Aptos (APT) Soars Another 36%, Bitcoin Rejected at $24K (Market Watch)

Following a few calmer days in which BTC was stuck between $22,000 and $23,000, the asset’s volatility returned, and it registered a new multi-month high at almost $24,000.

Some altcoins are well in the green today, led by Aptos’ 36% surge, and followed by ApeCoin, Solana, and others.

Bitcoin Challenged $24K

The past few weeks were highly positive for the primary cryptocurrency. It went from under $17,000 to over $23,000 within this timeframe, marking its highest price point since mid-September.

The volatility reduced at the start of this week, and bitcoin remained within a range between $22,000 to $23,000 for most of it. However, this changed in the past 24 hours, and the bulls came back to town.

They pushed the cryptocurrency north by over $1,000 at one point as bitcoin went from under $22,500 to $23,800 in a matter of hours. Somewhat expectedly, the latter became the new highest price level in over four months.

However, BTC failed to continue upwards and was driven back down to $23,000, where it sits now as well. Its market capitalization has reclaimed $440 billion, while its dominance over the alts has taken a slight hit, but it’s still above 42%.

BTCUSD. Source: TradingView

APT’s Show Continues

Although the Aptos network was launched at the peak of the bear market last year, the native token’s performance for the past several weeks has been nothing short of extraordinary.

For the past seven days alone, APT is up by over 130%, which was helped by another 36% surge since yesterday. As a result, it tapped a new all-time high above $18 earlier today.

ApeCoin is another notable gainer today, rising by roughly 10%. Consequently, APE has reclaimed $6.

FIL, LDO, NEAR, and AXS are also well in the green from the mid-cap alts. The larger caps are slightly more modest in their daily increases, with only Solana popping out with a 5+% jump.

Nevertheless, Ethereum has tapped $1,600 once again, while Cardano and Polygon have risen by about 4%.

The total crypto market cap has recovered $25 billion daily and is back to $1.050 trillion on CMC.

Cryptocurrency Market Overview. Source: Quantify Crypto

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