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Ethereum Retests $1,600, ApeCoin Skyrockets 17% Daily (Market Watch)

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The crypto markets are back in green, led by substantial gains from Ethereum, Polkadot, Avalanche, and ApeCoin.

BTCUSD. Source: TradingViewThe declining BTC dominance while bitcoin’s price has increased means that the alternative coins have performed better.

Ethereum is among the most primed examples. The second-largest crypto has been on a roll in the past ten days, and yesterday’s retracement has been erased. ETH is up by more than 8% on a daily scale and trades around $1,600 once again. BNB has gained about 5% in a day and now sits close to $270. Ripple, Cardano, Solana, Dogecoin, Polygon, Shiba Inu, Polkadot, Avalanche, and Tron have jumped in a similar fashion.

Several lower- and mid-cap altcoins are up by somewhere between 5% and 10%. ApeCoin is the most impressive performer, with a massive 17.5% surge in a day. Consequently, APE now sits close to $7. The cumulative market cap of all crypto assets has added about $40 billion in a day and is above $1.050 trillion.

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