ICP Defies Market Actions With 14% Surge, BTC Maintains $45Ok (Market Watch)

Regardless of retracing barely since yesterday’s peak at nearly $46,000, the first cryptocurrency has managed to defend the $45,000 degree.

Most altcoins have slipped laborious in the present day, together with yesterday’s prime gainers – Solana, Avalanche, and MATIC.

BTC Slides Again All the way down to $45Ok

Bitcoin had a quiet final week of 2023, during which it stood primarily in a good vary between $42,000 and $43,000. All eyes are on 2024 now, given the overall bullish sentiment and the beginning of the brand new 12 months didn’t disappoint.

BTC entered 2024 at roughly $42,500, stood nonetheless for a number of hours on Monday, however went on the offensive laborious as the primary day of the brand new 12 months was coming to an finish. It went even additional on Tuesday, although.

The truth is, the cryptocurrency’s value soared by greater than three grand by Tuesday and went simply inches away from $46,000 to mark its highest degree in nearly two years.

Whereas the neighborhood was getting ready for one more leg-up, although, the asset began retracing barely and briefly slipped under $45,000. As of now, it stands above that degree, with a market capitalization of $890 billion and a 51% dominance over the altcoins. Recall that the metric had dumped to 49.5% final week.

ICP Defies the Market

Most altcoins adopted BTC on the way in which up yesterday, with Solana and Avalanche rising as the highest gainers. Now, although, each these belongings have retraced probably the most from the bigger caps. SOL is down by 6% and has slipped under $110, whereas AVAX (-5%) is near breaking beneath $40.

Polygon, Toncoin, Chainlink, Cardano, Polkadot, Dogecoin, and Ethereum are additionally within the crimson however in a extra modest style.

Binance Coin, alternatively, is up by nearly 4% and stands round $330. ICP has stolen the present as soon as once more, with a 14% surge. Consequently, the asset has reclaimed the $15 degree.

The full crypto market cap has misplaced round $30 billion since yesterday’s peak and is all the way down to $1.740 trillion.