Lido (LDO) and Aptos (APT) Soar by 7%, BTC Remains Shaky at $27K (Market Watch)

The past 24 hours saw another drop in bitcoin that pushed it south to its lowest price position in a week, but the asset managed to erase those losses in the hours that followed.

Altcoins are slightly in the green on a daily scale now, with ETH approaching $1,900, while ADA and XRP are up 2-3%.

Unconfirmed BTC at $27K

Since it hit a two-week high of $28,500 this week, Bitcoin’s performance has been quite disappointing. The cryptocurrency first fell to $28,000 in a day or so before dropping another significant amount on Wednesday.

After a failed attempt to conquer $27,500, the asset started rapidly losing value again on Thursday and fell to $26,600. Another multi-day low came in the last 24 hours when it fell to $26,500 (on Bitstamp).

However, the bulls were able to intercept this move and pushed bitcoin north by more than $500. As such, BTC is now trading above $27,000, and its market capitalization has risen to $525 billion.

But its dominance among altcoins took another hit and fell to 46% after surpassing 46.5% last week.

High jump FIL, LDO, APT

Most of the altcoins also fell during the work week but have turned green on a daily scale now. Ethereum fell to $1,850 yesterday, but a 2% increase since then has pushed the second-largest cryptocurrency close to $1,900 so far.

Binance Coin fell below $305 but is now standing above it after a 1% injection. Ripple, Cardano, Dogecoin, Polygon, Solana, Litecoin, Tron, Polkadot, and Avalanche have also been found in the green from significant drips, in some cases by as much as 3%.

The most impressive gains are coming from the likes of Filecoin, Lido Dao, Aptos, and Arbitrum. All of the above has increased by between 5-8% on a daily scale.

As such, the cumulative market capitalization of all crypto assets has recovered around $20 billion from the recent losses and stands at $1.140 trillion now.