Cryptocurrencies Approach New Year in Positive Mood

Cryptocurrencies moved toward the year end in a positive mood, with bitcoin – the world’s largest crypto by market capitalization – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show.

Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the highest price since Wednesday.
All of the 10 largest cryptocurrencies by market cap were advancing as of 10:35 UTC, though all are lower than at the same time a week ago and all except Terra’s LUNA token and stablecoins tether and USDC are down more than 10% since the beginning of December, Messari data show.
LUNA rallied after a November community proposal to “burn” tokens, or permanently remove them from circulation. It touched a record high of $103 earlier this week. In the past 24 hours, it has added 4% to almost $90.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Consensus

01

02

15

34

Cryptocurrencies Approach New Year in Positive Mood

Bitcoin advanced to its highest price in three days, though all of the biggest cryptocurrencies are negative for the week.

10 Years of Decentralizing the Future