CandleFocus APE, RAY, SPX6900 outperformed market as BTC traded sideways
2024-10-26
Author: Content Editor
Bitcoin traded sideways throughout the week as traders awaited US election results and upcoming economic data. Meanwhile, several altcoins, including APE, RAY, and SPX6900, saw significant gains as liquidity shifted into the altcoin market. Bitcoin bounced back above $68,000 but mostly held steady between $66,000 and $69,000. The next key events that could drive Bitcoin's rally are the personal spending report on October 31, the jobs report on November 1, and the Federal Reserve's interest rate decision on November 7. Despite Bitcoin's slow movement, both whales and retail traders continued to accumulate. If Bitcoin fails to hold above $68,000, analysts anticipate a potential drop to $65,000. The top gainers of the week were ApeCoin (APE), Raydium (RAY), and SPX6900 (SPX), with APE performing the best due to the launch of a Layer-3 blockchain network.
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