For the analyst, the question to be resolved by the market is to know “if it has bottomed out and how long it will take for confidence to return, which would allow for a strong recovery.” I’m not convinced of either in the short term and I think there will be many more twists early next year,” he explained.
The little activity of the Christmas dates has allowed cryptocurrencies to get some air after a particularly bumpy end to the year in an already turbulent 2022. All in all, digital assets will have to continue dealing, especially in the near future, with the consequences of the fall of FTX.
What about the rest of the market?
In the rest of the market, notable gains. Binance coin (BNB) and ripple (XRP) bounce between 1.3% and 1.5%, while dogecoin (DOGE) scores a bounce of almost 4%, a percentage that exceeds cardano (ADA). Polygon (MATIC) is up 3%, while polkadot (DOT) is up 4.5% and litecoin (LTC) and solana (SOL) are up 7.7% and 14.8% respectively.
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Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
