Coin World Report:
The price trend of Bitcoin worsened yesterday, falling to $65,000, but as of now, the asset has managed to recover most of its losses.
Apart from ADA and ETH, most altcoins also experienced a rebound, and these two tokens are currently in a loss state.
BTC reclaims $2,000
After a relatively calm weekend, the major cryptocurrency made a move at the beginning of this week, following a narrow range of $68,000 to $68,500. On Monday morning, it soared to $69,500, reaching its highest price in nearly three months.
However, the situation started to change in the following hours, and BTC found itself falling below $67,000 on the same day. Tuesday had a smaller fluctuation as the cryptocurrency remained around this level.
Bears persist
However, this led to another round of decline, causing the price to fall to $65,000 yesterday on Bitstamp. This is the lowest position for Bitcoin since October 15th.
However, the asset has since bounced back, recovering over $2,000. Its current trading price is slightly above $67,000, with a CG market cap 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 native asset of ApeCoin. After the release of the Apechain protocol, the popular meme coin exploded with a triple-digit increase on Sunday. It reached a several-month peak of $1.7 for alts in the top 100. However, it has lost some momentum since then. In the past 24 hours alone, APE has dropped by 10% and is currently struggling at $1.14.
In contrast, GOAT and SAFE have entered the top 100 after rising by 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 capitalization of cryptocurrencies is roughly the same as yesterday, slightly above $2.4 trillion.
Cryptocurrency market overview. Source: QuantifyCrypto
