Bitcoin responded well to yesterday's price drop to $41,300, gaining by one and a half thousand in the following hours.
Most altcoins are also slightly in the green on the last day of 2023, with AVAX hitting $40 and SOL staying above $100.
BTC challenges $43,000?
Bitcoin traded higher over the past weekend and even attempted to break above $44,000 twice, but to no avail. The subsequent rejections pushed the cryptocurrency sharply lower, with the asset falling to $41,600 on Tuesday.
The bulls intercepted the move and pushed BTC up by more than two grand to just under $44,000. Another rejection followed at the end of the business week and on Saturday, causing the price to fall to a 12-day low of $41,400 (on Bitstamp).
Bitcoin has managed to defend its position above $41,000. Additionally, the asset has since increased by $1,500 and is now at almost $43,000 after a daily increase of 2.5%.
Its market capitalization has risen to $836 billion and CMC's dominance over alternative coins is back above 50% after declining by more than 1% in a few days.
BTCUSD. Source: TradingView
ICP steals the show
Most altcoins lost value yesterday, but today the landscape seems very different. Ethereum has risen to just over $2,300 after a small daily increase. Binance Coin stands above $320 after a 2% rise.
Solana has held the $100 level after a 3% increase, while AVAX has returned to $40 with a 4% increase. Similar gains can be seen in XRP, ADA, DOGE, MATIC, TRX and LINK. Polkadot’s native token is up 5% in a day and is trading above $5.5.
However, the most impressive daily gainer is ICP. The asset is up 35% overnight and is trading well above $13. Next in the top 36 crypto assets are INJ, STX and FIL.
The total crypto market cap has managed to recoup yesterday's losses and is back at $1.670 trillion, according to CMC.
Overview of the cryptocurrency market. Source: Quantify Crypto
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Cryptocurrency charts from TradingView.
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