At the end of 2022, it resulted in virtually zero volatility in bitcoin, which remained unchanged at around $16,500.
Most altcoins have failed to generate any significant volatility, apart from two recent big clients – OKB and Toncoin.
Bitcoin stopped at $16.5K
In yesterday’s market watch, encrypted potatoes It summed up the overall Bitcoin price movements in 2022, which started at a high of nearly $50,000, but ended with a 65% drop after a violent year that saw several crashes.
While zooming in to examine BTC’s performance over the past few weeks, one can easily notice the absence of any major price movements. The cryptocurrency has been stuck in a range between $16,000 and $17,000 since the failed attempt to conquer $18,000 on December 14.
The final hours of 2022 did not offer any price fluctuations, and bitcoin stuck around $16,500. The start of the new year hasn’t taken its toll yet, although there have been some troubling predictions from analysts who claim that supply could drop further based on the behavior of the whales.
However, for the time being, bitcoin’s market cap remains below $320 billion, while its dominance over altcoins remains quiet at 40.1% on CoinMarketCap.
Nexo double digit pumps
Although altcoins are significantly more volatile than bitcoin in nature, this has not happened recently. Most major caps have produced small movements, including Ethereum. It fell below $1,200 a few days ago and has failed to regain that level since then. ETH is silent on a daily scale again now too.
Binance Coin, Cardano, Dogecoin, Polygon, Polkadot, Tron, and Shiba Inu all fell less than 1% in one day.
OKB and Toncoin are among the best performers today, just like yesterday. OKB stock is up 4% at $27, while the latter is jumping 5% and trading above $2.2.
However, NEXO has made the most profit out of the top 100 crypto assets by market cap, with a whopping 15% daily increase. As such, the lender’s original token approached $0.7.
After Bitcoin 2023 entered flat at $16.5K, Nexo Skyrockets 15% (Weekend Watch) debuted on CryptoPotato.