A proposal by crypto exchange Uniswap to test whether reducing trading fees will result in significantly lower volume has attracted a lot of interest from community members and users; bitcoin held steady over 17K. ShauryaMalwa and JPRubin23 reports
As Big Events Approach, Bitcoin Trades Sideways to Hold Over $17KCrypto markets remained calm over the weekend as investors girded themselves for what will likely be the last significant events on 2022's inflation front, the release of November's Consumer Price Index on Tuesday and the U.S. central bank's latest interest rate decision a day later.
In an email to CoinDesk, Joe DiPasquale, CEO of crypto fund manager BitBull Capital noted that bitcoin has managed to hold the"17K threshold," although the CPI, Federal Open Market Committee verdict, as well as the U.S. Labor Department's latest jobless claims report on Thursday could affect prices.
Ether was recently changing hands at about $1,275, also roughly unmoved from the previous day, and when the weekend kicked off. Other major cryptos were trading slightly to the red with decentralized network Cosmos' ATOM recently falling more than 4% and popular meme coin DOGE off 3.6%. TheStocks closed down on Friday following an unexpectedly large rise in November's producer price index , which calculates monthly wholesale prices.
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