ICP Skyrockets 35% Daily, BTC Reclaims $42K and Eyes $43K (Weekend Watch)

Bitcoin reacted well to yesterday’s price drop to $41,300 and has gained a grand and a half in the following hours.

Most altcoins are also slightly in the green during the last day of 2023, with AVAX tapping $40 and SOL maintaining above $100.

BTC to Challenge $43K?

Bitcoin was trading higher last weekend, and even tried to overcome $44,000 on two occasions but to no avail. The subsequent rejections pushed the cryptocurrency south hard, and the asset fell to $41,600 on Tuesday.

The bulls intercepted the move and pushed BTC north by over two grand to just under $44,000. Another rejection followed by the end of the business week and Saturday that resulted in a price drop to a 12-day low of $41,400 (on Bitstamp).

Bitcoin has managed to defend its position above $41,000. Moreover, the asset has jumped by $1,500 since then and now stands close to $43,000 after a 2.5% daily increase.

Its market capitalization has soared to $836 billion, and its dominance over the alternative coins is back above 50% on CMC after declining by more than 1% in days.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ICP Steals the Show

Most altcoins slipped in value yesterday, but the landscape seems quite different today. Ethereum has increased to just over $2,300 after a minor daily jump. Binance Coin stands above $320 after a 2% pump.

Solana has maintained the $100 level following a 3% increase, while AVAX’s 4% jump has helped it retap $40. Similar gains are evident from XRP, ADA, DOGE, MATIC, TRX, and LINK. Polkadot’s native token has soared by 5% in a day and trades above $5.5.

Nevertheless, the most impressive daily gainer is ICP. The asset has soared by 35% overnight and trades well above $13. Next in line from the top 36 crypto assets are INJ, STX, and FIL.

The total crypto market cap has managed to erase yesterday’s losses and is back to $1.670 trillion on CMC.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Cryptocurrency charts by TradingView.

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