Bitcoin Rejected at $21,000, Lido (LDO) Skyrockets 20% Daily (Market Watch)


Bitcoin’s price failed to convincingly break above $21,000 and is now trading below that level. Most cryptocurrencies also retraced following an encounter with range resistance. The most obvious outlier is LDO, up 20% in the last 24 hours.

Bitcoin fails to break $21,000

The last 24 hours have been quite tumultuous as the entire cryptocurrency market has been on a rollercoaster ride. BTC, for once, surged above $21,000, reaching as high as $21,200 (on Binance) before being rejected and falling to where it is currently trading at around $20,600.

Source: Trading View

This roller coaster has left a total of $136 million in liquidations over the past 24 hours, with the largest liquidation order taking place on OKX, carrying a face value of $2.1 million – one perpetual BTC.

Interestingly, ETH leads in forced liquidations with $71 million, more than double Bitcoin’s liquidations.

Altcoins Retrace but LDO Soars

Most of the alternative coins are also trading in the red over the past 24 hours, after failing to maintain the gains they made intraday and being overwhelmingly rejected from their respective resistance.

Source: Quantify Cryptography

As shown in the heatmap above, ADA is down 1.7%, SOL is down 3.5%, ETH – 0.38%, etc. Even major cryptocurrencies trending in the green are seeing insignificant increases.

The most obvious outlier and exception is Lido’s LDO token. The cryptocurrency is up 20% in the past 24 hours.

On another note, the sentiment seems to be improving a bit, despite still being in extreme fear territory. As of this writing, the value sits at 21 – a huge improvement from yesterday’s 15.


Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off Binance Futures fees for the first month (terms).

PrimeXBT Special Offer: Use this link to sign up and enter code POTATO50 to receive up to $7,000 on your deposits.

Disclaimer: The information found on CryptoPotato is that of the cited authors. It does not represent the opinions of CryptoPotato on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decision. Use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency Charts by TradingView.


Comments are closed.