BTC Rejected At $40K While Nexo Soars After Binance Listings

BTC rejected at $40K once again as Nexo soars after the Binance listing, making the biggest waves from the top 100 coins as we can see more today in our latest altcoin news.

Nexo soared the most while BTC rejected at $40K and stopped in its tracks so now it sits below it. Apecoin went on to register similar highs amid the growing anticipation for Otherside while Nexo made double digits after a listing on the world’s biggest exchange. The enhanced volatility on the market continued over the past day and the recent high fluctuations which started on April 25, were when BTC challenged the $41,000 level and got rejected. As a result, the asset dropped by $3000 and crashed below $38,000 for the first time since March.

It went even further during yesterday’s trading day and spiked above this coveted level but that was short-lived as it dropped below it almost right away. As of now, BTC stands at $39,500 and the market cap is still around $750 billion. The altcoins faced a similar price movement in the past few days with most of them being in the red on the weekly scale. Ethereum traded above $3000 last week but then dropped below $2800 and reacted well to the price drop so now they stand above $2900.

Binance Coin went below $400 and stood there a day ago but the minor daily increase pushed the coin north of the line. Ripple, terra, Cardano, Solana, DOGE, AVAX, sHIB, and CRO are all in the Red while Near Protocol lost the most from the bigger cap altcoins. ApeCoin continues to register new heights and tapped a new high above $22 while Nexo is another impressive performer after the listing on Binance which made it surge by 15%. the crypto market remained still and above $1.8 trillion.

As recently reported, Among the top 100 coins, Secret gained on the news of the upcoming privacy-focused productivity suite and Apecoin became the biggest metaverse token after surging 7% to trade at $19.10 and pushed to seven-day gains of over 22%. This comes a week after BAYC creator Yuga Labs announced it will be launching an Otherside metaverse and since then, Apecoin as the standard currency required in Otherside, became the biggest token by market cap in the metaverse, surging ahead of SAND, AXS, and MaNA.