Bitcoin Stopped Ahead of $17K, Solana Taps 10-Day High (Market Watch)

Bitcoin tried to challenge $17,000 hours ago but was stopped before having the chance to come close, at least for now.

The altcoins have calmed since yesterday’s impressive gains, except for Solana, which continues to recover its recent losses and LDO.

Bitcoin Came Close to $17K

The end of 2022 was untypically calm for the primary cryptocurrency, which remained around $16,500 after losing a few hundred dollars throughout the week.

Although the first day of the new year brought a similar lack of volatility, the landscape started to change yesterday. Amid some quite promising predictions for 2023, BTC added almost 2% of value and tapped a 5-day high of just over $16,750.

The asset went slightly higher hours later but was stopped before having the chance to challenge $17,000. As such, it stays on familiar ground now.

Thanks for subscribing, you will get your first report in the next hours!

Its market capitalization has remained inches above $320 billion, while its dominance over the alternative coins is just shy of 40%.

BTCUSD. Source: TradingViewBTCUSD. Source: TradingView

SOL Keeps Pumping

Solana became one of the most affected victims of the FTX-Alameda crash, given its relationship with the former SBF-led crypto empire. The past few days of 2022 were violent as well, with SOL dumping to $8 for the first time in about a month.

Despite the unfavorable price performances, though, Ethereum’s Vitalik Buterin had some positive comments for Solana at the time. Since then, the asset has outperformed the rest of the market and now trades close to $12. This means SOL has increased by roughly 50% in days.

Lido’s native cryptocurrency is another impressive gainer now, following the protocol’s surpassing of MakerDAO as the leading DeFi project in terms of TVL. LDO has jumped by 7% and sits close to $1.25.

Terra Classic (LUNC) is up by over 5% in the past 24 hours, nearing $0.0002.

The larger-cap alts have stalled since yesterday’s gains, with ETH standing at just over $1,200 and Binance Coin trading close to $250.

The cumulative market cap of all crypto assets has remained above $800 billion.

Cryptocurrency Market Overview. Source: Quantify CryptoCryptocurrency Market Overview. Source: Quantify Crypto

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


All Dutch and English crypto news!

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to fight against...

Dit zijn alle cryptobedrijven die zijn omgevallen… tot nu toe

Februari is voor cryptobegrippen rustig begonnen, er zijn (nog) geen faillissementen aangekondigd. Dat is fijn, zeker na zo'n turbulente periode waarin crypto exchanges, leenbedrijven en...

YouTuber baits MMA fighter into secretly shilling fake NFTs for $1K

Coffeezilla, a YouTuber and crypto investigator, revealed that American mixed martial artist Dillon Danis promoted a fake NFT project without disclosing that he received $1,000...

Little Shapes was a ‘social experiment’ to expose NFT botnets: founder

Atto, the pseudonymous founder behind Little Shapes NFT has revealed that the project was actually a "social experiment" designed to shed light on large-scale NFT...

Beste exchanges

Koop je crypto bij Bitvavo