Aptos leads L1 trade with 130 % profit, Bitcoin bulls fight for $ 23,000, mood improves: The summary of this week

Aptos leads L1 trade with 130 % profit, Bitcoin bulls fight for $ 23,000, mood improves: The summary of this week

The market mood continues to improve because cryptocurrencies experience another trade week in the green area. The market added around $ 70 billion to its total capitalization, while the general mood is at a 10-month high.

It is interesting to determine that Bitcoin dominance continues to increase. This means that it does better in terms of price performance than old coins. The leading cryptocurrency was able to grow around 9 % and is now fighting for the important level at $ 23,000. A few days ago the price rose aggressively towards $ 24,000, but was rejected immediately in a few hours of massive volatility.

Macroeconomic data favors many risk systems, since inflation slowed down, the US BIP numbers were better than expected and today's PCE met expectations. This may have prevented significant corrections in January, since the price is almost exclusively upwards.

This was not the case with many old coins.

For example, ETH has increased by about 2 % and is therefore significantly below the performance of Bitcoin. BNB is around 3.4 %, XRP is 3.5 % and so on. Others such as Ada, Matic, Solana and Dot recorded increases of over 10 %.

That brings us to the hottest story of this week - aptos. In fact, APT has dominated all the month and recorded a massive increase of 400 % in the last 30 days. It has increased about 130 % in the last week alone. Here are a few reasons why that could be.

Overall, the market continues to point upwards. It remains very interesting to see whether this will continue or whether the more general fear of a macroeconomic downturn will pull it down in the coming weeks.

market data

Market capitalization: $ 1085 billion | 24h volume: 69b | BTC dominance: 41 %

Bitcoin: 23.091 $ (+9.5 %) | ETH: $ 1,584 (+2.4 %) | bnb : $ 305 (3.4%)

The crypto headlines this week that you are not allowed to miss

3 reasons why aptos exploded by 400 % in 30 days. aptos is the leading cryptocurrency in terms of total price development this week, at least among the larger caps. Here are three possible reasons why it has increased by 400% in the last 30 days.

Today in 2014: Ethereum was announced by Vitalik Buterin on BitcoinTalk. Nine years ago Vitalik Buterin Ethereum presented for the first time in the BitcoinTalk forum. One can certainly say that the project has become one of the most important in the industry almost a decade later.

BTC Fear and Greed Index shows “greed” for the first time in 10 months. For the first time in 10 months, the fear and greed index of Bitcoin showed "greed". This is an indication of the improving market mood according to the recent rally of the BTC Prize.

The FTX creditor list includes Apple, Google, Amazon, WSJ and even the Australian government. A recently submitted court file revealed that the list of companies that owes FTX money, Apple, Google, Amazon, the Wall Street Journal and even the Australian government, but is not limited to it.

Robinhoods Twitter chopped, used to advertise scam tokens. The Twitter account of the popular retail-oriented trading platform Robinhood was hacked at the beginning of this week. It was used to promote a scam token.

dydx extends the blocking period of 156 million tokens by 10 months. The decentralized cryptocurrency exchange - Dydx - has postponed its plans to unlock around 156 million token for another 10 months. This drove the price of his local cryptocurrency up in one day by a whopping 24 %.

diagrams

This week we have a chart analysis from Ethereum, Ripplecardano, Aptos and Binance Coin - click here for full price analysis.

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