Aptos

Bitcoin

when

Gains

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.
<h2 id="bitcoin-price-calms-down-at-63-000">Bitcoin Price Calms Down at $63,000</h2>
As we <a href="https://cryptopotato.com/bitcoin-price-rockets-to-63k-but-this-viral-meme-coin-takes-center-stage-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">reported</a> yesterday, the market achieved a considerable recovery, with Bitcoin’s 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.
The price has been unable to continue higher and is currently consolidating around the $63K mark.
<figure id="attachment_365953" aria-describedby="caption-attachment-365953" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-365953" src="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50.png" alt="" width="3250" height="1586" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50.png 3250w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50-2048x999.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD_2024-10-13_10-34-50-50x24.png 50w" sizes="(max-width: 3250px) 100vw, 3250px"></a>
 <figcaption id="caption-attachment-365953" class="wp-caption-text">
 Source: TradingView\
 </figcaption>
</figure>
From a technical standpoint, the 200-day moving average is currently <a href="https://cryptopotato.com/bitcoin-price-analysis-the-2-most-probable-scenarios-for-btc-in-the-short-term/" data-wpel-link="internal" rel="noopener noreferrer nofollow">located</a> around the $63.4K mark. This means that the current consolidation might be in preparation for another run-up.
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.
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.
<h2 id="aptos-apt-leads-altcoin-gains">Aptos (APT) Leads Altcoin Gains</h2>
The broader altcoin market is also consolidating, having somewhat recovered from the drops during the previous week.
Most of the large-caps are trading flat on the day, but there are some obvious exceptions, of course.
<figure id="attachment_365954" aria-describedby="caption-attachment-365954" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-365954" src="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44.png" alt="" width="3328" height="1534" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44.png 3328w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44-300x138.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44-1024x472.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44-768x354.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44-1536x708.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44-2048x944.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-13-at-10.39.44-50x23.png 50w" sizes="(max-width: 3328px) 100vw, 3328px"></a>
 <figcaption id="caption-attachment-365954" class="wp-caption-text">
 Source: Quantify Crypto
 </figcaption>
</figure>
Namely, this is Aptos (APT). It’s 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.
The post <a href="https://cryptopotato.com/bitcoin-calms-down-at-63k-as-aptos-apt-explodes-20-daily-weekend-watch/" rel="noopener noreferrer nofollow">Bitcoin Calms Down at $63K as Aptos (APT) Explodes 20% Daily: Weekend Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

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

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