BlocksInform
Bitcoin experienced some volatility yesterday after the United States' GDP announcement, but remains at a key point of approximately $23,000 now.
Most altcoins are quieter nowadays, with eth, ground, and xrp narrowing slightly. But Matic and Leo are out of it.
Bitcoin at Key Point
Bitcoin’s price increase since the start of the year has changed the overall sentiment in the industry, which is shown by the Fear and Greed Index. The metric went into ‘greed’ territory today for the first time in almost a year.
This has come that the cryptocurrency has increased its value in US dollars by about 40% in four weeks. The culmination of the early 2023 run came earlier this week when BTC spiked to $23,800. It has become the most expensive since last September.
However, Bitcoin did not succeed in continuing to rise and retracted down to $23,000. All eyes were on us as the latest GDP figures were on the verge of being released. The world's largest economy outperformed expectations with an increase of 2.9 per cent in the final quarter of 2022.
Initially, the BTC remained quiet but slid $500 a few hours later. Nevertheless, it rebounds to $23,000 from now on, which is a very important level for its price performance in the short run.
MATIC, LEO on a Roll
The altcoins have risen impressively as well since the start of the year. However, most have quieted down on a daily scale now, with even certain retracements like eth, sol, and xrp. All of these emissions have been reduced by up to 2 per cent.
Coin BINANCE stays above $300 after a slight increase each day. Cardano, polkadot and tron are light green too.
However, the cryptocurrency native to the polygon has skipped most of the larger capitalization alts. Matic has added more than 8% in a day and trades in excess of $1. leo is another notable sheath, jumping from 8% to $3.8. chain and follow apecoin, that are up five per cent.
Cryptographic market capitalization is pretty quiet today, at almost $1.050 trillion.
