ApeCoin (APE) Returns to Top 100 Highs, Bitcoin (BTC) Holds $68,000 (Weekend Watch)

Bitcoin price action has calmed down over the weekend, as probably expected, with the asset holding above the $68,000 level.

Altcoins have been slightly in the red for the past day, but they went through a very positive trading week, with impressive gains for ETH, SOL, BCH and especially DOGE.

BTC calms above $68,000

Last weekend was short of fireworks as BTC had recovered to $62,000 after falling below $59,000 on Thursday. Intense price movements were left for the trading week, which began with a price increase on Monday to $64,500 early and $66,500 later in the day.

Tuesday was even more volatile, with bitcoin rising to $68,000, getting rejected and pushed south by three thousand, and returning to $68,000 on Wednesday.

The major cryptocurrency continued to gradually rise in the following days, culminating in a jump to $69,000 on Friday for the first time since late July. However, it has failed to break through that level and has lost some traction since then. However, BTC is still trading above $68,000 and is up 8.5% over the past week.

Its market capitalization has calmed down by $1.350 trillion, and so has its dominance over the highs at 55.1% in CG.

Bitcoin/Price/Chart 20.10.2024. Source: TradingView APE Back to Top 100

As reported today, ApeCoin has become the best performer in the last 24 hours, having surged more than 60% on a daily basis following the launch of its mainnet. As such, APE has returned to the top 100 largest alternatives by market cap at a price of $1.2.

With most altcoins sitting quietly with minor losses over the past day, we’ll focus more on their weekly performances, where Dogecoin is in a league of its own. The OG meme coin has soared nearly 30% since last Sunday and is now trading above $0.14 following Elon Musk’s latest interactions.

Other notable gains include LTC (13%), BCH (9.5%), SOL (8%) and ETH (7%).

The total crypto market cap has calmed down at $2.450 trillion after rising roughly $150 billion weekly.

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