The Christmas holiday week in Crypto shows stability in the market as Bitcoin remains stable at $16.8k, Ethereum is still at $1,200, and altcoins go through small ups and downs.
Bitcoin seems to have found its permanent place between $16k and $17k in December after the FTX-Alameda collapse. The world’s biggest cryptocurrency which once peaked at $68k has failed to pick up from below the $20k range for months now.
According to CoinMarketCap, the market cap of BTC is $324 billion with a 24h trading volume of around $12 billion.
The second dominating cryptocurrency, Ethereum trades in the range of $1,100 and $1,200 in the last month of the year. Although the movement shows green signals, it’s nowhere near its high price and has lost market cap over the year, just like other digital coins.
ETH has only managed to rise 1% over the week and is currently trading at $1,223.
Other altcoins haven’t shown much improvement. Following is the 7d chart data of these coins:
- Solana(SOL): -9.03%
- Polkadot (DOT): -1.93%
- Dogecoin (DOGE): 0.64%
- BNB: -2.16%
- Polygon (MATIC): +1.59%
The last week of 2022 is somewhat green but, the prices aren’t anywhere near high compared to 2021.
