Here’s a video recap of some events that moved markets this month |
Dec. 27, 2022
What happened today in crypto markets
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Hello, and welcome to a special issue of Crypto Markets Today!
As we wrap up the holiday season and approach the new year, we decided today would be a good day to share some of our most-watched CoinDesk TV videos from this month.
It’s been an exhausting and painful year as traders nurse losses associated with crypto companies struggling. Bitcoin has fallen 64% in 2022 as trading volumes drop.
FTX Founder Sam Bankman-Fried arrived at his parents’ home in Palo Alto, California, according to the New York Post. This comes after he was released on a $250 million bond and will remain under house arrest while awaiting a federal trial on multiple charges of fraud. Former SEC Enforcement Branch Chief and Bragança Law Attorney Lisa Bragança discusses the latest legal developments.
Former U.S. President Donald Trump is launching a digital trading card collection. “The Hash” panel discusses what to make of Trump jumping on the digital collectibles bandwagon in the latest move bringing together fan engagement and politics.
The cryptocurrency’s 50-week simple moving average (SMA) is falling fast and looks set to cross below the 200-week SMA for the first time on record. According to technical analysis theory, the bearish intersection of the two averages often referred to as the death cross, means the market is about to head into a tailspin. Path Trading Partners co-founder and Chief Market Strategist Bob Iaccino weighs in.
Binance, the world’s largest exchange by trading volume, has faced billions of dollars in net outflows recently, after rival exchange FTX filed for bankruptcy and decreased investor confidence in the crypto markets. Nansen analyst Andrew Thurman discusses the latest developments and what he’s seeing on-chain.
Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
