Bitcoin Unable to Top $17K Yet, Ethereum Classic Pumps 5% (Market Watch)

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Solana has finally cooled off after the recent massive rally.

Solana has taken a breather following the recent gains, while Ethereum Classic and NEAR Protocol have jumped by over 5% on a daily scale.After the calm end of 2022, bitcoin stood quiet at the start of the new year at around $16,500. The entire market volume was down, which was to be expected as it was on Sunday.

The landscape started to change on Monday when BTC began adding value. It first jumped to $16,700, which was a local high, and it continue towards $16,800 later on during the day. The bulls stepped on the gas pedal in the next few days, ultimately pushing the primary cryptocurrency to just under $17,000 hours ago. This became bitcoin’s highest price tag since December 20.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Nevertheless, the asset failed to overcome $17,000, at least for now and sits a few hundred dollars below that level.

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