Sign Up on MEXC
Crypto News Today Live Updates December and Latest News: (31 December 2022) The global cryptocurrency market looked stagnant over the past week. The cumulative market cap dropped below $800 already. However, it now stands at $794 billion.
Traders’ sentiment also looks stagnant as 24 hour trading volume is up by just 4% to stand at $27 billion.
Crypto News Today Live Updates
Crypto Bull Run Ahead?
As per the report, BTC’s recent price drop closely depicts the bear market patterns which can be found in the previous cycles. The 2018 bear market lasted for more than 364 days while the 2014-15 bear market lasted for around 407 long days.
Bitcoin price has bottomed 376 days after peaking but if BTC reaches the bottom in 2023 then it will be the longest drawdown ever. What To Expect Ahead? Read More Here
Valkyrie Unveils Proposal For GBTC
As per reports, Valkyrie Investments gave out a proposal to take on a much larger rival product. It wants to become the new sponsor and manage the largest crypto fund, the Grayscale Bitcoin trust. The asset manager roughly manages $180 million and seeks to taka benefit of the massive discount in Grayscale Investments.
Bitcoin Dominance Decline To 40%
Bitcoin price is marginally up over the past 24 hours as traders’ positive sentiments continue to decline. BTC is trading at an average price of $16,551, at the press time. Its 24 hour trading volume is up by 2% to stand at $15.3 billion. Bitcoin’s dominance is currently 40.12%, a decrease of 0.04% over the day.
Crypto Market Slump Continues
The global cryptocurrency market looked stagnant over the past week. The cumulative market cap dropped below $800 already. However, it now stands at $794 billion.
Traders’ sentiment also looks stagnant as 24 hour trading volume is up by just 4% to stand at $27 billion.
