Bitcoin and other cryptos did not witness much change as the broader crypto market traded flat.
Crypto markets witnessed another day of little to no movement as there was dim participation from all stakeholders. Major altcoins traded at stable levels, maintaining their earlier positions. The present conditions are expected to continue in the markets as traders and investors are reluctant to participate in the present uncertain scenario. A few experts claim there may be a minor rally because of the holiday season, but that remains to be confirmed, with countries worldwide adopting a hawkish stance.
Since the world grappled with regulatory issues with crypto exchanges in late 2022, the crypto space has been observed much more minutely. Experts have repeatedly called for exchanges to brace for further regulations from authorities. Decentralization, proof of reserves, and adequate liquidity are some of the issues analysts have underlined for initiating a better future for the crypto industry from 2023 onwards.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16800 on December 22, 2022, with BTC/USD down by 0.05% in the last 24 hours. BTC/USD is trading below its 20-day EMA (16,968.31), with most altcoins showing minimal movement in the last 24 hours. Analysts have pinned their hopes on 2023 to bring better prospects for the crypto industry, with many interesting projects in the web3 space lined up.