CandleFocus

Bitcoin Calms Down at $63K as Aptos (APT) Explodes 20% Daily: Weekend Watch

Author: Content Editor
The cryptocurrency market has remained relatively stable over the past 24 hours, with a total capitalization of around $2.29 trillion. Bitcoin and other major altcoins are experiencing low volatility and consolidating, which is typical for weekends when trading volume is lower. While Bitcoin recently experienced a recovery, reaching over $63,000, its price has been unable to continue rising and is currently consolidating around the $63K mark. The 200-day moving average suggests that this consolidation may be preparing for another price increase, but if sellers gain strength, the first level of support for Bitcoin is at $61,000. The lack of volatility has also resulted in $76 million worth of leveraged positions being liquidated in the derivatives market. Meanwhile, the broader altcoin market has also recovered somewhat from previous drops, with most large-cap altcoins trading flat. Two exceptions are Aptos (APT), which has seen a 20% increase in the past 24 hours, and Sui (SUI), which has risen by over 10%.

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