🚀 Top Assets to Keep an Eye On
💰 Bitcoin began the 2023 at $42,146, entering the new year with an upward trend, eventually reaching $45,000.
Despite its rapid rise from October to December 2023, the asset failed to reach this price level. New optimism brought by the new year triggered a rally to a 21-month high of $45,894 on January 2nd, as industry commentators highlighted the imminent approval of numerous ETF applications.
However, optimism waned when a Matrixport report suggested the possibility of rejecting all ETF participation applications this month. This report was followed by a selling wave, leading to a significant market downturn. On January 3rd, BTC dropped to a minimum of $40,879, and market liquidation volumes approached $700 million.
Despite the recovery, on that day, the leading cryptocurrency recorded an intraday decline of 4.69%, the highest since December 11, 2023, struggling to maintain the price threshold at $44,000.
💹 NEAR traded at $3 in October 2022 before rising in December 2023. After reaching a high of $3.625 on December 21, the token held above the $3.50 level for several days, eventually reaching $4.62 on December 26, 2023.
However, the asset started this week on a bearish note, experiencing consolidation preceding a drop to $3.520. The asset vigorously attempted to defend its $3.50. On January 2nd, there was a weighted movement towards the $4 recovery level, but bears faced stiff resistance at the $4.33 resistance level.
Amid the market crash on January 3rd, NEAR fell below the $3 mark for the first time since December 21, 2023, plummeting to the support level at $2.905. The next day, Near Protocol reclaimed the $4 zone during the recovery, but this campaign was short-lived.
💣 BONK has been in free fall since it reached an all-time high of $0.00003498 on December 15, 2023, and this continuous decline persisted into this week. Amid a sustained decline, BONK finished the week at $0.00001075, marking the lowest price in four weeks. The token ended the week with a discouraging 23.4% decline.
