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Crypto market capitalization retains 1 t USD, while Lido (LDO) recovered: weekend observation
The latest free fall of Bitcoin seems to have been stopped for the time being, since the asset has calmed down at almost $ 22,000. Most old coins even recorded minor daily climbs. Some, such as Hbar and Lido Dao, have even risen in two digits. Bitcoin calms down from $ 22,000 The situation around Bitcoin was much more positive last week than it jumped over $ 24,000 for the first time since August 2022. However, it could not stay there and in the following days it went back to $ 23,000 over a giant. Then came the hard procedure of the Sec against crypto staking and the subsequent agreement with ...
Crypto market capitalization retains 1 t USD, while Lido (LDO) recovered: weekend observation
The latest free fall of Bitcoin seems to have been stopped for the time being, since the asset has calmed down at almost $ 22,000.
Most old coins even recorded minor daily climbs. Some, such as Hbar and Lido Dao, have even risen in double digits.
Bitcoin calms down under $ 22,000
The situation around Bitcoin was much more positive last week than it jumped over $ 24,000 for the first time since August 2022. However, it could not stay there and went back to $ 23,000 in the following days.
Then the hard procedure of the SEC came against crypto staking and the subsequent agreement with octopuses. When the fear spread across the board, Bitcoin quickly started to lose value and fell below $ 22,000. The bears drove him to $ 21,400 yesterday, which became a three-week low.
Nevertheless, BTC bounced off and recovered a few hundred dollars in the following hours. Since then it has remained rather quiet and is currently only a few centimeters of $ 22,000.
Its market capitalization has risen to over $ 420 billion, while its dominance compared to the Alts is still 41.3 %.
btcusd. Tradingview
The roller coaster from LDO continues
According to the measures of the SEC to pursue certain staking offers in the United States, several representatives of the ETH Liquid Staking niche went on a roller coaster ride. This includes LDO, FXS and RTL, all of which fell over two digits yesterday.
Today, however, the landscape with Lido Dao is significantly different, since the native token of the protocol has recovered by 10 % and is treated near $ 2.5.
hbar is another remarkable winner who has risen by over 11 %. The large cap alternatives are calmer, but most are also slightly in the green.
This includes Ethereum, Ripple, Cardano, Matic, OKB and Dot. The two biggest memoins and Solana have risen by over 3 % every day.
Despite the recent price declines in the crypto area, the cumulative market capitalization has remained over $ 1 trillion in both CMC and Coingecko.
Overview of the cryptocurrency market. Quantify crypto