By Franklin Smith
ApeCoin led the day’s gainers as the past 24 hours saw APE surpassing $16. Bitcoin and other alt also recorded slight daily surges.
Yesterday’s decent recovery saw BTC extending the leg-up over the next 24hour to touch a nine-day peak beyond $41.5K. Though most alt stayed calm today, the likes of Polkadot, Terra, and Solana charted substantial increases. However, APE leads the upside journey.
ApeCoin Leads the Pack
The altcoin market saw intensified turbulence on Monday as the entire market witnessed a bloodbath. However, yesterday revealed recoveries, and most alt went green. The early session of the week had Ethereum exploring the $2,900 area.
However, Tuesday’s improved mode brought the $3,000 level into play. ETH traded at $3,122.21 at this publication, gaining 2.44% from the previous day.
Ripple’s XRP and BNB hover briefly in the red, standing at $0.75 and $420. Slight daily increases came from Cardano, Shiba Inu, Avalanche, and Dogecoin. Solana, Polkadot, and Terra surged over 5% to hover at $107, $19, and $95, respectively.
The latest token by BAYC, ApeCoin, is the best performer today. The alt surged more than 30% over the past day. While publishing this content, APE traded at $16.99.
The crypto market capitalization stays well beyond $19 trillion following a nearly 40% increase. The metric plummeted beneath the $1.8 trillion 48 hours ago.
Bitcoin’s Latest Local High
Bitcoin saw calm sessions over the weekend after the leading crypto failed to overcome $42K on Friday. The crypto had plunged towards $40K and stayed there for nearly two days.
However, Monday sessions saw the landscape changing, triggering southbound actions for BTC. The leading crypto lost approximately $2,000 within hours, dipping towards monthly lows beyond the $38,000.
Nevertheless, Bitcoin recovered from all the losses and even explored the $41,000. Though the first attempt failed, the crypto reclaimed the zone before climbing towards $41,750, 9-day highs early on Wednesday (Bitstamp data).
While publishing this content, BTC traded at $41,749, following a 2.40% surge over the past 24 hours. The asset’s market cap nears the $800B level.
What are your thoughts about the ongoing market recovery? Will the upside last? You can comment in the section below.