Crypto starts 2023 green: BTC, ETH, cardano and especially solana in plus

2022 has been a terrible year for many financial markets, including crypto. Inflation and interest rate hikes created a lot of fear and investors moved their money from riskier assets. The correlation between crypto and stock markets was higher than ever last year.

The poor macroeconomic situation also caused liquidity problems. This revealed deeper underlying problems in a number of large companies and projects, such as Terra (LUNA) and FTX, which completely collapsed.

2023 promises to be a less difficult year, but there does not seem to be much confidence yet that we will soon see a real recovery in prices. Despite this, the market is turning green today and the total market capitalization is up 1.8% to $842 billion.

Bitcoin core developer hacked

Bitcoin (BTC) closed 2022 deep in the red. The price could not hold on to $16,800 after Christmas and then dropped to $16,400. Yesterday evening, bitcoin started to rise cautiously and recaptured USD 16,600. Bitcoin made a small jump this morning, but is still running into some resistance around $16,750. With a price of $17,360, the bitcoin price is up 1.2% today.

Meanwhile, Luke Dashjr, an original bitcoin core developer, reports that he has been hacked and lost a whopping $3.5 million in BTC. Binance is monitoring the situation, CEO Changpeng Zhao reports:

Ethereum founder bullish on 2023

Ethereum (ETH) is once again gaining slightly stronger than bitcoin. ETH retook USD 1,200 yesterday and just rocketed to USD 1,220, where there is likely to be a lot of resistance. The ether price is therefore 1.8% up today. Ethereum founder Vitalik Buterin shared with New Years Eve where he likes the most bullish is over in 2023:

XRP, DOGE & ADA up significantly

Ripple (XRP) is picking up even more strongly and is up 2.2%. The XRP price is currently approaching $0.346. Dogecoin (DOGE) is picking up even harder and is up 3.1% today at $0.072. Cardano (ADA) takes it a step further and even rises by 3.8% to $0.255.

OKX tokens are rising fast

But currently the OKB token from the OKX exchange is stealing the show. OKB shot up 11.5% last night and then hit the $30 mark. OKB is already up 30% compared to a week ago and thus takes the ninth position of the largest crypto on the market, just above polygon (MATIC).

It doesn’t stop there. OKC (OKT), OKX’s other token, is also up more than 8% today, trading at $28.7.

Solana and Lido crypto top 100 hardest climbers

In the top 100 we find even more notable risers today. Apecoin (APE), litecoin (LTC) and axie infinity (AXS) are up almost 7%. Aptos (APT) and rocket pool (RPL) are up nearly 8%.

Frax share (FXS) is already up 8.6% today. Solana (SOL) is picking up considerably, possibly because Buterin gave the project a belt under the heart. The SOL price took a huge jump this morning, shooting back above $11 after rising 12.5%.

Still, we have a harder riser today: lido (LDO). The LDO price is even up 13% compared to 24 hours ago and is currently around $1.14. According to data from Defillama it is now the largest DeFi project in terms of total value locked (TVL) with nearly $6 billion.

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