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Bitcoin Fluctuates With Investor Risk Sentiment Waning

  • Token seen facing key test at 55-week simple moving average
  • Cryptocurrency is down about 30% since hitting record high
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What Crypto’s Breakout Year Means for the Market in 2022
Updated on

Bitcoin fluctuated in a fairly narrow range of less than 5% with risk sentiment across global financial markets dwindling. 

The largest cryptocurrency by market value was little changed after declining as much as 2.5% to $45,583 on Monday in New York. It has slumped about 30% since setting a record high in early November. Ethereum edged higher, while popular DeFi tokens such as Solana, Cardano, Polkadot and Polygon also swung between gains and losses.