{"id":21165,"date":"2022-12-05T23:57:14","date_gmt":"2022-12-05T23:57:14","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/05\/btc-price-holds-steady-at-17k\/"},"modified":"2022-12-05T23:57:14","modified_gmt":"2022-12-05T23:57:14","slug":"btc-price-holds-steady-at-17k","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/05\/btc-price-holds-steady-at-17k\/","title":{"rendered":"BTC Price Holds Steady At $17K"},"content":{"rendered":"

<\/a>\n
<\/p>\n

\n

BTC launched an offensive after the weekend\u2019s relative calm, reaching a new multi-week high well above $17,000.<\/span><\/p>\n

The alternative currencies are now in the black, with ETH recovering $1,300. Some companies, such as Shiba Inu<\/a>, CRO, LTC, and AXS, have increased by more striking percentages.<\/span><\/p>\n

New 25-Day High for BTC<\/b><\/span><\/h2>\n

– Advertisement –<\/span><\/p>\n

The most important cryptocurrency had a quiet weekend and was trading at about $17,000. This occurred after a choppy work week during which BTC dropped to $16,000 before surging to a two-week high of $17,250<\/a>.<\/span><\/p>\n

But like the previous Monday, this one saw some price swings. The distinction is that this time, BTC has started a leg up with a price increase reaching just beyond $17,400 early today.\u00a0<\/span>BTC\u2019s price had risen to this level since November 11.<\/span><\/p>\n

The price of the cryptocurrency has since retraced by a few hundred dollars, although it is still above $17,000. Its market cap has surpassed $330 billion, and its share of the market among all cryptocurrencies is a tight 38.3%. The weekend saw little to no price movement for the alternative coins, but things are changing now. In the last two days, Ethereum dropped from $1,300 to under $1,250, but a 3.3% daily gain has lifted the second-largest cryptocurrency to just above the former.<\/span><\/p>\n

– Advertisement –<\/span><\/p>\n

Following a little daily gain of 2%, Binance Coin is now getting close to $300. Aside from the larger-cap alts, Ripple, Dogecoin, Cardano, Polygon, Polkadot, and OKB have also shown negligible growth. Shiba Inu and Litecoin<\/a> have increased the highest, by 8.5% and 5%, respectively. Between 5% and 9% are added to CRO, ICP, and FLOW.<\/span><\/p>\n

The native coin of Axie Infinity has soared by more than 20% on a daily basis. AXS trades far above $8 as a result.<\/span><\/p>\n

All cryptocurrency assets now have a combined market cap of $870 billion, up $20 billion each day.<\/span><\/p>\n<\/div>\n