Lisa Pauline Mattackal (Reuters)
PREMIUM
London, United Kingdom ●
Tue, January 10, 2023
Bitcoin’s looking steady in 2023. But it’s only been a week.
Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5 percent to $871 billion since Jan. 1, but it’s still down over 57 percent from this time last year.
Bitcoin itself has gained 4.3 percent since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world’s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data.
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