Bitcoin is so 2021. Here’s why some institutions are set to bypass the No. 1 crypto and invest in Ethereum, other blockchains next year
A weekly glimpse at the most critical moves and news in the crypto and predictions in digital assets.
Bitcoin BTC/USD, down 2.03 percent, remained steady from seven days ago, posting a 0.2 percent loss. The cryptocurrency, which is down nearly 30% from its all-time high of $68,990 in November, has been under selling pressure over the previous several weeks. Investors expected the Federal Reserve to accelerate bond purchases and likely raise interest rates three times in 2022. However, bitcoin surged following the Fed’s announcement on Wednesday.
Ether ETH/USD has declined 3.57 percent in the last seven days and is currently trading at roughly $4,028. According to CoinDesk, it was down more than 15% from its all-time high of roughly $4,866.
Dogecoin DOGE/USD, -1.63 percent has gained 3.4 percent in the last seven days, while Shiba Inu SHIB/USD, -2.34 has lost 4.4 percent.