Is the bottom in? Markets rally following festive slump

Published by
City AM

By Darren Parkin The colour of the crypto markets returned to shades of green this morning after spending much of the holiday season sporting a red hue. Bitcoin had looked to all intents and purposes like it was determined to end 2022 on a high as the run-in to Christmas took the flagship cryptocurrency above $18,000. But the upward movement wasn’t to last as it met strong resistance on December 15 that pushed it down on a trajectory towards the $16.5k mark, and almost looked like dropping into the fifteens in the 24 hours ahead of New Year’s Eve. Ethereum showed a similar pattern, although wi…

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