Aptos (APT) surged over 20% to surpass $1 on Wednesday, driven by a broader altcoin rally and Bitcoin's sharp rise above $69,000. The altcoin's price increase coincided with a 54% jump in intraday trading volume to over $105 million, as bulls capitalized on gains from recent lows of $0.79.
The broader cryptocurrency market saw significant momentum, with Bitcoin climbing to $69,400, marking an 8% increase in 24 hours. Ethereum also rose 11% to over $2,064, while other major altcoins like Polkadot, Avalanche, and Uniswap posted double-digit gains. The market's positive sentiment followed US President Donald Trump's State of the Union address and anticipation of Nvidia's earnings.
Despite the bullish trend, analysts remain cautious, noting that Aptos is still below key moving averages, with potential resistance at $1.20-$1.45. However, the recent ecosystem growth and interest in real-world assets and stablecoin adoption could support further gains for Aptos.
Aptos Price Soars 20% Amid Bitcoin and Altcoin Rally
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