Experts don’t expect the present situation of low volatility to continue, though, as a market trigger has always followed such periods in the past.
Crypto prices remained unchanged in the previous 24 hours as the holiday season has been unable to generate a rally in BTC or any major altcoins. Opinions were mixed on the way ahead for BTC as some experts argued that the volatility wouldn’t remain for long. Others were apprehensive and maintained that if Bitcoin could not cross $17150 before the new year, the $13900-$17150 range could become the new normal for BTC.
ETH has also been trading at the same approximate levels for a few days, even with bulls trying to make it cross the $1300 level. Dogecoin and Shiba Inu also witnessed small losses, while Polygon, Cardano, Polygon and many other cryptos traded flat. As a result, the market capitalization of the crypto markets remained below $1 trillion while carrying on with the low volatility.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16800 on December 27, 2022, with BTC/USD down by 0.29% in the last 24 hours. BTC/USD is trading below its 20-day EMA (17,015.27), with most altcoins trading sideways. The silver lining in the current economic climate was being seen in central banks and governments worldwide implementing regulatory laws, which are expected to catapult the crypto markets and various blockchain projects into a sustainably regulated environment..