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December 8, 2023
Cryptocurrencies continued their downward trend on December 8, with Bitcoin falling below $43,000. Ethereum was also affected, falling below $2,300.
Prices of the main cryptocurrencies
* Bitcoin: $43,538
* Ethereum: $2,361.95
* Tether: $0.9986
* Binance Coin: $239,801
*XRP: $0.63820
* Cardano: $0.43081
* Solana: $62.9565
* Polkadot: $5.90210
* Tron: $0.10564
Outstanding news
Do Kwon, founder of Terraform Labs, will be extradited to the United States. Kwon is accused of fraud and market manipulation in connection with the collapse of the TerraUSD stablecoin.
El Salvador calls for a thousand people for its 100% bitcoinized visa.
The Salvadoran government is offering a special visa to investors who buy at least 3 bitcoins.
Sotheby's auctions its first Bitcoin NFT collection. The collection, called "Genesis," includes 10 digital artworks created by artists from around the world.
Analysis
The downward trend of cryptocurrencies is due to a number of factors, including:
The increase in interest rates by central banks, which makes safer investments, such as bonds, more attractive.
Global economic uncertainty, which has caused a flight of capital from risk assets.
Regulatory concerns about cryptocurrencies, which have led some investors to liquidate their positions.
The downward trend in cryptocurrencies is likely to continue in the coming months unless there is a significant change in economic or regulatory conditions.
