Home AlTcoins December 26, 2022 Weekly Recap

December 26, 2022 Weekly Recap

December 26, 2022 Weekly Recap

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Merry Christmas!

Past week was fairly quiet. The CVI is down (66.6 at press time), fear and greed index is flat (29) and total market cap has not changed from past Monday ($809 billion as of today). BTC and ETH prices remain nearly the same (0.3% and 2.2% increase in the past 7 days) and even two of the top gainers and top losers are the same as in our digest a week ago. But a few interesting things still happened and we noticed at least one Christmas miracle!

Market indices and prices:

Fear and greed index is at 28 today, one point below the level as of last Monday, December 19, 2022. The index declined to 26 in anticipation of the US GDP third quarter 2022 figures release, but mainly stayed at 29 over the past week.

Crypto Volatility Index (CVI) is 66.6 at press time on December 26. The CVI declined during the past week by 10%. The index is substantially lower than the 90-day average of 80.2 and 180-day average of 84.5.

Total market capitalization is $809 billion at press time. Total market cap fluctuated in the range of $790 to $812 billion during the past week.

The bitcoin dominance on December 26 is 39.95%, an increase of 1.08% from 38.87% as of December 12.

BTC price as of today (4:00am UTC) was $16,900, which is only 0.5% off from the 7-day VWMA (volume weighted moving average) of $18,838.3. During the past week, BTC experienced little volatility, with the highest price of $17,013.1 on December 20, and the lowest price of $16,398.1 on December 19. The 20-day EMA (exponential moving average) is currently at $16,926.1.

ETH price as of today (4:00am UTC) was $1,222.2. The 7-day VWMA is currently at $1,218.4 and the 20-day EMA level is at $1,228.

Two of the top-3 gainers from the past week’s digest, XDC and OKB, remain on this week’s list, but we also have a newcomer:XDC (XDC Network) continued to rally. This week the price increased by 12.2% compared to 15.5% last week…

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