Bitcoin has held above $17,000 for a day and even painted a new 3-week high at $17,400 hours ago.
Most altcoins have calmed down after yesterday's massive rally, apart from LDO, Gala, and Aptos.
Bitcoin remains north of $17K
The top cryptocurrency started the year with lower volatility, but started to add value in the days that followed. This resulted in a jump from under $16,500 to almost $17,000 at the end of last week.
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. up to and beyond $17,000 for the first time in almost a month.
The last 24 hours also brought a little more positivity, with the asset jumping to $17,400, the highest price since December 16. However, despite finally retrieving the $17,000 line, there are some warnings that BTC could still be in the middle of the bear market and not at the end of it, as many have speculated in the past.
The most recent rally has helped push BTC's market capitalization past $330 billion. However, its dominance over altcoins continues to suffer and has dropped to 39%, down over 1% from a week ago.
GALA, LDO, APT shoot
Various native tokens from liquid staking platforms they've been on a roll Lately, run by Lido DAO. LDO has added another 8% of value in the last 24 hours alone and is up above $2 for the first time in months.
Gala Games' GALA also shot up in double digits yesterday after the project saying he teamed up with The Rock and Mark Walhberg.
However, on a daily scale, Aptos (APT) has taken the main stage with a massive 40% rise. As a result, the asset has moved closer to $6.
Larger-cap altcoins are much quieter today compared to yesterday. following a massive double digit increase on Monday, Cardano is back 3%, but is still above $0.3.
Binance Coin, Polygon, OKB, Litecoin, Solana, Ripple, and Polkadot also all have slight losses today. Shiba Inu, on the other hand, is up another 3.5%.
The overall crypto market capitalization has jumped north of $850 billion for the first time in about a month.
Binance Free $100 (Exclusive): use this link to sign up and receive $100 free and 10% off your first month's fees for Binance Futures (terms).
PrimeXBT special offer: use this link to register and enter the code POTATO50 to receive up to $7,000 in your deposits.
Disclaimer: The information found on CryptoPotato is that of the writers cited. It does not represent the views of CryptoPotato on whether to buy, sell or hold investments. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. Consult the Legal Notice for more information.
cryptocurrency charts by TradingView.
