The crypto markets witnessed mixed movements in the last 24 hours, with most altcoins trading flat.
After jumping almost 4% at the beginning of December, the crypto markets seem to have cooled down, with major cryptos trading flat. BTC and other major altcoins lost minuscule values, but the overall sentiments in the markets remained somewhat cautious. Most experts felt the worst of the bearish trends had gone by, yet others felt the need to remain alert in view of recent market events.
Regulation remained a topic of discussion among the crypto community, with most experts voicing the need for decentralized tools in the market in lieu of centralized exchanges. Countries worldwide have also been working on launching their own digital currencies and formulating new crypto regulatory laws, which were welcomed by the industry. A host of new crypto projects and trends are expected to go live in 2023, with most enthusiasts positive about the crypto industry.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16900 on December 2, 2022, with BTC/USD down by 0.30% in the last 24 hours. BTC/USD is trading above its 20-day EMA (16,886.54) for the second straight day. The markets largely remained at the same levels in the last 24 hours without much noise.