Weekend Watch: BTC Below $40K, ApeCoin Soars 14% Ahead of Otherside Sale

Bitcoin has fallen again short of $40,000, and is now at $39,000. While most altcoins are in the red, ApeCoin continues its remarkable rise ahead of its highly anticipated Otherside sale.

Bitcoin Struggles Below 40K

Bitcoin saw an incredible leg up on April 25, adding almost $3,000 in just hours. After its recent plunges, bitcoin soared to nearly $41,000.

But, the price rise was temporary as the bears drove the cryptocurrency south once again. BTC traded below $38,000 for its first time in six weeks.

Bitcoin bounced back to $40,000. Although it briefly exceeded that mark, the bearish sentiment in crypto markets drove it further south. BTC trades at $39,000 and its market capitalization is well below $750 billion as of right now.

BTCUSD. Source: TradingView
PeCoin Destroys Market Sentiment

Altcoin has not seen much in the last few days, and the reddish landscape only confirms that.

Ethereum reached $3,000 just a few days back, but it has not remained there. It dropped to $2,900 yesterday and has fallen 3% since then to just above $2,800.

Binance Coin (-2%) is less than $400, while Solana dropped well below $100 following a 3.5% daily decrease.

Terra, Terra, Polkadot and Shiba Inu all are in the red. NEAR Protocol, MATIC and Avalanche have also lost substantial amounts of value, up to 6%.

ApeCoin continues outperforming the rest of market. APE continues to rise as people anticipate its Otherside sale. It has now risen by 13% and is close to its new record high of $27.

Despite the fact that most alts are in the red, crypto market cap has fallen by $50 billion to just $1.8 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
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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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