There was no noise in the markets, indicating that it was on wait-and-watch mode.
Crypto markets traded flat in the last 24 hours as investors and traders remained cautious of upcoming trends in global macroeconomic conditions. Market enthusiasm was muted after a brief sell-off that had taken off after the interest rate hikes. On a positive note, analysts claimed that most of the selling was concluded and the markets would not fall further.
Long-term investors are also being careful around the accusations and claims of prominent exchanges falling prey to liquidity issues similar to the incidents occurring in the crypto space in November. This was probably playing a role in the markets not posting a positive uptrend in the last 24 hours. Analysts claimed traders and investors were awaiting clarity before taking the next steps.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16700 on December 19, 2022, with BTC/USD up by 0.07% in the last 24 hours. BTC/USD is trading below its 20-day EMA (16,909.95), with most altcoins registering declines in the last 24 hours. Experts couldn’t confirm anything concrete at present, but most crypto proponents remained optimistic with the long-term perspective of the markets.