Shiba Inu and Aptos Lead the Market Charge as BTC Stays Above $70k

TL;DR

• SHIB and APT are the best performers amongst the top 30 cryptocurrencies by market cap.

• BTC continues to trade above $70k despite the KuCoin indictment.

APT and SHIB Rally by 8%

SHIB and APT, the native coins of the Shiba Inu and Aptos ecosystems, were the best performers amongst the top 30 cryptocurrencies by market cap. The coins added more than 8% to their values each, outperforming other major cryptocurrencies.

SHIB has surpassed Toncoin to occupy the 11th place in the market after rallying by 24% in the last seven days. At press time, Shiba Inu is trading at $0.00003127 per coin. 

APT is another top performer after adding nearly 9% to its value in the last 24 hours. At press time, APT is trading at $18.53, also up by 24% in the last seven days. The rally means that SHIB and APT are currently outperforming the broader cryptocurrency market.

Bitcoin, the world’s leading cryptocurrency by market cap, has maintained its price above $70k despite the KuCoin FUD. On Tuesday, crypto exchange KuCoin and its founders were charged by the Department of Justice and the CFTC for violating anti-money laundering laws in the United States.

The news briefly saw BTC dip to the $69k region but it has since bounced back. At press time, BTC is trading at $70,516 per coin. The total cryptocurrency market cap remains at $2.66 trillion as the market stagnates.