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    Home » BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE By Cointelegraph
    XRP

    BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE By Cointelegraph

    WebDesk20 December 2021No Comments2 Mins Read
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    (BTC) continues to lose ground in December, a signal that traders may be locking in their gains before the end of the year. The lack of a Santa rally in the U.S. equity markets indicates that the risk-off sentiment prevails due to the uncertainty regarding the spread of the COVID-19 omicron variant in several parts of the world.

    Even after the sharp drop in Bitcoin’s price, the demand from institutional investors remains tepid, and data shows that the largest institutional Bitcoin product, the Grayscale Bitcoin Trust (GBTC), is trading at a discount of more than 20%.

    Daily cryptocurrency market performance. Source: Coin360