Bitcoin Calms at $63,000 as Aptos (APT) Explodes 20% Daily – Weekend Watch

The cryptocurrency market has calmed down in the last 24 hours. Its total market capitalization is about $2.29 trillion, which is roughly where it was yesterday.

Bitcoin, as well as most large-cap altcoins, saw relatively low volatility and are consolidating. This price action is expected during weekends when volumes are traditionally lower.

Bitcoin price calms down at $63,000

As we reported yesterday, the market made a considerable recovery, with the price of Bitcoin rising to over $63,000 despite its earlier dip below $59,000. The rally seems to have fizzled out a bit.

The price could not continue higher and is currently consolidating around $63,000.

Source: TradingView\

From a technical standpoint, the 200-day moving average is currently around $63.4K. This means that the current consolidation could be in preparation for another phase.

On the other hand, if the sellers come back in force, the first support level for BTC is $61,000, where the 100-day moving average is located.

However, the lack of volatility over the past 24 hours is also reflected in the number of total liquidations in the derivatives market. About $76 million of leveraged positions were eliminated.

Aptos (APT) leads altcoin gains

The broader altcoin market is also consolidating, having recovered somewhat from the previous week’s declines.

Most large caps trade flat on the day, but there are some obvious exceptions, of course.

Source: Quantify Crypto

That is, this is Aptos (APT). It is up more than 20% in the last 24 hours, making it the best performer among the top 100 cryptocurrencies by market capitalization. Sui (SUI) is also up over 10%, which is impressive.

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