Lido DAO hits a 2-month high, BTC touched $17,000

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After failing to challenge $17,000 for several consecutive days, bitcoin finally reached this level, hitting a multi-week high.

Altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO.

Bitcoin hits $17,000

The end of 2022 was quite calm for the main cryptocurrency, and the first day of the new year did not bring more excitement either, as it remained at around $16,500. The picture started to change on Monday with a slight push from the bulls to $16,700.

BTC attempted to move closer to $17,000 over the next few days, but ultimately failed to exploit this line. The last rejection even pushed the asset south by a few hundred dollars.

However, bitcoin did indeed touch $17,000 a few hours ago, which is the first time since December 20. It has lost ground to date and sits just below, but is still up around 1% on the day.

Its market capitalization increased north of $325 billion, but its dominance on the alts fell back to 39.6%.

BTCUSD.  Source: Trading View
BTCUSD. Source: Trading View

LDO, ETC on the run

CryptoPotato reported earlier this week, when Lido DAO became a leader in total value locked, overtaking MakerDAO. Although the latter reclaimed its top position, the former’s native cryptocurrency continued to rise.

The latest surge came earlier today as the LDO soared into double digits and hit $1.5. This became its highest price in about two months.

Another notable player on a daily scale is Ethereum Classic. ETC is up 10% and trading at just over $20.

Litecoin and Polygon surged the most among the top 15 cryptocurrencies, with gains of up to 4%.

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Ethereum, Binance Coin, Ripple, Cardano, OKB and Polkadot are up 1-2% in the past 24 hours.

The cryptocurrency market cap has recouped all of yesterday’s losses and is back above $820 billion.

Presentation of the cryptocurrency market.  Source: Quantify Cryptography
Presentation of the cryptocurrency market. Source: Quantify Cryptography

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Cryptocurrency Charts by TradingView.


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