Final thoughts on your bitcoin Cristmas
The total crypto market cap is currently around $1.37 trillion, down 0.6% in the last 24 hours, according to CoinGecko. When will crypto rise Risk-focused, bespoke financial services for forward-thinking investors
Did bitcoin drop two weeks
In late 2021 and into mid-2022, cryptocurrency prices rose and fell similarly to equity prices, as per data received from Investopedia. The same can be seen now as well as tech stocks such as Amazon, Tesla, Apple dipped more than 6 per cent, if you look at S&P 500 chart. This is a big deal in the equity market. Similar pattern was seen in the crypto market as well. Bitcoin, Musk backed Dogecoin, and Ethereum on Monday fell below $23,000. Though manipulation is unproven, the signs are troubling According to experts, the true contagion effects of the FTX fiasco will continue to unravel in the next few months "Overall, during 2023 crypto markets should trade sideways, with a downward bias due to the latest setback on institutional trust in the system. However, there are several token specific events that could trigger price rallies for individual tokens. For Bitcoin, the run-up to the halving event of 2024, any favorable regulations and major adoption by companies or countries could result in a price rally. For Ethereum, the Shanghai upgrade towards the end of 2023 could be a positive trigger," says Path Chaturvedi, Crypto Ecosystem Lead, Coinswitch.Fed Chair suggests rate pause
The supply distribution of Bitcoin continues to be a topic of great interest, both for the analysis of the flow of capital, but also for observing cohort behaviors of the holder base. The distribution of coins is also the subject line for many Bitcoin critics, often mis-quoting large wallets as evidence for a heavy supply concentration held by a small handful of whales. Cookies on the Economic Times website This development could hint at investors potentially renewing their interest in altcoins, with recent data by Blockchaincenter showing that 55% of the top 50 cryptocurrencies have outperformed Bitcoin in the past 30 days.
