• Bitcoin tried to challenge the $17,000 mark but was stopped before having the chance to come close.
• Altcoins have calmed since yesterday’s impressive gains, with the exception of Solana which continues to recover its recent losses.
• The end of 2022 was untypically calm for the primary cryptocurrency, which remained around $16,500.
Bitcoin has been leading the cryptocurrency market for quite some time and its performance in the last couple of days has been no exception. Hours ago, the primary cryptocurrency tried to challenge the $17,000 mark but was stopped before having the chance to come close, at least for now.
The altcoins have been relatively calm since yesterday’s impressive gains, with the exception of Solana which continues to recover its recent losses and LDO. Solana’s price performance has been quite positive ever since Vitalik Buterin’s comments and it has been able to tap its 10-day high.
The end of 2022 was untypically calm for Bitcoin, which remained around $16,500 after losing a few hundred dollars throughout the week. Although the first day of the new year brought a similar lack of volatility, the landscape started to change yesterday. Amid some quite promising predictions for 2023, BTC added almost 2%, reaching $16,700.
This positive momentum seemed to have been the necessary push for Bitcoin to attempt a new all-time high. However, the primary cryptocurrency was unable to break the resistance and currently seems to be trading in a tight range.
In the altcoin market, most of the top assets followed a similar pattern as Bitcoin. Ethereum, Binance Coin, Cardano, and Litecoin all added between 1% and 4%. However, the outlier of the day was Solana, which was able to gain more than 11% and tap its 10-day high.
In conclusion, Bitcoin has been unable to break the $17,000 mark and is currently trading in a tight range. Altcoins, with the exception of Solana, have been relatively calm since yesterday’s impressive gains. The end of 2022 was untypically calm for the primary cryptocurrency, which remained around $16,500.