• Bitcoin entered the new year flat at around $16,500, with almost zero volatility for the digital asset.
• Nexo’s native cryptocurrency was today’s best performer, with a massive double-digit surge amid a calm market.
• Most altcoins also failed to produce any significant volatility, aside from the two recent high-flyers – OKB and Toncoin.
The year 2022 was a rollercoaster ride for Bitcoin, starting off the year with a high of almost $50,000, only to end with a 65% lower valuation. As we enter 2023, the market has remained relatively flat with almost no volatility in sight. Bitcoin is currently trading at around $16,500, with no major price movements taking place in the past few weeks.
Despite the lack of volatility in the market, there has been some positive news, with Nexo’s native cryptocurrency being the day’s best performer. The digital asset has skyrocketed by more than 15% on the day, with traders speculating that this could be the start of a bull run. Other altcoins such as OKB and Toncoin have also been performing well, with both assets seeing significant gains in the past few days.
The lack of volatility in the cryptocurrency market has led many analysts to speculate that the current trend could continue into the foreseeable future. With no major price movements taking place, it seems that the market could remain flat for the foreseeable future. However, this could also be a sign of investor confidence, as traders remain unshaken by the current market conditions.
Overall, the cryptocurrency market has been relatively quiet as we enter the new year. Bitcoin remains flat at around $16,500, with no major price movements taking place. Nexo’s native cryptocurrency has been the day’s best performer, with the asset surging by more than 15%. Other altcoins such as OKB and Toncoin have also been performing well, but there has been no significant volatility for the rest of the market. As the year progresses, it remains to be seen whether we will see an increase in volatility or if the market will remain flat.