Bitcoin News

While Bitcoin struggles below $17k region ApeCoin and Algorand 7% and 10% respectively

On Saturday trade volumes, Bitcoin is still unable to surpass $17,000 and struggles below that level.

Today, the majority of alternative games have made very few or no significant changes. One of the few exceptions is Algorand.

The previous week was very different from this one because of the sudden collapse of FTX, which caused bitcoin to endure some of its most dramatic price losses. The asset had a quick decline from above $21,000 to under $16,000, setting a fresh two-year low.

At this moment, the bulls attempted to take control and drove BTC up to about $18,000. This past Monday, it failed there and dropped back below $17,000. Since then, it has fluctuated just slightly, hovering around $17,000 but failing to surpass that level.

APECOIN and ALGO Rages On 

Most larger-cap alternative stocks are marginally in the negative on a daily basis. Included in this list are Binance Coin, Ripple, Dogecoin, Cardano, Polygon, Polkadot, Shiba Inu, and – quite predictably – Solana. SOL has had one of the worst track records ever since the Alameda-FTX saga started.

With a notable 7% daily increase, OKB is one of the few exceptions from the larger-cap alternative stocks. The asset is currently trading above $20 as a result.

Another huge gainer is Algorand. Overnight, ALGO gained about 10% and surpassed $0.3. On the other hand, ApeCoin has increased by about 7%.

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