ApeCoin APE Drops 10 After Recent Rebound Bitcoin BTC Recovers 2K Daily Market Observation

Coin World reported:
The price trend of Bitcoin worsened yesterday, falling to $65,000, but so far, the asset has managed to recover most of the losses.
Apart from ADA and ETH, most altcoins also experienced a rebound, and both of these tokens are currently in a loss state.
BTC reclaims $2,000
After a relatively calm weekend, the major cryptocurrency started its attack at the beginning of this week, following a narrow range of $68,000 to $68,500. On Monday morning, it surged to $69,500, reaching its highest price in nearly three months.
However, the situation started to change in the following hours, as BTC found itself falling below $67,000 on the same day. Tuesday saw smaller fluctuations as the cryptocurrency remained around this level.
Bears still persistent
However, this led to another round of decline, resulting in yesterday’s price drop to $65,000 (on Bitstamp). This is the lowest position for Bitcoin since October 15th.
However, the asset has since recovered over $2,000. It is currently trading slightly above $67,000, with a market capitalization of $1.326 trillion. Its dominance over alts has also increased to 54.9%.
Bitcoin/Price/Chart 24.10.2024. Source: TradingView
APE downhill
The biggest winner over the weekend was undoubtedly the native asset of ApeCoin. Following the release of the Apechain protocol, the popular meme coin exploded by triple digits on Sunday. It reached a several-month peak of $1.7 for alts in the top 100. However, it has lost some momentum since then. In the past 24 hours alone, APE has dropped by 10% and is currently struggling at $1.14.
In contrast, GOAT and SAFE have entered the top 100 after rising by 32% and 79% respectively in the past day. POPCAT soared by 17%, followed by MEW (12%), JUP (8%), and PYTH (6.6%).
Cardano, Ethereum, Shiba Inu, and Chainlink are in the red among the large-cap stocks, while SOL, BNB, TRX, SUI, and UNI have turned green.
The total market capitalization of cryptocurrencies is roughly the same as yesterday, slightly exceeding $2.4 trillion.
Cryptocurrency market overview. Source: QuantifyCrypto