LINK; APT; AAVE Surge While BTC Nears $30K – (Weekend Update)

AltCoins Alt Coins

Bitcoin was on a roll, reaching a new high at $30,400 recently, but it has slipped a bit and is now just below $30,000.

Join CryptosHeadline's Official Telegram Community Channel



On the other hand, most altcoins are doing well, with LINK, APT, and AAVE standing out as today’s top performers, showing impressive double-digit price increases.

Bitcoin’s Rollercoaster Ride

Bitcoin had a wild ride on Monday when fake news about the US SEC approving a spot BTC ETF caused it to quickly go up and down by about $2,000.

But the bulls didn’t give up even after the news was revealed as fake. They kept pushing the cryptocurrency higher. It stayed above $28,000 and started moving up on Friday, eventually going above $30,000 for the first time since July.

After a short pullback, BTC made another move up on Saturday, reaching $30,400, marking a new high for the past few months.

Now, bitcoin is trading close to $30,000, and its market value is still above $580 billion. Its dominance over the altcoins has gone down a bit but is still over 51% on CoinMarketCap.

BTCUSD. Source: TradingView

Altcoins Join the Rally: Gains in the Crypto Market

During the business week, altcoins followed Bitcoin’s upward trend. On a daily basis, most of them are also seeing slight gains. Ethereum, Binance Coin, Solana, Cardano, Dogecoin, Tron, Toncoin, Polygon, and Polkadot have all seen small increases, up to 2%.

While many other mid-cap altcoins are in the green, some, like Chainlink, Aptos, and Aave, have had incredible surges. These three have all gone up by double digits, with LINK rising by 18%, APT by 14.5%, and AAVE by 14%. Thanks to these surges, the total market cap has grown by around $20 billion per day, and it’s now at $1.140 trillion on CoinMarketCap.

Cryptocurrency Market Overview. Source: Quantify Crypto


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News

Author

  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

Leave a Reply

Your email address will not be published. Required fields are marked *