Cryptocurrency

Bitcoin

Conflux

Bitcoin jumped above $27,500 yesterday but was once again stopped before having the chance to challenge $28,000.
Most altcoins are also slightly in the red, with LDO, LTC, and TRX being among the few exceptions.
<h2 id="btc-still-north-of-27k">BTC Still North of $27K</h2>
Last week&#8217;s enhanced volatility, propelled by the US CPI announcements on Wednesday, resulted in a massive price drop for bitcoin, which culminated on Friday. That&#8217;s when the asset <a href="https://cryptopotato.com/ldo-explodes-13-btc-eyes-27k-after-new-2-month-low-weekend-watch/" data-wpel-link="internal">plummeted</a> to $25,800 to chart a two-month low. As such, BTC had lost over $2,000 in a matter of just two days.
However, the bulls finally stepped up at this point and didn&#8217;t allow any further declines. Just the opposite, they pushed BTC north, and it quickly reclaimed a grand before <a href="https://cryptopotato.com/btc-reclaims-27k-while-ldo-and-ltc-explode-by-8-daily-market-watch/" data-wpel-link="internal">taking down</a> $27,000 by Monday.
Another leg-up followed, which took BTC to just over $27,600. Nevertheless, it was short-lived, and bitcoin has returned to just over $27,000 as of now.
Consequently, its market capitalization has slipped below $530 billion, while its dominance over the altcoins stands relatively still at 46.6%.
<figure id="attachment_250808" aria-describedby="caption-attachment-250808" style="width: 1834px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15.png" data-wpel-link="internal"><img class="size-full wp-image-250808" src="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15.png" alt="BTCUSD. Source: TradingView" width="1834" height="907" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15.png 1834w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15-300x148.png 300w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15-1024x506.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15-768x380.png 768w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15-1536x760.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-15-50x25.png 50w" sizes="(max-width: 1834px) 100vw, 1834px" /></a><figcaption id="caption-attachment-250808" class="wp-caption-text">BTCUSD. Source: TradingView</figcaption></figure>
<h2 id="ldo-keeps-pumping">LDO Keeps Pumping</h2>
As reported yesterday, Lido DAO&#8217;s native token was among the best performers, having surged past $2 with an 8% increase. LDO has only doubled down on its impressive form in the past 24 hours, following another 4% jump. This came as the project announced the launch of its V2, more info on which you can find <a href="https://cryptopotato.com/lido-launches-v2-and-releases-staked-ethereum-for-withdrawals/" data-wpel-link="internal">here</a>.
Litecoin, Tron, Chainlink, VET, APE, and Algo are the other larger- and mid-cap alts with minor daily gains. The rest of the top 36, however, are in the red.
These include ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, DOT, SHIB, and AVAX &#8211; all of which have declined by up to 2% daily.
The total crypto market cap has shed approximately $10 billion daily. As such, the metric has declined to $1.130 trillion.
<figure id="attachment_250809" aria-describedby="caption-attachment-250809" style="width: 1878px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3.png" data-wpel-link="internal"><img class="size-full wp-image-250809" src="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3.png" alt="Cryptocurrency Market Overview. Source: Quantify Crypto" width="1878" height="882" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3.png 1878w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-300x141.png 300w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-1024x481.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-768x361.png 768w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-1536x721.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-50x23.png 50w" sizes="(max-width: 1878px) 100vw, 1878px" /></a><figcaption id="caption-attachment-250809" class="wp-caption-text">Cryptocurrency Market Overview. Source: Quantify Crypto</figcaption></figure>
The post <a href="https://cryptopotato.com/ldo-jumps-another-4-following-v2-launch-btc-maintains-27k-market-watch/" rel="nofollow">LDO Jumps Another 4% Following V2 Launch, BTC Maintains $27K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

LDO Jumps Another 4% Following V2 Launch, BTC Maintains $27K (Market Watch)

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