• Bitcoin held steady throughout the Christmas holiday weekend at about $16,900.
• Most other major cryptos were flat, with a tint of green over red.
• Investors largely ignored crypto and the macroeconomic uncertainties that have plagued the world in 2022.
It was a quiet Christmas weekend for the crypto markets, with Bitcoin holding steady at about $16,900 and most other major cryptos flat or slightly green. This lack of movement in the markets comes as investors largely ignored crypto and the macroeconomic uncertainties that have plagued the world in 2022.
First Mover Asia took a look back at CoinDesk’s best and most impactful stories from the past year and considered one of the upsides to the series of debacles that have deeply wounded the industry. Columnist David Z. Morris argued that investors’ growing uncertainties about crypto’s future will root out careless speculation and refocus attention on “good deals and ideas.”
The CoinDesk Market Index (CMI) was at 799.40, up 3.7 points, or 0.5%, while Bitcoin was at $16,872, up 50.8 points, or 0.3%, and Ethereum was at $1,224, up 6.6 points, or 0.5%. The S&P 500 closed at 3,844.82, up 22.4 points, or 0.6%, and gold was at $1,809, up 13.4 points, or 0.7%. The 10-year Treasury yield was at 3.75%, up 0.1%.
Investors were keeping a close watch on the markets, as all eyes turn to the new year and what it might bring for the crypto market. After what has been a turbulent year, many are hoping for a more stable 2021. With Bitcoin holding steady, it looks like investors may be cautiously optimistic about the future.