Cryptocurrency markets started the last week of the year calmly
“The year 2022 was a very active year for the markets, with “inflation”, “interest rate hikes”, “FED” and “decrease in markets” being the most pronounced and heard words.”
Cryptocurrency markets have spent the past week in a rather narrow band gap. Bitcoin, which spent the weekend inactive, started the last week of the year at $ 16,850. Ethereum is also priced above $1200 on the first day of the new week. While the US and European markets are on Christmas holidays, this inactivity can be expected to reflect on the crypto money market.
Cryptocurrency markets started the last week of the year calmly
If we look at the global markets, we left behind a week with weak data flow. In the last week of the year, the data flow will be relatively calm. A market outlook that is influenced by geopolitical news and discourses may dominate.
While the markets were somewhat positive with the positive housing sales and Michigan confidence index on Friday, the S&P500 and Nasdaq indices closed the day positively, albeit limitedly. While we are preparing to complete 2022, the phrases "inflation", "interest rate hikes", "FED" and "decrease in markets" were among the topics we heard most frequently. It seems that we will often hear the words of slowdown in economic activity, recession, recession, inflation and interest rate cuts throughout 2023.
