Cryptocurrencies belied their reputation for volatility, as they didn't seem to react to the large moves in major traditional assets on Tuesday.continued to tread water slightly above $62,000, with each drop below that price level quickly reversing but otherwise trading aimlessly. It was down 1.
"Crypto volumes and volatility have languished while the crypto-native community itself has increasingly rotated into short-lived memecoin narratives and away from majors," he added.Zooming out to a longer timeframe, bitcoin is just consolidating below its all-time record, building a launchpad to much higher prices next year, well-followed trader Bob Loukas said.
"We are still ahead of all other cycles. 2012 and 2016 wouldn't see new all-time highs for another 5-6 months," CryptoCon said in an. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation.
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