The top of 2022 introduced virtually zero volatility for bitcoin, which remained flat at round $16,500.
Most altcoins additionally failed to supply any important volatility, except for the 2 current high-flyers – OKB and Toncoin.
Bitcoin Stalls at $16.5K
In yesterday’s Market Watch, CryptoPotato summarized bitcoin’s total value actions in 2022, which began on a excessive be aware at virtually $50,000 however ended 65% decrease following a violent yr that noticed a number of collapses.
Whereas zooming in to evaluate BTC’s efficiency for the previous few weeks, one can simply discover a scarcity of any substantial value actions. The cryptocurrency has been caught in a variety between $16,000 and $17,000 for the reason that failed try to beat $18,000 on December 14.
2022’s remaining hours didn’t ship any value fluctuations both, and bitcoin remained caught at round $16,500. The beginning of the brand new yr is but to make its mark, though there’re some worrying predictions from analysts claiming that the asset may drop even additional based mostly on the whales’ conduct.
Presently, although, bitcoin’s market capitalization has stayed beneath $320 billion, whereas its dominance over the altcoins sits calmly at 40.1% on CoinMarketCap.
NEXO Pumps by Double Digits
Though the alts are considerably extra risky than bitcoin by nature, this has not been the case these days. Most bigger caps have produced small strikes, together with Ethereum. It dipped beneath $1,200 a couple of days in the past and have did not reclaim that degree ever since. ETH stands quiet on a each day scale as soon as once more now, too.
Binance Coin, Cardano, Dogecoin, Polygon, Polkadot, Tron, and Shiba Inu have all slipped by beneath 1% in a day.
OKB and Toncoin are among the many finest performers as we speak, as they had been yesterday. OKB is up by 4% and sits at $27, whereas the latter has jumped by 5% and trades above $2.2.
However, NEXO has gained probably the most from the highest 100 crypto property by market cap, with an enormous 15% each day surge. As such, the lender’s native token has neared $0.7.
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