Market Snapshot – Cryptos Move Higher after Christmas

Quiet Trading Likely

It is likely to be a quiet day of trading in the markets as we are in a holiday period. Europe continues to be on leave while the US markets are set to open later today after the long weekend of holidays. It is unlikely that the liquidity and the volatility are going to pick up anytime soon as the markets continue to be on holiday mode and hence we can safely say that the trading is going to be short and quiet for today and for rest of the week as well. We expect the liquidity to pick up only during the second week of January and until that time, the traders have to get used to some slow and choppy trading.

Bitcoin Prices Move Higher

Bitcoin prices have returned from their holidays, so to speak, as the price rise has picked up pace after Christmas and the prices have been moving up. This has been helpful for the rest of the crypto markets as well as they have also shot higher showing the inherent strength in this market during this period. Profit-taking continues though and this has placed some pressure on the prices but the volatility is expected to move higher in the coming days as we move towards the beginning of the new year.