Major cryptocurrencies were in the green like globally on Thursday evening cryptocurrency The market cap rose 0.4% to $798.2 billion as of 7:13 p.m. EST.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 0.45% | -1.1% | $16,639.15 |
| ether ETH/USD | 0.8% | -1.3% | $1,200.97 |
| Dogecoins DOGE/USD | 0.6% | -7.6% | $0.07 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Bit Dao (BIT) | +18.6% | $0.33 |
| clay coin (TON) | +6.9% | $2.11 |
| Trust wallet token (TWT) | +5.9% | $1.33 |
See also: The 6 best cryptocurrencies to invest in 2022
Why it matters: Bitcoin and Ethereum traded nearly 0.4% higher on the day and 0.8% higher as the year ended. At the time of writing, the top two coins were resilient even as US stock futures turned red ahead of the final trading day of 2022.
“Investors are entering 2023 with a cautious attitude, prepared for further interest rate hikes and anticipating recessions around the world. The bar is low, but arguably reasonable,” he said Craig Erlama senior market analyst at OANDA.
“Bitcoin continues to happily tread water and watch the storm pass while oscillating in a range of around $16,000 to $17,000. That has been broadly the case for the past few weeks and doesn’t look like that will change in the coming days bar some unexpected headlines,” Erlam said in a note seen by Benzinga.
Erlam wrote that he is not convinced if the Apex Coin has “bottomed” and how long it will take for investor confidence to return.
“I’m unconvinced by either in the short term and think there will be many more twists and turns early next year.”
Michael van de Poppe said that bitcoin faced a harsh rejection at the $16,800 and $16,600 levels. “Looks like we’ll be testing the block again for around $16,400 [Bitcoin]’ said the trader.
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