ApeCoin (APE) Returns to Top 100 Alts, Bitcoin (BTC) Maintains $68K (Weekend Watch)

Bitcoin Remains Above $68,000

Bitcoin's price action has stabilized over the weekend, as anticipated. The asset continues to trade above $68,000.

Altcoins Remain Slightly in the Red

Altcoins have experienced modest losses over the past 24 hours, but their performance for the week remains positive. ETH, SOL, BCH, and DOGE have posted impressive gains.

BTC Price Action Recap

• Last weekend, BTC recovered to $62,000 after dipping below $59,000 on Thursday.
• The week started with a surge to $64,500 on Monday and $66,500 later in the day.
• Tuesday brought further volatility, with BTC climbing to $68,000, being rejected, and then rebounding to $68,000 again by Wednesday.
• The cryptocurrency continued to rise gradually, reaching $69,000 on Friday for the first time since July.
• BTC has since lost some momentum but still trades above $68,000 and is up 8.5% for the week.

Altcoin Performance Highlights

• ApeCoin (APE) emerged as the top performer over the past 24 hours, surging over 60% after the launch of its mainnet.
• APE has returned to the top 100 largest altcoins by market cap.
• Dogecoin (DOGE) stands out as a major gainer, soaring nearly 30% since last Sunday.
• Other notable gainers include LTC (13%), BCH (9.5%), SOL (8%), and ETH (7%).

Crypto Market Overview

The total crypto market capitalization has settled at $2.450 trillion, after gaining approximately $150 billion over the week.