{"id":13496,"date":"2024-10-13T07:45:24","date_gmt":"2024-10-13T07:45:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=13496"},"modified":"2024-10-13T07:45:24","modified_gmt":"2024-10-13T07:45:24","slug":"bitcoin-calms-down-at-63k-as-aptos-apt-explodes-20-daily-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=13496","title":{"rendered":"Bitcoin Calms Down at $63K as Aptos (APT) Explodes 20% Daily: Weekend Watch"},"content":{"rendered":"

The cryptocurrency market has calmed down in the past 24 hours. Its total capitalization is around $2.29 trillion, which is more or less where it was yesterday.<\/p>\n

Bitcoin, as well as the majority of large-cap altcoins, saw relatively low volatility and are consolidating. This is expected price action during weekends when volumes are traditionally lower.<\/p>\n

Bitcoin Price Calms Down at $63,000<\/h2>\n

As we reported<\/a> yesterday, the market achieved a considerable recovery, with Bitcoin\u2019s price increasing to more than $63,000 despite its previous dip below $59,000. It appears that the rally has somewhat run out of steam.<\/p>\n

The price has been unable to continue higher and is currently consolidating around the $63K mark.<\/p>\n

<\/a>Source: TradingView<\/p>\n

From a technical standpoint, the 200-day moving average is currently located<\/a> around the $63.4K mark. This means that the current consolidation might be in preparation for another run-up.<\/p>\n

On the other hand, if the sellers return in force, the first level of support for BTC is at $61,000, where the 100-day moving average is located.<\/p>\n

Nonetheless, the lack of volatility throughout the past 24 hours is also reflected in the number of total liquidations in the derivatives market. Around $76 million worth of leveraged positions were wiped off.<\/p>\n

Aptos (APT) Leads Altcoin Gains<\/h2>\n

The broader altcoin market is also consolidating, having somewhat recovered from the drops during the previous week.<\/p>\n

Most of the large-caps are trading flat on the day, but there are some obvious exceptions, of course.<\/p>\n

<\/a>Source: Quantify Crypto<\/p>\n

Namely, this is Aptos (APT). It\u2019s up by more than 20% in the past 24 hours, making it the best performer from the top 100 cryptocurrencies by market cap. Sui (SUI) is also up by more than 10%, which is impressive.<\/p>\n

The post Bitcoin Calms Down at $63K as Aptos (APT) Explodes 20% Daily: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market has calmed down in the past 24 hours. Its total capitalization is around $2.29 trillion, which is more or less where it was yesterday. Bitcoin, as well as the majority of large-cap altcoins, saw relatively low volatility and are consolidating. This is expected price action during weekends when volumes are traditionally lower. […]<\/p>\n","protected":false},"author":0,"featured_media":13497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13496"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13496"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/13497"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}