Bitcoin Drops to 9-Day Low, ApeCoin Rises 7% (Weekend Watch)

Bitcoin’s fight to stay above $19,000 didn’t go so well yesterday, as the asset fell to a 9-day low of $18,600 before bouncing off.

Altcoins also went through similar price movements, but most are slightly in the green on a daily scale, including APE’s remarkable rise.

Bitcoin’s New Local Low

Ever since the end of the last working week, bitcoin had calmed down after the storm and stood at around $19,000. It spent most of the weekend there, and Monday was no exception.

Only as Tuesday approached did the asset go on the offensive, rising to $19,600. It was stopped there at first, but it started a new leg up a day later. But to no avail again as the bears pushed it south.

As such, BTC came back to a familiar area around $19,000 and started to fight for it. Yesterday, however, the cryptocurrency took a sharp dive below this level and fell to $18,600, which became the lowest price tag since the massive volatility on October 13.

However, the asset reacted well to this drop, bounced back and is now inches above $19,000 again. The market value is 365 billion dollars, while the dominance over altcoins is tight at 40%.

ApeCoin stands out

Most altcoins experienced a similar end to the work week, but have regained some ground as Saturday arrived.

Ethereum is near $1,300 after a minor 24-hour price increase. Binance Coin, Cardano, Dogecoin, MATIC, Shiba Inu and Uniswap have seen similar price pumps in a day.

Ripple and Avalanche have added a bit more value – up to 4% daily. As a result, XRP is trading at $0.46, while AVAX is above $15.

ApeCoin stands out as the most impressive winner from the mid-cap alts. APE is up 6.5% daily, which has pushed it to almost $4.5.

The total market cap for crypto has regained a few billion in a day and stands at $920 billion, according to data from CoinMarketCap.