Bitcoin Reclaims $61K, Aptos Gains 10% in Daily Market Watch

Bitcoin’s recent decline has persisted over the last 24 hours, dipping below $60,000 multiple times before managing to recoup over $1,500 since then.

Altcoins have also shown slight upward movement today after recent setbacks, with DOGE, SHIB, and LINK emerging as the leading gainers among the larger market caps.

BTC Surges Above $61K

This week has not been favorable for the leading cryptocurrency, and indications suggest today may bring further volatility. The price was above $66,000 on Sunday but began to drop sharply in the subsequent days.

On Monday, it fell to $63,000, rebounded to $64,000 before sliding to $62,000 on Tuesday, and continued its decline into Wednesday and Thursday. This downward trend resulted in multiple drops below $60,000, marking a three-week low.

Fortunately, bulls stepped in after the latest correction, managing to uphold that critical price point. In addition, BTC has surged by more than $1,500 since then, currently hovering around $61,500.

The asset’s market capitalization has risen by over $20 billion since yesterday, approaching $1.220 trillion on CG. However, its dominance over altcoins has diminished slightly, now sitting at 54.4% according to CG.

Altcoins on the Mend

The majority of altcoins mirrored BTC’s downward trend, with some experiencing even steeper declines. However, they have managed to reverse the downward momentum and are now showing positive gains on a daily basis.

After increases of 1-2%, ETH is approaching $2,400, while BNB has reached $550. Other cryptocurrencies, including Solana, Ripple, Tron, and Bitcoin Cash, have shown similar overnight recoveries.

Noteworthy price gains have been observed in Dogecoin, Shiba Inu, Chainlink, Cardano, Avalanche, and others. Aptos has skyrocketed by 10% daily to nearly $9, followed closely by BEAM (9.5%) and AAVE (9.5%).

The overall cryptocurrency market capitalization has risen by approximately $40 billion in a day, now totaling around $2.240 trillion on CG.