The crypto market returned to calm this morning after witnessing price volatility yesterday.
Various factors can be taken into account in examining the movement of cryptocurrency prices, including: geopolitical and macroeconomic uncertainties, the war between Russia and Ukraine, rising interest rates, inflation, slowing economic growth.
Due to such pressure, investors avoided any potential risk and it was clearly seen in the first half of April when the price of Bitcoin (BTC) recorded a decline.
A similar pattern can be identified for February and March.
The value per BTC unit today also affects some altcoins, but not Shiba Inu (SHIB), Compound (COMP), and ApeCoin (APE).
Robinhood ‘Sauk’ SHIB, COMP
Robinhood trading platform has listed four new crypto coins - SHIB, COMP, Solana (SOL), and Polygon (MATIC).
Following that, SHIB jumped more than 36% from a daily low, $ 0.00002614 to a daily high, $ 0.00003000. While COMP recorded a price increase of just over 14%, from $ 117 to $ 133.5.
MATIC and SOL recorded increases of 11.22% and 11.24% respectively before touching daily highs of $ 1.75 and $ 109.36.
APE & Trilogy Bored Ape Yacht Club (BAYC)
Coinbase has announced the production of the short film and NFT BAYC will star in the trilogy.
It is understood that every BAYC owner has the opportunity to submit their collection for talent testing.
If eligible, owners will receive a large amount of rewards in APE or BTC units.
At the same time, the spike in APE prices is also driven by its utility for the entire BAYC ecosystem including products and services launched later.
Not surprisingly, if the demand for BAYC is increasing, the price of its floor is also increasing and the price of APE is also getting more expensive.
At the time of writing, BTC is trading at $ 39,733, up 0.10% in 24 hours but has declined over 12% in a week.
