• Bitcoin prices have remained largely frozen near levels they’ve held for the past week.
• CoinDesk’s Chief Insights Columnist David Z. Morris recently highlighted the seriousness of charges brought against crypto exchange giant FTX’s CEO Sam Bankman-Fried.
• CoinDesk TV offers insightful interviews with crypto industry leaders and analysis.
Cryptocurrency markets have been largely frozen in the last week of 2022, with the price of Bitcoin (BTC) drifting lower in Tuesday trading, albeit not by much. At the time of writing, the largest cryptocurrency by market capitalization was trading at around $16,700, off 1.3% over the past 24 hours but near its most recent support just under $17,000. BTC’s price has remained resilient over the past two months, despite the widespread introduction of new regulations in the crypto space.
The resilience of the crypto market has been further tested by the events of the past few weeks. In November, CoinDesk’s (CD) Chief Insights Columnist David Z. Morris highlighted the seriousness of the charges brought against crypto exchange giant FTX’s CEO Sam Bankman-Fried. The U.S. Department of Justice subsequently charged Bankman-Fried with wire fraud and other alleged crimes, and after posting bail, he is confined to his parents California home except to exercise, and must wear a tracking device.
To gain further insight into the crypto space, investors and traders can tune into CoinDesk TV, which offers insightful interviews with crypto industry leaders and analysis. Additionally, First Mover, CoinDesk’s daily newsletter, provides a comprehensive look at the moves in crypto markets in the context of a rapidly-changing industry.
Cryptocurrency investors are also paying close attention to the price of gold, which recently hit a record high of $1,821, up 1.4% for the day. Gold prices have been steadily increasing since the beginning of the year, and have been buoyed by the current low-interest rate environment.
It remains to be seen how long cryptocurrency prices will stay frozen near their current levels, but with the introduction of new regulations and the continued rise in gold prices, the crypto space will continue to be an area of close scrutiny in the coming year.