Stock Groups

BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE -Breaking

[ad_1]


(BTC() continued to lose ground during December which could indicate that traders are locking in their gains prior the end of this year. Due to uncertainties regarding the spreading of COVID-19 omicron in many parts of the globe, there has been no Santa rally in U.S. equity market.

Even after the sharp drop in Bitcoin’s price, the demand from institutional investors remains tepid, and data shows that the largest institutional Bitcoin product, the Grayscale Bitcoin Trust (GBTC), is Trading at a discount greater than 20%.

Everyday cryptocurrency market performance. Source: Coin360