Bitcoin settles at $63,000 as Aptos (APT) explodes 20% daily: Weekend Watch

The cryptocurrency market has subsided over the past 24 hours. Total capital is about $2.29 trillion, about the same as yesterday.

Bitcoin and most large altcoins have relatively low volatility and are consolidating in value. This is the price movement you would expect on a traditionally low-volume weekend.

Bitcoin price settles at $63,000

As we reported yesterday, the market has achieved a significant recovery, with the price of Bitcoin rising to over $63,000 despite previously falling below $59,000. The rally seemed to have lost some momentum.

The price could not continue rising any further and is currently consolidating around $63,000.

From a technical perspective, the 200-day moving average is currently near $63.4,000. This means the current share price rally could be setting the stage for further upside.

On the other hand, if the sellers return intact, BTC's first support level would be at the 100-day moving average at $61,000.

Nevertheless, the lack of volatility in the past 24 hours is also reflected in the total number of liquidations in the derivatives market. Approximately $76 million worth of leveraged positions were eliminated.

Aptos (APT) leads altcoin rally

The broader altcoin market is also recovering somewhat from the previous week's decline.

Most large-cap stocks are trading flat on the day, but there are of course some obvious exceptions.

That is, Aptos (APT). It has gained more than 20% in the past 24 hours, making it the best performer among the top 100 cryptocurrencies by market capitalization. Sui (SUI) has also increased by over 10%, which is amazing.