Bitcoin’s price movements took another turn for the worse yesterday with a dip to $65,000 but the asset has managed to recover most of the losses as of now.🎗🎗
Most altcoins have also bounced off, aside from ADA and ETH, both of which are deep in the red today as well.BTC Recovers $2K.💎💎
After the relatively calm weekend in which the primary cryptocurrency stood in a tight range between $68,000 and $68,500, the asset went on the offensive at the start of the business week.🎯🎯 It skyrocketed on Monday morning to $69,500, which became its highest price tag in almost three months.
However, the landscape started to change in the following hours, and BTC found itself slipping to and below $67,000 on the same day. Tuesday was less volatile, as the cryptocurrency remained around that level.🥈🥈
The bears remainspersistent, though, and propelled another leg down that resulted in a price drop to $65,000 (on Bitstamp) yesterday. This became bitcoin’s lowest position since October 15.
Nevertheless, the assetbounced offand has recovered over two grand since then. It currently trades just north of $67,000, and its market cap is up to $1.326 trillion on CG. Its dominance over the alts has increased as well to 54.9%.APE Going Downhill.📈📈
The biggest gainer during the weekend was undoubtedly ApeCoin’s native asset.🤗🤗 The popular meme coin exploded by triple digits on Sunday after the launch of the protocol’s Apechain. It re-entered the top 100 alts and reached a multi-month peak of $1.7. ✅✅However, it has lost some of its momentum since then. APE is down by 10% in the past 24 hours alone and now struggles at $1.14.
In contrast, GOAT and SAFE are now a part of the top 100 alts following gains of 32% and 79% in the past day. POPCAT has soared by 17%, followed by MEW (12%), JUP (8%), and PYTH (6.6%).
🎗🎗Cardano, Ethereum, Shiba Inu, and Chainlink are in the red from the larger-cap alts, while SOL, BNB, TRX, SUI, and UNI have turned green.
The total crypto market cap has remained at essentially the same spot as yesterday at just over $2.4 trillion on CG.
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