Bitcoin price is hovering around $19,000 and has yet to climb higher. It tumbled to $18,600, its lowest point in nine days, before it was able to bounce back to its current level.
Altcoin has always moved in line with the Bitcoin price, but ApeCoin seems to have reversed the course and performed better during this period.
Bitcoin hits low
Over the past week, Bitcoin has been low volatility and is trading at $19,000, moving to $19,600 for a while and then falling back.
Bitcoin fell to the $18,600 level yesterday after having been stable at $19,000 for a while. It is the first time Bitcoin price has experienced high volatility since October 13, 2022.
But even after Bitcoin fell to $18,600, it was able to recover back to the $19,000 level. Bitcoin market share is now 40%.
ApeCoin Price Rises
Most altcoins don’t move very differently than Bitcoin.
The price of Ethereum is still hovering around $1,300, up slightly over the past 24 hours. Binance Coin, Cardano, Dogecoin, MATIC, Shiba Inu and Uniswap have all followed similar prices.
Ripple and Avalanche prices are up nearly 4%, with XRP trading at $0.4591 and AVAX at $15.67.
The price of ApeCoin has increased by more than 6% in the past 24 hours, currently priced at $4.47.
Overall, the crypto market rose slightly to around $920 billion. Reference information from CoinMarketCap
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