Bitcoin sees little price movement as investors continue to shy away from riskier assets. Consumer credit debt will likely reduce liquidity for investment in crypto markets. GWilliamsJr_CMT writes
In the final week of 2022, bitcoin’s tepid price movement veered from a recent, year-end pattern of wide swings stemming largely from investors' anticipation of heightened volatility.The weak price action capped a disappointing 2022 for BTC – a year that was hard on risk assets as the tech-focused Nasdaq and S&P 500, which has a strong technology component, plummeted 33% and 19%, respectively.
Looking ahead, the same crypto ballad of woe still has a few notes left, despite investor hopefulness that the bear market will peter out. The push and pull between inflation control and economic stimulus in the world’s two largest economies by gross domestic product remains unsettling for global asset markets.
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