• Bitcoin touched the $17,000 mark for the first time in several weeks.
• Ethereum Classic and Lido DAO saw impressive gains on Saturday.
• MakerDAO has regained its DeFi throne, while LDO has seen double-digit weekly gains.
The crypto market has seen some impressive gains this weekend, with Bitcoin finally managing to break the $17,000 barrier, while Ethereum Classic and Lido DAO have seen significant gains. After a relatively quiet end of the year, the primary cryptocurrency had been struggling to challenge the $17,000 mark for several days, but finally managed to do so on Saturday.
At the same time, Ethereum Classic and Lido DAO have seen some impressive gains. ETC has been particularly active in the past few days, with prices rising by nearly 10% on Saturday alone. Meanwhile, Lido DAO has seen double-digit weekly gains, even though MakerDAO has regained its DeFi throne. The altcoin is up by 17% since the beginning of the week, reaching its highest level in two months.
The rest of the altcoin market has been relatively quiet, with most coins trading around their previous levels. That said, some coins, such as Aave and Uniswap, have seen minor gains, as investors continue to search for the next big DeFi project.
Overall, it looks like the crypto market is back on track, with the primary cryptocurrency finally managing to break the $17,000 barrier. While it remains to be seen if BTC can maintain these levels, the altcoins have also seen some impressive gains this weekend. With MakerDAO back in the driver’s seat, and Lido DAO showing double-digit weekly gains, it looks like the DeFi sector is still the focus of investors.