Bitcoin started the new year trading in the same narrow range that it occupied for the last two weeks of 2022...The price of exchange tokens tends to follow the news and has been unaffected by potential SEC actions. JPRubin23 and TheSamReynolds report
Bitcoin Celebrates the New Year With Old PricingAs investors savored the waning hours of the extended New Year's holiday weekend, bitcoin plugged along in the same narrow range it occupied for the last 15 days of 2022.
"The crypto community won't be sad to see the back of 2022 and who can blame them?" quipped Craig Erlam, senior analyst at foreign exchange market maker Oanda, in a recent email."Who knows what's to come in 2023 but at the very least, they'll be hoping to put the FTX scandal behind them and focus once more on innovation and adoption."
SOL, the native cryptocurrency of embattled blockchain platform Solana, continued a surge that began last week when Ethereum co-founder Vitalik Buterinpositively about the protocol. SOL was recently up 13%, although at just above $11, it has lost 93% of its value from a year ago when it was trading over $176 – a result of its entanglement with the imploded Terra ecosystem and FTX.
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