Daily Market Update: Dec 30, 2022

December 30, 2022

BTC is currently trading around $16,500 and ETH around $1,200.  Notable gainers in the last 24 hours are OKB, ETHW, and SOL.  The global crypto market cap is $824B, down 0.8% over the last day.  DeFi Total Value Locked is ~$39b and BTC dominance is around 42%.

Traditional financial markets are little changed, while crypto prices are down slightly on the final trading day of the year for traditional finance.  Notable news includes: The Bahamas Security Commission is temporarily holding $3.5b in FTX assets for safekeeping; FTX Japan plans to refund customers starting in February 2023; SBF reportedly cashed out of $684,000 of crypto while under house arrest; wallets linked to SBF’s Alameda Research are swapping and transferring crypto funds via coin mixers; Turkey’s central bank completed its first trial of its CBDC, the Digital Turkish Lira; the co-founder and CEO of Canadian bitcoin mining firm Bitfarms resigned; Vitalik Buterin tweeted support for Solana after SOL’s recent price decline; and, the FBI is reportedly investigating the 3Commas API leak.

Dec-30-2022

Authors:
Matt Kunke, Junior Strategist | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TelegramLinkedIn

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