What is the situation of the #mercado of crypto assets prepared by Simon Peters, expert analyst in crypto assets at the eToro investment and trading platform.
Movements
#bitcoin $BTC failed to regain momentum last week and has been nervously trading just above the $40,000 level. The crypto asset has fallen almost 6% week over week, as traders await further confirmation - which will probably not come before 2023 - of the approval of bitcoin's #ETF .
Bitcoin started last week above $43,000, but has fallen throughout the week and is now trading just below $40,700 on eToro.
For its part, the #Ethererum $BTC fell more than 7% last week, after starting on Monday above $2,300 and declining throughout the week until trading around $2,300. the 2,150 dollars.
What to expect from the week
With a week left until #Navidad , trading in the investment markets, and cryptoassets by extension, is likely to start to look a little thin on volume as traders go to bed for the holidays.
There are few events on the agenda that could affect crypto markets globally. Japan's latest monetary policy decision is due on Tuesday, while the UK's Office for National Statistics (ONS) will release inflation data on Wednesday.
A higher-than-expected inflation reading could cool UK markets on bank rate expectations, but this is largely a sideshow relative to the broader cryptoasset market at the moment.
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Investing in crypto assets is not regulated in some EU countries or the United Kingdom. There is no consumer protection. Your capital is subject to risks.
