Uniswap and Aptos are shaking things up today!
Bitcoin had a bit of a roller coaster ride recently, plummeting to a low of $66,500 but bouncing back a bit. Meanwhile, most altcoins are seeing red, with Ethereum and Binance Coin slipping about 3%.
Bitcoin had a stellar week last week, thanks to some jaw-dropping inflows into spot Bitcoin ETFs. It shot up from $62,500 to $69,000 in just a few days! The weekend brought a bit of calm, with BTC holding steady above $68,000. Monday kicked off with a bang, pushing Bitcoin to a high of $69,500, its best since late July.
Just as everyone was gearing up for a $70,000 triumph, the mood shifted, and Bitcoin took a tumble, losing about $3,000 in hours, hitting $66,500. This coincided with the first ETF outflows in weeks.
Currently, Bitcoin is hovering around $67,000, down 2% for the day. Its market cap has slipped to $1.325 trillion, holding a 54.5% dominance over altcoins.
The altcoin scene isn't faring much better, with Ethereum and Binance Coin both struggling below $2,650 and $600, respectively. Other cryptos like AVAX, SHIB, and BCH are also feeling the pinch, while SOL, XRP, DOGE, TON, and ADA are seeing smaller losses. SUI and TAO are taking the hardest hits among the bigger alts.
But it's not all doom and gloom! Aptos is on a roll, jumping over 9% to trade above $11, and Uniswap isn't far behind, climbing 6.5% to over $8.
The overall crypto market cap has shed more than $50 billion since yesterday, now sitting at $2.430 trillion. Hang on tight, it's a wild ride out there!
