The Cryptocurrency Market in the United States is Declining as Transaction Prices Grow.
In early Tuesday trading in the United States, several of the major Cryptocurrency assets by market capitalization were down more than 5% as growing transaction fees continued to cut into mining revenues.
Bitcoin sank to $48,650 per unit about midday EST (UTC-5). Ethereal was selling at $3,816 a unit, down more than 8% from its pre-Christmas high, while other popular assets like Polkadot and Shiba Inu were down more than 10%.
What Are the Crypto Trends to Look Out For in 2022?
The Cryptocurrency markets have had a tumultuous year in 2021. When Bitcoin and Ethereum reached their all-time highs in November, the overall Crypto market valuation topped $3 trillion, before slipping down to $2.5 trillion in December. Cryptocurrencies are still a fraction of the price of conventional asset classes like gold, equities, and treasury bonds.
According to a Trader, Cryptocurrency Will Threaten Gold Prices in 2022
In 2022, gold will face growing competition from Cryptocurrencies. Cryptocurrency is “the never-ending story,” according to Robert Levy, managing director of Border Gold in Vancouver, Canada.
Can the Price of Wilder World Recover in 2022?
The Metaverse is a rising trend that has caught the attention of the Crypto space. On November 16, 2021, the Metaverse token Wilder World (WILD) hit an all-time high of $7.60. Wilder World coin value retraced to $3.38 on December 20 after a negative cycle and modestly rose to $4.04 by December 27.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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