One more week of stagnation tested the patience of traders, as the end of the year sees both the potential for a rally, but also the fear of another capitulation event and a deeper sell-off.

Bitcoin (BTC) saw a small shakedown toward $6,300, but once again returned closer to the $6,400 range. Volatility remains extremely low across currency pairs, and this time, altcoins were also stagnant. BTC traded at $6,332.64, on volumes of about $4 billion in 24 hours.

The USDT trading remained around 44% of all BTC volume. The USDT price has inched closer to the USD price. At this point, appetite to speculate on BTC prices has dropped, and indicators point to most of the coins remaining locked in wallets and not entering the market at this stage.

Ethereum (ETH) inched…

This article appeared first on Cryptovest

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