Image default

Lido (LDO) and Aptos (APT) Soar by 7%, BTC Remains Shaky at $27K (Market Watch)

The past 24 hours saw another dip from bitcoin that drove it south to its lowest price position in a week, but the asset managed to erase those losses in the following hours.

The altcoins are slightly in the green on a daily scale now, as ETH has neared $1,900, while ADA and XRP are up by 2-3%.

BTC Uncertain at $27K

Ever since it tapped a two-week high at $28,500 this week, bitcoin’s performance has been quite underwhelming. The cryptocurrency first retraced to $28,000 in a day or so before it plummeted by another grand on Wednesday.

After an unsuccessful attempt to overcome $27,500, the asset started losing value fast once again on Thursday and dropped to $26,600. Another multi-day low came in the past 24 hours when it slipped to $26,500 (on Bitstamp).

However, the bulls managed to intercept this move and pushed bitcoin north by over $500. As such, BTC now trades above $27,000, and its market cap has risen to $525 billion.

Its dominance over the altcoins, though, has taken another hit and is down to 46% after exceeding 46.5% last week.

BTCUSD. Source: TradingView

FIL, LDO, APT Jump High

Most altcoins also fell during the working week but have turned green on a daily scale now. Ethereum went down to $1,850 yesterday, but a 2% increase since then has pushed the second-largest crypto to almost $1,900 as of now.

Binance Coin dipped beneath $305 but stands above it now after a 1% pump. Ripple, Cardano, Dogecoin, Polygon, Solana, Litecoin, Tron, Polkadot, and Avalanche are also in the green from the larger-cap alts, in some cases by up to 3%.

More impressive gains come from the likes of Filecoin, Lido Dao, Aptos, and Arbitrum. All of the above have increased by somewhere between 5-8% on a daily scale.

As such, the cumulative market cap of all crypto assets has recovered around $20 billion from the recent losses and is up to $1.140 trillion now.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

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.

Source link

Related posts

Polkadot NFTs lose popularity, but DOT is immune: Here’s why

Melodie Denning

Coinbase says some employees’ information stolen by hackers

Melodie Denning

AXS/USD Could Touch $6.0 Support

Melodie Denning

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy