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Bitcoin has maintained above $17,000 for a day now and even painted a new 3-week high at $17,400 hours ago.
Most altcoins have calmed following yesterday’s massive rally, aside from LDO, Gala, and Aptos.
Bitcoin Sustains North of $17K
The primary cryptocurrency started the year with minor volatility but began to add value in the following days. This resulted in jumped from under $16,500 to almost $17,000 by last week’s end.
The bears intercepted the move at this point and reversed BTC’s trajectory. However, that was short-lived as the bulls stepped up once again and pushed bitcoin to and beyond $17,000 for the first time in almost a month.
The past 24 hours brought a bit more positivity as well, with the asset jumping to $17,400 – the highest price tag since December 16. Despite finally reclaiming the $17,000 line, though, there’re some warnings that BTC could still be in the middle of the bear market and not at its end, as many speculated in the past.
The most recent rally has helped BTC’s market cap to jump above $330 billion. However, its dominance over the altcoins keeps suffering and is down to 39% – over 1% lower than a week ago.
GALA, LDO, APT Shoot Up
Several native tokens of liquid staking platforms have been on a roll lately, led by Lido DAO. LDO has added another 8% of value in the past 24 hours alone and has surged to above $2 for the first time in months.
Gala Games’ GALA also soared by double-digits yesterday after the project said it partnered with The Rock and Mark Walhberg.
On a daily scale, though, Aptos (APT) has taken the main stage with a massive 40% surge. As a result, the asset has neared $6.
The larger-cap altcoins are a lot calmer today compared to yesterday. Following a massive double-digit surge on Monday, Cardano has retraced by 3%, but it’s still above $0.3.
Binance Coin, Polygon, OKB, Litecoin, Solana, Ripple, and Polkadot are also with slight losses today. Shiba Inu, on the other hand, is up by another 3.5%.
The overall crypto market cap has jumped to north of $850 billion for the first time in about a month.
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Cryptocurrency charts by TradingView.
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