Aptos Now Explodes 95% Weekly As Bitcoin Calms Amid $23,000

Key Points:

• Aptos has increased by 95% in that span. As a result, APT hit an all-time high of more than $13 earlier today.
• Bitcoin has now retraced a few hundred dollars and is trading at slightly under $23,000.

Most cryptocurrencies have stabilized on a daily basis. In the last seven days, Aptos APT has risen by nearly triple digits. Meanwhile, Bitcoin continued to gradually increase in value and tapped yet another multi-month high.

Bitcoin’s 2023 performance thus far stands in stark contrast to 2022 and, in particular, the conclusion of last year. Bitcoin began the new year at $16,500, and it took around a week to recoup $17,000.

As the asset surged over the next two weeks, that proved to be a strong breakthrough line. This led in BTC breaching $20,000 for the first time since December, but it just continued to rise.

The climax, at least for the time being, occurred on Saturday morning and afternoon, when bitcoin soared past $23,400. This increase not only resulted in multi-million dollar losses for over-leveraged investors but also helped BTC reach its highest price since early September.

Bitcoin has now retraced a few hundred dollars and is trading at slightly under $23,000 (22,881). Nonetheless, its market worth remains above $440 billion, and its dominance over altcoins exceeds 42%.

Meanwhile, Aptos has been one of the strongest performers since the market began to recover a few weeks ago. The last seven days have been especially amazing for the native token, which has increased by 95% in that span. As a result, APT hit an all-time high of more than $13 earlier today.

Other prominent gainers among the larger-cap alts are ApeCoin and OKB. Both have increased by almost 7% to $5.5 and $37, respectively.

Cardano is up 4% and is getting close to $0.4. The majority of the top ten cryptocurrencies are slightly in the red, retreating following yesterday’s surge.

Nonetheless, according to CoinMarketCap and CoinGecko, the overall crypto market cap is far beyond $1 trillion. Since the beginning of the year, the metric has accumulated more than $200 billion.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

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