Aptos Leads L1 Trade With 130% Gains, Bitcoin Bulls Fight For $23K, Sentiment Improves: This Week's Recap

Aptos Leads L1 Trade With 130% Gains, Bitcoin Bulls Fight For $23K, Sentiment Improves: This Week’s Recap

Aptos Leads L1 Trade With 130% Gains, Bitcoin Bulls Fight For $23K, Sentiment Improves: This Week’s RecapAptos is this week’s hottest story, gaining over 130% in seven days. Bitcoin’s dominance, however, continues increasing as BTC outperforms the altcoin market. The market sentiment continues to improve as cryptocurrencies see another week of trading in the green. The market added around $70 billion to its total capitalization, while the overall sentiment is at a 10-month high.

It’s interesting to note that Bitcoin’s dominance continues to increase. This means it fared better than altcoins in terms of price performance. The leading cryptocurrency managed to add around 9% and is now battling for the important level at $23,000. A couple of days ago, the price pushed toward $24K aggressively but was immediately rejected in what were a few hours of massive volatility.

Macroeconomic data, according to many, favors risk-on assets as inflation is slowing down, the US GDP numbers were better than expected, and today’s PCE was in line with expectations. This has, perhaps, prevented any considerable corrections in January, as the price is moving almost entirely up only.For example, ETH is up around 2%, heavily underperforming Bitcoin. BNB is about 3.4%, XRP – 3.5%, and so forth. However, others, such as ADA, MATIC, Solana, and DOT, charted increases above 10%.

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