Aptos (APT) Rise 32%, Bitcoin Stabilizes on Low Volume (Weekend Hour)

Bitcoin continues to trade without any significant movement in either direction with low trading volumes, similar to the previous weekends.

Most altcoins are also quiet, with ETC and APT being one of the few exceptions with notable gains.

Bitcoin Stalls at $19,000

The past seven days have been significantly less volatile than the previous week, with BTC moving from $19,000 to $18,200 and even $20,000 in 24 hours following the release of the latest US CPI figures.

But the asset failed to break the coveted $20,000 line and reverted back to a familiar sight of $19,000. She spent the last weekend there as well as Monday. It tried to rally on Tuesday with a price jump to $19,600, but it got stuck again.

The scenario was repeated on Thursday. However, this rejection pushed BTC south strongly, with the asset dropping to a 9-day low at $18,600, and rebounding fairly quickly back to $19,000 by the end of the week.

The lower trading volumes led to another quiet trading day, with the cryptocurrency remaining at just over $19,000. Its market capitalization is still $367 billion, while its dominance of alternatives is inches away from 40%.

BTCUSD. Source: TradingView

APT steals the show

The landscape of most altcoins is similar to that of bitcoin, which means that there are very few price movements that are very significant.

Almost all major altcoins have small profits. These currencies include Ethereum, Binance Coin, Ripple, Cardano, Solana, Dogecoin, Polkadot, MATIC, Tron and Avalanche. Shiba Inu at a slight loss.

Ethereum Classic stands out as the best player from the majors. It is up 6.5% on the day and is trading above $23.

On the other hand, Aptos is up 32% daily. As a result, the newly launched blockchain network’s original cryptocurrency is close to $10.

However, these gains did not push the market capitalization of the cryptocurrency market higher, where the metric is around $920 billion.

An overview of the cryptocurrency market.  Source: Quantify Crypto
An overview of the cryptocurrency market. Source: Quantify Crypto

Aptos (APT) Skyrockets Back 32%, Bitcoin Still Flat on Low Volume (Weekend Watch) debuts on CryptoPotato.

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