ApeCoin Monthly High Charts, Bitcoin Calm Below $17K (Weekend Hour)

Bitcoin still couldn’t conquer $17,000, despite briefly jumping above that level yesterday.

Altcoins have also calmed down after notable gains at the start of the weekend. However, ApeCoin hit its highest level in almost one month.

Bitcoin stands below $17,000

2022 brought a little joy to bitcoin bulls, and the end of the year was much the same, with the asset dropping to a multi-week low below $16,500. After a few quiet days around New Year’s Day, the cryptocurrency started to surge in value Monday.

The next few days were similar, with BTC adding a few hundred dollars. This culminated in a price rally towards $17,000, but Bitcoin was not able to challenge this line until early Saturday morning.

That’s when the asset finally managed to breach the coveted level for the first time since December 20th. However, the bears jumped into action and pushed Bitcoin south almost immediately.

Bitcoin has been staying away from $17,000 since then and hasn’t made any major moves as volumes are lower than in the previous weekends.

Thus, BTC has a market capitalization of just over $325 billion, while its dominance over altcoins is 39.6%.

BTCUSD. Source: TradingView

ApeCoin is up every month

The best performer in the last week or so has been Lido DAO (LDO), as the popular DeFi project battles MakerDAO for the TVL throne. While the latter has now regained its first place, the LDO has risen by double digits within a week. The past 24 hours saw another 6% increase, which led to another multi-month rally above $1.6.

ApeCoin and Solana are other notable daily scale winners. Both amount to between 3-4%. APE jumped to its highest price level since December 13, while SOL approached $14 again.

The larger alternative is significantly less volatile. Despite a slight daily bounce, Ethereum is still north of $1,250 and Binance coin is above $260.

OKB lost most of its gains from the top 15 assets, after a daily drop of 1.3%. However, the cryptocurrency market cap is still close to $825 billion.

Overview of the cryptocurrency market.  Source: Quantify Crypto
Overview of the cryptocurrency market. Source: Quantify Crypto

ApeCoin Charts Highest Monthly Fee High, Bitcoin Calm Below $17K (Weekend Hour) appeared first on CryptoPotato.

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