Bitcoin Taps 9-Day High, BAYC’s ApeCoin Soars 30% (Market Watch)

Yesterday’s recovery saw bitcoin continue climbing and reached a 9-day high of just over $41,500. Although most altcoins are now at rest, some such as Terra, Solana and Polkadot have seen significant gains. APE remains the biggest gainer.

PeCoin Wins the Show

Altcoins were subject to more turbulence Monday, when the entire market was covered with red. Yesterday was recovery time. Most altcoins have remained in the same or increased position.

Ethereum traded at $2,900 in the correction this week, but it reclaimed $3,000 yesterday, and is now around $3,100. Binance Coin is slightly down at $420, while Ripple is at $0.75.

Cardano and Avalanche have seen minor daily increases. Solana and Terra are up more than 5%, while Polkadot is down by a little over 5%. SOL trades at $107 and LUNA at $95, respectively, while DOT trades at $19.

ApeCoin, BAYC’s newly launched native coin, is today’s top performer. The asset is currently worth more than $16 and has seen a 30% increase in value.

After falling below $1.8 trillion just two days ago, the crypto market cap has risen by $40 billion per day to $1.9 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin’s Most Recent Local Peak

After Friday’s failure to surpass $42,000, BTC’s weekend was calm. It was at $40,000, and hovered for almost 48 hours above it.

The landscape was changed when bitcoin’s largest cryptocurrency, Bitcoin Cash, suffered a sudden price drop. Bitcoin lost approximately $2,000 within hours, and plummeted to a monthly low just above $38,000.

Yesterday’s report said that BTC had recovered all its losses and touched $41,000 briefly. The asset recovered its losses and reached a nine-day high of $41,750 (on Bitstamp) earlier this morning.

BTC is currently trading at a little less than $800 billion, with its market capitalization slightly higher.

BTCUSD. Source: TradingView
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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