Cryptocurrency news

Bitcoin (BTC) Reclaims $61K, Aptos (APT) Soars 10% Daily (Market Watch)

CryptoPotato / 04.10.2024 / 08:46
Bitcoin (BTC) Reclaims $61K, Aptos (APT) Soars 10% Daily (Market Watch)

Bitcoin’s recent nosedives continued in the past 24 hours as the asset slipped below $60,000 on a couple of occasions but has managed to recover more than a grand and a half since then.

The altcoins are also slightly in the green today following the recent retracements, with DOGE, SHIB, and LINK emerging as the top gainers from the larger caps.

BTC Bounces Above $61K

It hasn’t been a good week for the primary cryptocurrency so far, and there are signs that today will be another volatile day. The asset stood above $66,000 on Sunday but began to lose value quickly in the following days.

It dropped to $63,000 on Monday, jumped to $64,000 but was pushed south to $62,000 on Tuesday, and kept declining on Wednesday and  Thursday. This culminated in dipping beneath $60,000 a few times to mark a three-week low.

However, the bulls managed to intervene after the most recent such correction and defended that coveted level. Moreover, BTC has jumped by over $1,500 since then and now stands at around $61,500.

Its market capitalization has increased by over $20 billion since yesterday and is close to $1.220 trillion on CG. Its dominance over the alts has lost some ground, though, and is down to 54.4% on CG.

Bitcoin/Price/Chart 04.10.2024. Source: TradingView

Alts in Recovery Mode

Most altcoins followed BTC on the way south, and some charted even more painful declines. However, they have managed to halt the freefalls and are actually in the green on a daily scale now.

Following 1-2% increases, ETH has neared $2,400 while BNB has tapped $550. Solana, Ripple, Tron, and Bitcoin Cash have charted similar gains overnight.

More impressive price jumps come from the likes of Dogecoin, Shiba Inu, Chainlink, Cardano, Avalanche, and others. Aptos has soared by 10% daily to almost $9, followed by BEAM (9.5%), and AAVE (9.5%).

The total crypto market cap is up by around $40 billion in a day and has increased to $2.240 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Source
Recently News

© Token Radar 2024. All Rights Reserved.
IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.