Shiba

Aptos

Bitcoin

Shiba Inu

Daily

Bitcoin’s price troubles continued in the past 24 hours as the asset dropped toward $60,000 for the first time in about a week. 
Most altcoins have followed suit, with ETH, BNB, SOL, XRP, DOGE, TON, and many others declining by about 2% daily. 
<h2 id="btc-slipped-toward-60k">BTC Slipped Toward $60K</h2> 
The primary cryptocurrency bottomed last Thursday with a price slumped to just under $60,000. The bulls stepped up at this point and propelled an impressive rally that culminated on Monday morning with a surge to a multi-week peak of $64,500. 
This came after a positive end to the previous business week and a rather quiet weekend. However, the asset couldn’t keep the momentum going at this point and started to lose value gradually. 
By Tuesday and Wednesday, it had lost about three grand and <a href="https://cryptopotato.com/bitcoin-steady-at-62000-as-eigenlayer-eigen-pulls-ahead-market-watch/" data-wpel-link="internal">struggled to remain</a> above $62,000. The bears intensified the pressure earlier this morning when they drove bitcoin to a weekly low of $60,250. 
As of now, BTC has managed to defend the coveted $60,000 level and sits close to $61,000. Still, it’s 2% down on the day, and its market cap has dumped to $1.2 trillion. Its dominance over the alts, though, stands tall at just over 54%. 
<figure id="attachment_365400" aria-describedby="caption-attachment-365400" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5.png" data-wpel-link="internal"><img class="size-full wp-image-365400" src="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5.png" alt="Bitcoin/Price/Chart 10.10.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-5-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-365400" class="wp-caption-text">
 Bitcoin/Price/Chart 10.10.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="apt-dumps-hard">APT Dumps Hard</h2> 
The altcoins have mimicked BTC’s performance in the past day, which means that red dominates the charts. The larger-cap alts, such as ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, LINK, and BCH, have produced losses of about 2%. 
Shiba Inu and SUI have dropped by over 3%, while NEAR has slumped by almost 6%. WIF has dumped by a similar percentage, while APT has nosedived by 9% in a day. As a result, the asset now struggles below $8.4. 
Uniswap’s native token is among the few exceptions in the green today. UNI has risen by almost 7% and trades above $7.6. 
Nevertheless, the total crypto market cap is down by about $50 billion overnight and to $2.225 trillion on CG. 
<figure id="attachment_365407" aria-describedby="caption-attachment-365407" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333.png" data-wpel-link="internal"><img class="size-full wp-image-365407" src="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1885" height="823" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333.png 1885w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333-1024x447.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333-768x335.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333-1536x671.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-10-105333-50x22.png 50w" sizes="(max-width: 1885px) 100vw, 1885px"></a>
 <figcaption id="caption-attachment-365407" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/bitcoin-price-slumped-toward-60k-aptos-tanks-9-daily-market-watch/" rel="nofollow">Bitcoin Price Slumped Toward $60K, Aptos Tanks 9% Daily (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bitcoin Price Slumped Toward $60K, Aptos Tanks 9% Daily (Market Watch)

Table of Contents

CryptoPotato_News

Other articles published on Oct 10, 2024

US Regulators Crack Down on Crypto: $32 Billion in Settlements and Counting

Cardano hosts first smart contract legally enforceable in Argentina

The Impact of Global Market Trends on Indian Crypto Investments

SUI Price ATH Possibility Fades As Decline Below $2 Raises Concern?

Ripple debuts crypto custody solutions to support banks in managing crypto: report

South Korea’s largest crypto exchange Upbit to be probed by the FSC

Join our free newsletter for daily crypto updates!