Nexo soars 15%, Bitcoin enters 2023 flat at $16.5K (Weekend Watch)

The strongest performance today is Nexo’s native cryptocurrency, which had a significant double-digit increase in a steady market.

Bitcoin saw practically little volatility during the end of 2022 and stayed steady at roughly $16,500.

Aside from the two most recent high-flyers, OKB and Toncoin, the majority of cryptocurrencies likewise failed to generate any appreciable volatility.

BTC remains at $16.5K

Bitcoin’s total price fluctuations in 2022 were detailed by CryptoPotato in yesterday’s Market Watch. The year began with a high of about $50,000 but finished 65% lower due to a turbulent year that witnessed many crashes.

When zooming in to examine BTC’s performance over the last several weeks, it’s simple to see that there haven’t been any significant price changes. Since the unsuccessful effort to surpass $18,000 on December 14, the cryptocurrency has been trapped in a range between $16,000 and $17,000.

The last hours of 2022 saw no price changes either, with bitcoin staying at about $16,500. Despite some unsettling projections from analysts that the commodity may decline much more based on the whales’ behavior, the new year has yet to make its imprint.

However, as of right now, the market value of bitcoin has remained below $320 billion, and its dominance over the other cryptocurrencies is comfortably at 40.1% on CoinMarketCap.

Pumps by Double Digits for NEXO

Although by nature, altcoins are far more volatile than bitcoin, this has not been the case recently. Most higher caps, including Ethereum, have shown modest swings. Recently, it fell below $1,200, and since then, it has been unable to recapture that level. ETH is currently calm once more on a daily basis.

Under 1% of the value of Binance Coin, Cardano, Dogecoin, Polygon, Polkadot, Tron, and Shiba Inu has decreased in a single day.

As they were yesterday, OKB and Toncoin rank among the top achievers today. The latter has increased by 5% and is trading above $2.2, while OKB has increased by 4% and is at $27.

But with a huge 15% daily increase, NEXO has outperformed the top 100 crypto assets by market size. Thus, the native token of the lender is getting close to $0.7.

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