Crypto Markets Start Year on Positive Note After Horrendous 2022

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Crypto Markets Start Year on Positive Note After Horrendous 2022
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Lido, the governance token of the Lido decentralized autonomous organization, surged 26% in the first few days of the year, the top performer so far in 2023 in the CoinDesk Market Index (CMI). _jocelynyang_ reports

Bitcoin has hovered between $16,000 and $17,000 for 19 consecutive days, after a horrendous 2022 during which the largest cryptocurrency lost 64%.

Looking at sector performance, CoinDesk Market Index sector indices are in the green across the board during the first few days of the year, led by the Culture and Entertainment sector, up 5% through Tuesday. The DeFi sector is up nearly 4%.

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