while altcoins like Arbitrum (ARB), Aptos (APT), HEX, and Rocket Pool (RPL) recorded big gains. BTC is trading above the $30k mark at $30,791.27 after a 2.36% price increase over the last day. Although this is a positive performance for the market leader, it was still outshined by various altcoins.

After a more than 9% price increase in 24 hours, ETH is currently worth about $2,111.97. Over this time period, ETH was able to strengthen against BTC by 5.41%. The altcoin leader is also in the green by more than 13% over the last seven days according to CoinMarketCap.

APT’s price is also currently up by 9+%, and the crypto currently trades at $12.78. The token was able to reach a high of $13.42 during this period as well.

Two crypto’s that turned a few heads are ARB and RPL, as both of these altcoin were able to record gains of more than 20% over the last day. ARB’s 21.92% price increase pushed the altcoin’s weekly performance even further into the green, as it’s currently up 27+% over the last seven days.

RPL’s weekly performance is in the green at +13.66% at press time. Also in the green zone is RPL’s 24-hour trading volume which stands at $31,876,076 after a more than 60% increase since yesterday.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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