After failing to challenge $17,000 for several days in a row, bitcoin finally touched that level, marking a multi-week high.

Altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO.

Bitcoin touches $17K

The end of 2022 was pretty quiet for the top cryptocurrency, and the first day of the new year didn’t bring any more excitement either, as it held at around $16,500. The situation started to change on Monday with a little push from the bulls to $16,700.

BTC tried to get closer to $17,000 in the next few days, but was ultimately unable to take advantage of that line. The latest rejection yesterday even pushed the asset south by a few hundred dollars.

However, bitcoin did in fact hit $17,000 a few hours ago, for the first time since December 20. It has lost some ground as of now and is just below but still around 1% up for the day.

Its market capitalization has risen north of $325 billion, but its dominance over alternatives is back down to 39.6%.

BTCUSD. Source: TradingView

LDO, ETC in the race

CryptoPotato reported earlier this week when Lido DAO became the leader in terms of total value locked, surpassing MakerDAO. Although the latter regained its top position, the native cryptocurrency of the former has continued to rise.

The latest boost came earlier today, when LDO shot up in double digits and reached $1.5. This became its highest price in about two months.

Ethereum Classic is another notable player on a daily scale. ETC is up 10% and is trading at just over $20.

Litecoin and Polygon have jumped more than the 15 largest cryptocurrencies, with gains of up to 4%.

Ethereum, Binance Coin, Ripple, Cardano, OKB and Polkadot have risen between 1-2% in the last 24 hours.

The cryptocurrency market capitalization has recouped all of yesterday’s losses and is back above $820 billion.

Overview of the cryptocurrency market. Source: quantify crypto

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TradingView cryptocurrency charts.

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