Weekend Watch: ApeCoin Up 7%, Algorand Soars 10%

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Weekend Watch: ApeCoin Up 7%, Algorand Soars 10%
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Algorand is today's top performer from the top 100 coins, with a 10% daily increase.

Algorand is today’s top performer from the top 100 coins, with a 10% daily increase.

Bitcoin continues to be unable to conquer $17,000 and struggles beneath that line on low Saturday trading volumes. Most alts are quite stagnant today, with little-to-no substantial moves. Algorand is among the few exceptions.The past week was significantly different that the previous one, in which bitcoin experienced some of its most violent price declines following the rapidof FTX. In a matter of days, the asset went from over $21,000 to under $16,000 to mark a new two-year low.

However, the bulls tried to intervene at this point and pushed BTC north to around $18,000. It failed there and returned back down below $17,000 this past Monday. Since then, it has remained relatively calm, around $17,000, but failed to breach that level despite its numerous attempts.of $17,000. As of now, BTC stands a few hundred dollars away from that line, meaning that its market cap is still struggling to stay above $320 billion.

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