Bitcoin unchanged, dogecoin adds gains amid market lull

Markets • December 22, 2022, 9:09AM EST
The Block

Quick Take

  • Bitcoin was trading at $16,800, relatively unchanged over the past day.
  • Dogecoin gained, adding 4%. 

Crypto prices remain mostly unchanged as Coinbase shares traded lower in pre-market hours. 

Bitcoin was trading around $16,776 at 9 a.m. EST, down about 0.2% over the past day, according to TradingView data. The 24-hour trading volume was down 19%, dropping to around $14.2 million, according to CoinMarketCap.

Ether continued to track bitcoin, which was flat over the past day. Binance's BNB dropped 1.9%, and Ripple's XRP added 0.4%.

Dogecoin bucked the lull in crypto markets, tacking on 4% over the past day. The dog-themed memecoin had been selling off over the past few days, and the change in fortune might single selling fatigue. 

RELATED INDICES

See crypto indices

DOGEUSD chart by TradingView

Crypto stocks

U.S. stock futures fell, with the S&P 500 dropping 0.5% and the Nasdaq 100 dipping 0.7%.

Coinbase fell in pre-market trading, down about 1.4% by 8:50 a.m., according to Nasdaq data. Shares of Block, MicroStrategy, and Silvergate were muted in pre-market trading.


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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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