CoinWorld reported:
The price trend of Bitcoin deteriorated again yesterday, falling to $65,000, but so far, the asset has managed to recover most of the losses.
Except for ADA and ETH, most altcoins also rebounded, and these two tokens are currently in a loss state.
BTC reclaims $2,000
After a relatively calm weekend, the major cryptocurrency began its attack at the beginning of this week, following a narrow range of $68,000 to $68,500. On Monday morning, it soared to $69,500, the highest price in nearly three months.
However, in the following hours, the situation began to change, and BTC found itself falling below $67,000 on the same day. Tuesday’s volatility was relatively small as the cryptocurrency remained at this level.
Bears persist
However, this has led to another round of declines, resulting in the price falling to $65,000 (on Bitstamp) yesterday. This is the lowest position for Bitcoin since October 15.
However, the asset has since recovered more than $2,000. Its current trading price is slightly above $67,000, with a CG market value of $1.326 trillion. Its dominance over alts has also increased to 54.9%.
Bitcoin/Price/Chart 24.10.2024. Source: TradingView
APE downhill
The biggest winner over the weekend was undoubtedly the local asset of ApeCoin. After the release of the Apechain protocol, the popular meme coin exploded by triple digits on Sunday. It reached a multi-month peak of $1.7 for alts in the top 100. However, since then, it has lost some momentum. In the past 24 hours alone, APE has fallen by 10% and is currently struggling at $1.14.
In contrast, GOAT and SAFE have entered the top 100 after rising 32% and 79% respectively in the past day. POPCAT surged by 17%, followed by MEW (12%), JUP (8%), and PYTH (6.6%).
Cardano, Ethereum, Shiba Inu, and Chainlink are in the red among the large-cap stocks, while SOL, BNB, TRX, SUI, and UNI have turned green.
The total market value of cryptocurrencies is roughly the same as yesterday, slightly above $2.4 trillion.
Cryptocurrency market overview. Source: QuantifyCrypto
