• Aptos (APT) surged 36% in the past 24 hours, setting a new ATH.
• Bitcoin attempted to break the $24K resistance but was rejected, continuing to trade between $22,000 and $23,000.
• Other altcoins, such as ApeCoin, Solana and others, followed Aptos’ lead, registering significant gains.
In the past 24 hours, Aptos (APT) has soared an incredible 36%, setting a new all-time high (ATH) and leading the rest of the cryptocurrency market. This surge comes after a few days of calmer trading, during which Bitcoin was stuck between $22,000 and $23,000. The asset’s volatility has finally returned, and it attempted to break the $24,000 resistance. However, it was ultimately rejected, and BTC is now trading between the aforementioned price range.
Altcoins have also followed Aptos’ lead, with ApeCoin, Solana and others registering significant gains. ApeCoin surged 14%, while Solana saw an impressive 20% surge in the past 24 hours. Additionally, Ethereum and Litecoin have also experienced gains, although not nearly as significant as those of Aptos and its peers.
As a result of this market movement, the overall market cap of the cryptocurrency space has grown significantly. It is currently standing at $625 billion, a new ATH and a clear indication of the bullish market sentiment.
It appears that the crypto market is gaining traction and could be in for a long-term bull run. This is evidenced by the fact that ATHs are being set on a regular basis, as well as the impressive gains of altcoins. It remains to be seen how long this uptrend will last and how high the market can go. For now, it is safe to say that the crypto market is in a very healthy state.