BTC was up 2% over the past 24 hours, while CAKE rallied 20% and ApeCoin dropped 80%. Bitcoin (BTC) held steady around the $40,000 price level on Thursday while several alternative cryptocurrencies (altcoins) took the lead. ![](https://www.coindesk.com/resizer/Jdis6aiZbJKo34Gyq5hfbXyTasQ=/1200x600/center/top/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RXUMGH7IWFGA7A6AH6ZJGWR7YI.jpg)
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