.png){kind=logo}
The volatile Bitcoin price action has sent shockwaves across the whole crypto market. Last night's 15% flash crash in BTC triggered a massive sell-off in Ethereum price as the digital asset tagged the fresh weekly lows of $3,200. However, the dip was short-lived as crypto markets in general and WIF, UNI, and APT prices in particular have posted fresh weekly highs.
The volatility also embraced all ten spot Bitcoin ETFs as they collectively experienced a record daily trading volume of $10 billion. BlackRock's BTC ETF, listed with the IBIT ticker on the NASDAQ exchange, emerged as the market leader with a new individual record high volume of $3.8 billion.
A look at the top 100 coins by market capitalization reveals that Dogwifhat is leading the gains with a 19.5% rally in the last 24 hours. Uniswap (UNI) and Aptos (APT) are following with 16.4% and 13.3% upticks in the same duration. These coins have outperformed Bitcoin and are looking poised to post more gains soon.
The Solana-based popular dogcoin, Dogwifhat, was listed on Binance yesterday, which is the world's biggest crypto exchange. However, the seller took the opportunity to capture the liquidity and the price crashed 48.5%. The buyers were quick to scoop up cheap coins at the $1 mark, pushing the WIF price higher once again.
As a result, WIF/USD is trading at a new all-time high of $2.16 on Wednesday morning as the focus shifts to the dog-themed memecoin again. As shown in the chart below, WIF is attempting to break out above the broadening wedge pattern. A successful breakout may send the price above $2.5 very soon, where lies the 1.618 Fib retracement level.
Another altcoin that has captured the attention of the market participants is the native asset of Uniswap Dex, UNI. The DeFi cryptocurrency has outperformed BTC price by 11% today. At press time, it is changing hands at $15.69, its highest level in the last two years.
The weekly chart points toward a retest of the $17.70 resistance in the coming days. However, if the momentum is sustained, a retest of $20 is also likely.
APT is the native cryptocurrency for Aptos, which is a smart contract platform. APR price showed great strength in last night's drop in crypto markets. Since then, the price has formed fresh monthly highs around $14.55. This also marked a retest of the weekly resistance, as mentioned in the following chart. Aptos price prediction will flip bullish if it breaks above the $14.69 resistance level.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
