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Cryptocurrencies have been mostly lower in recent weeks but were mixed in trading on Monday 20 December. Midway through the session, digital currencies were largely in the red.
Bitcoin ended the US trading day up a modest 0.80%, along with a 0.59% gain for Ethereum, while Litecoin was down 0.22% and Monero up 3.70%.
US crypto markets down as outflows increase to $142m last week
The US cryptocurrency market opened down on Monday, as outflows from popular exchanges increased to $142m (£107.48m) from 13 to 17 December. At 17:00 UTC on Monday, Bitcoin was down more than 2% to $46,000 per unit while other popular assets like Ethereum and Cardano suffered larger losses of 2.4% and 3.4%, respectively.
Paraguay’s Senate passes bitcoin regulations
Paraguay’s Senate has passed legislation regulating bitcoin in hopes of the Latin American nation becoming the second country in the world after El Salvador to accept the cryptocurrency as legal tender. Approval follows months of discussions, and the bill will see cryptocurrencies taxed and crypto mining regulated. The lower chamber will discuss the bill in 2022.
Analysis: Sand coin price prediction: can Sandbox start to rally?
Sandbox, the NFT gaming ecosystem platform, raised $93m in an investment round and it sent the Sandbox (SAND) token price soaring to its all-time high of $3.45 on 3 November, up 120%. It went up another 150% to peak finally at of $8.51 on 25 November. As of 20 December it had declined to $4.88.
Bitcoin analysis: Where will increased volatility take the price?
Bitcoin has dropped below the $46,000 level, having failed to hold onto the $50,000 mark after the price crashed from $56,000 earlier this month. In this update we look at the recent price action and the outlook for the largest cryptocurrency heading into 2022.
Telcoin price prediction analysis: the future of blockchain remittances on mobile
The second half of 2021 has been relatively stable for Telcoin (TEL) after an explosive spring. Now (20 December) the price is at $0.01229 – back where it was in July. Bear in mind this cryptocurrency started the year at $0.00017 and surged by 35,000% to an all-time high of $0.06 on 11 May, according to CoinMarketCap.
Analysis: ETC coin price prediction. Will it thrive after hard fork?
Ethereum classic (ETC), sometimes seen as the staid older sibling of the sought after and slightly racey ether (ETH), has had a tough fourth quarter. Its price is now at levels last seen in July and is some 80% off its $134 peak in May. In the last month alone, it has sunk over 35% to be at $34.34 as of 20 December.
Kadena price prediction: will KDA retest its highs?
Kadena is a hybrid enterprise-grade blockchain platform that features a novel parallel chain proof-of-work (PoW) model and a new smart contract language called Pact. The KDA token surged to an all-time high of $28.25 on 11 November, but lost almost two thirds of its gains, trading at $10.17 on 20 December. Where to next for KDA?
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This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
