Solana Recovers 15%, OKB Skyrockets to 1-Year High: Market Watch

Bitcoin finally initiated a minor leg up in the past few hours and charted a multi-day high at over $16,700.

The altcoins are even more in green, led by massive gains from OKB, Solana, and others.

OKB, SOL Skyrocket

Ever since the FTX collapse, several crypto exchanges have been frequently presenting proof of reserves, and OKX has been at the forefront. Its native cryptocurrency has been on a roll in the same timeframe. The past 24 hours alone have brought a 12% increase, resulting in a surge to above $30 for the first time in over a year.

OKB has almost doubled its USD valuation since the FTX crash and has found a place in the top 10 largest digital assets by market cap.

Solana is another massive gainer today following a few days of consecutive price falls. SOL is now up by 15% and trades well above $11.

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

Litecoin, Cardano, Dogecoin, Polkadot, and Polygon have also added impressive percentages on a daily scale.

Ethereum has reclaimed $1,200 after a 2% increase. Binance Coin is close to $250 following a similar daily jump.

The crypto market cap is back above $800 billion after a $20 billion increase.

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

Bitcoin Eyes $17K

The primary cryptocurrency finished the rather violent 2022 without any significant price movements. Just the opposite, the asset had gradually declined to under $16,500 and remained there for a few consecutive days.

Yesterday didn’t bring anything different, and BTC stood around that same number. The past 12 hours or so, though, were a bit different. Bitcoin started to gain some traction, added a few hundred dollars, and went to just over $16,750.

After charting a 5-day high, the asset has lost some ground and stands close to that line now. Although its market capitalization has increased to over $320 billion, its dominance over the alts has taken a slight hit and is now below 40%.

BTCUSD. Source: TradingViewBTCUSD. Source: TradingView

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!

Crypto price predictions: SUSHI, Immutable X, AGIX

SushiSwap price jumped as volume and revenue in DEX platforms rose. Immutable X (IMX) did well after the launch of Passport. SingularityDEX token could be forming a...

Bitcoin slips amid market reaction to US jobs report

Bitcoin price fell slightly to retest support near $23,250 on Friday. The top cryptocurrency's price action mirrored early trades on Wall Street as the market reacted...

Aandeel van de grote Bitcoin whale stijgt meer dan 100% in één maand

Het bedrijf MicroStrategy kocht vorig jaar een gigantisch aantal Bitcoin. Het bedrijf schreef in 2022 meer dan 8.800 Bitcoin bij op de balans, en de...

$20K Bitcoin may return, says analyst as US unemployment hits 54-year low

Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh United States economic data came in "hot hot hot." BTC/USD 1-hour candle chart...

Beste exchanges

Koop je crypto bij Bitvavo