Bitcoin, crypto prices little changed as Coinbase, Block trade higher pre-market

Token Projects • December 21, 2022, 8:58AM EST
The Block

Quick Take

  • Bitcoin was trading up 0.2% to $16,848.
  • Coinbase and Block shares rose in pre-market trading. 
  • Grayscale’s GBTC discount to net asset value was wider.

Crypto prices were little changed over the past day while Coinbase and Block shares traded higher in pre-market hours. 

Bitcoin was trading at around $16,800 at 9 a.m. EST, up 0.2% over the past 24 hours, according to TradingView data. The 24-hour trading volume was down 20%, according to CoinMarketCap. 

Ether was relatively flat over the past day, adding just 0.1%. Binance's BNB dipped 0.4%, and Ripple's XRP dropped 0.6%, as did Polygon's MATIC. Dogecoin continued to sell off, dropping 1.3%. 

Crypto stocks

U.S. stock indices futures rose, the S&P 500 gained 0.8%, and the Nasdaq 100 tacked on 0.6%.

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Coinbase was up about 1.2% by 8:40 a.m. in pre-market trading, while shares of Block added 1.4%, according to Nasdaq data. MicroStrategy and Silvergate shares were muted in pre-market trading.

The Grayscale GBTC fund discount to net asset value (NAV) widened to 47.5% from 46%, according to The Block's data. 

The discount had narrowed on Monday as the fund explores returning 20% of capital to shareholders.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.

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