Cryptocurrency

Lido DAO Soars to 2-Month Excessive, BTC Touched $17K

After failing to problem $17,000 for a number of straight days, bitcoin lastly touched that degree, marking a multi-week excessive.

The altcoins additionally turned inexperienced on Saturday, with spectacular features from Ethereum Basic and Lido DAO.

Bitcoin Touches $17K

The tip of 2022 was fairly calm for the first cryptocurrency, and the primary day of the brand new 12 months didn’t convey any extra pleasure both, because it remained at round $16,500. The state of affairs began to alter on Monday with a minor push from the bulls to $16,700.

BTC tried to come back nearer to $17,000 within the subsequent few days however finally did not faucet that line. The newest rejection from yesterday even pushed the asset south by a number of hundred {dollars}.

Nevertheless, bitcoin certainly touched $17,000 a number of hours in the past, doing so for the primary time since December 20. It has misplaced some floor as of now and stands slightly below it, however it’s nonetheless round 1% up on the day.

Its market capitalization has elevated to north of $325 billion, however its dominance over the alts is again right down to 39.6%.

BTCUSD. Source: TradingView
BTCUSD. Supply: TradingView

LDO, ETC on the Run

CryptoPotato reported earlier this week when Lido DAO grew to become a frontrunner when it comes to Complete Worth Locked, surpassing MakerDAO. Though the latter reclaimed its first place, the previous’s native cryptocurrency has continued to rise increased.

The newest push got here earlier at the moment, as LDO skyrocketed by double digits and reached $1.5. This grew to become its highest price ticket in about two months.

Ethereum Basic is one other notable performer on a each day scale. ETC is up by 10% and trades at simply over $20.

Litecoin and Polygon have jumped essentially the most from the highest 15 largest cryptocurrencies, with features of as much as 4%.

Ethereum, Binance Coin, Ripple, Cardano, OKB, and Polkadot have elevated by between 1-2% previously 24 hours.

The cryptocurrency market cap has regained all losses from yesterday and is again above $820 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Supply: Quantify Crypto
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Cryptocurrency charts by TradingView.

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