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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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