In terms of total capitalization, it remains at an all-time high, almost at $ 2.8 trillion., thanks to the increases in the Binance Coin, the ripple, Solana or Polkadot, which advanced more than 20% in the last seven days. For its part, Shiba Inu drops to 11th place and falls 22%.
At the moment, it is striking that trading volume on the Bitcoin spot market continued to decline despite the price rally in the last month. In fact, the seven-day average is down nearly $ 1 billion from the previous week, according to data compiled by Arcane Research.
“Trading volume has declined substantially since bitcoin hit its all-time high on October 20, but it should rise sharply if bitcoin again challenges its all-time high soon,” Arcane wrote in a report Wednesday.
Experts have not yet given up hope that new all-time highs will be seen again before the end of the year. Without going any further, the experts of JP Morgan believe that alternative assets, including cryptocurrencies, “They should continue to outperform in 2022.” A price target of $ 73,000 seems reasonable, they say, if relative volatility continues into next year.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
