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    Home » Market Updates » Bitcoin Stagnant Above $29K as RLB Skyrockets to $0.2 (Market Watch)

    Bitcoin Stagnant Above $29K as RLB Skyrockets to $0.2 (Market Watch)

    Author: George Georgiev

    Last Updated Aug 11, 2023 @ 08:04

    Bitcoin’s price remains rangebound but there’s one coin that’s making all sorts of rounds today.

    The cryptocurrency market is taking an interesting turn throughout the past few days. Bitcoin’s price has been unable to make any improvements, but a coin that’s native to an online crypto casino is all the industry is talking about.

    Let’s dive in.

    Bitcoin Unable to Escape $29K Range

    The past 24 hours failed to deliver anything interesting in terms of Bitcoin’s price development as it’s completely devoid of volatility and any kind of action.

    The price remains in the tight consolidation range of around $29K, and if we exclude the recent attempt to break $30K, the market is completely paralyzed.

    btc_price_chart_1108231
    Source: TradingView

    In all fairness, it’s not just Bitcoin. The entire market seems unable to produce any volatility with certain exceptions.

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    RollBit Coin (RLB) Leads Altcoins With Massive Surge

    The major news throughout the past couple of days is the performance of RLB – the native cryptocurrency of the crypto casino RollBit.

    RollBit came to prominence a few months ago, with many popular crypto-oriented influencers promoting it heavily.

    The native cryptocurrency of the platform recently exploded following news that RollBit will be burning a considerable portion of it. This created additional hype that drove its price higher amid an otherwise stagnating market.

    cryptocurrency_heatmap_1108231
    Source: Quantify Crypto

    Elsewhere, as seen in the heatmap above, most of the major altcoins have failed to chart any considerable gains. Shiba Inu (SHIB) is one of the exceptions as its rally continues. The coin is up 4% on the day and it shows little signs of slowing down.

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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Bitcoin (BTC) Price
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    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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