Cardano rises by 12 %weekly, Bitcoin stops $ 17,000 (Market Watch)
Cardano rises by 12 %weekly, Bitcoin stops $ 17,000 (Market Watch)
Bitcoin started another attempt to overcome $ 17,000 yesterday, but was stopped several times as in the past.
The old coins have withdrawn after a few positive days, with Tron, QNT and LDO lost the most value every day.
Bitcoin fails at $ 17,000
Bitcoin ended the terrible year 2022 with a decline under $ 16,400 on Friday, which was a low of several weeks. As a New Year's Eve, the asset recovered somewhat and returned to $ 16,500. The next few days ran quietly until Monday, when BTC finally started to win.
After Bitcoin added about $ 200 the next day, it continued to rise and approached $ 17,000 hours ago. This has been the highest price since December 20th.
While the bulls were preparing to challenge this level and finally overcome, the bears came into play and returned the trajectory from BTC.
As such, the cryptocurrency is now traded a few hundred dollars below this level, but its market capitalization has remained over $ 320 billion. Its dominance over the Alts has also recovered somewhat and is 39.7 %.
BTCUSD. Tradingview
Ada jumps by 12 %
every week Similar to Bitcoin, Cardano was quiet in the last days of 2022. However, ADA started the increase in value at the beginning of the new year and has now increased by over 12 % in a comparison of the week. The asset is traded at $ 0.27 and is one of the few in the green area of the large cap-Alts every day. In contrast, Dogecoin, Polygon, Ripplelitecoin, Shiba-Inu, Uniswap, and avalanches have all declined by up to 4 %. Trx has dropped by 8 %, perhaps due to the relationship of Justin Sun to the battered crypto platform Huobi.quant and lidodao are the other large cap alternatives with more remarkable daily losses of over 5 %.
All of these price declines have led to a decline in the cumulative market capitalization of all crypto-assets by $ 5 billion, which has now dropped to $ 815 billion.
Overview of the cryptocurrency market. Quantify crypto
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