In cryptocurrencies terms, the Bitcoin price increased today, trading almost flat with a positive bias at $16,566.
The market capitalization of all cryptocurrencies is $828 billion, unchanged from the previous day. In cryptocurrencies terms, the Bitcoin price increased today, trading almost flat with a positive bias at $16,566.
Bitcoin and ether prices are up today, while Dogecoin and Shiba Inus are down
This digital token is the biggest and most well-known in the world. However, according to data from CoinGecko, the total market value of all cryptocurrencies today remained below the $1 trillion threshold after remaining unchanged over the previous 24 hours at $828 billion.
On the other hand, Ether, the second-largest cryptocurrency and coin connected to the Ethereum blockchain, was trading slightly higher at $1,195.Shiba Inu gained was down at $0.000008, while Dogecoin's price was trading about 1% lower at $0.06 today.
Today's performance of other cryptocurrency prices was uneven; Tether, Stellar, XRP, Cardano, Litecoin, Polkadot, Uniswap, Solana, ApeCoin, and Chainlink prices saw increases over the previous day, while XRP, Solana, Avalance, Polygon, and Tron prices saw decreases.
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Digital assets were severely impacted by everything from the Federal Reserve's tightening of policy to the implosions of the Terra/Luna ecosystem, hedge funds Three Arrows Capital, and exchangeFTXlast year.
This resulted in major central banks worldwide raising interest rates to combat historical inflation. In addition, the high-profile collapses of Terra/Luna and FTX sent shockwaves through the industry.
They liquidated more than $2 trillion from the total crypto market cap all-time high in November 2021. As a result, 2022 was dubbed the winter season for cryptocurrencies.
The year 2022 saw more than a 60% loss for Bitcoin, which is only the third time it has ever experienced a loss. Ether lost close to 70%, and an index of the top 100 coins dropped by about 65%, along with other cryptocurrencies.
The enterprise software company and well-known largest corporate bitcoin buyer, MicroStrategy Inc., announced several transactions, including its first-ever sale of the cryptocurrency, last week. However, it still has a net buying position.
According to Bloomberg, MicroStrategy held approximately 132,500 Bitcoin totaling more than $4 billion as of December 27, 2022.