Bearish
Stellar (XLM) price drops 8.62% to $0.1898 amid market correction.
Over the past 24 hours, Stellar (XLM) experienced a significant decline of 8.62%, bringing its price down to $0.1898. This downturn is attributed to a broader market correction, with investors shifting capital away from altcoins and into Bitcoin. Additionally, profit-taking after a strong weekly rally and low weekend trading volumes have contributed to the price drop.
Key points
- XLM's price fell 8.62% to $0.1898, with a trading volume of $36 million and a market cap of $5.004 billion.
- The decline follows a 25% surge in the previous week, indicating potential profit-taking.
- The broader crypto market is experiencing a risk-off sentiment, leading to reduced interest in altcoins like XLM.
Sources
AI-generated from public news sources. Not financial advice.
