The crypto market is relatively stable at the start of the year, with no major price movements from any of the leading cryptocurrencies.
Bitcoin (BTC) continues to trade in the $45,000-$52,000 window that it has remained within since early December, though has fallen to the lower bounds of it at the start of 2022.
Ethereum (ETH) has slipped below the $4,000 mark that it had managed to hold above for so long, but has shifted in value by less than 1 per cent over the last few days.
Several high-profile figures within the cryptocurrency space have predicted big things for bitcoin this year, with the illusive six-figure price target still seen as a realistic outcome for many analysts and traders.
Part of the reason for this is the huge momentum carried over from 2021, which saw massive institutional and retail interest – exemplified on Monday by former First Lady Melania Trump celebrating the anniversary of bitcoin.
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