Apecoin (APE) price is primed for a pop higher as bulls are scooping up some decent discounts in APE’s price action. With APE still on the back foot after the technical rejection from the past weekend, a move higher looks inevitable as soon as the tailwind from Bitcoin spills over into altcoins. As the Bitcoin train powers through this week, APE traders can hitch their wagon onto that rally and pluck the fruit of the tag-along.
Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.
Bitcoin (BTC) price is rallying in a full recovery story after a harsh and long crypto winter through most of 2022. With both yields and the US Dollar fading, the two biggest kryptonites for Bitcoin bulls are fading and losing their grip on the downtrend. With several key levels already broken, it looks inevitable that BTC will soon take out $30,000 and march higher.