At the beginning of this week, cryptocurrency prices moved in a dispersed order. The price of bitcoin has increased, while the Ethereum blockchain is stable then dogecoin and Shiba Inu traded lower.

On Monday, December 26, 2022, the price of Bitcoin rose with the world's largest and most popular digital token trading almost stable with a positive bias at $16,871. Indeed, the global cryptocurrency market capitalization remained below $1 trillion, as it was nearly stable over the past 24 hours at $847 billion, according to CoinGecko data.

Ether, the coin linked to the Ethereum blockchain and the second largest cryptocurrency, was, on the other hand, almost stable at $1,220. For its part, the Dogecoin price was trading above $0.07 today while Shiba Inu was down to $0.000008.

According to Edul Patel, CEO and co-founder of Mudrex, “the price of Bitcoin stayed below $17,000 over the weekend. Over the past few days, Bitcoin has faced resistance from both sides, indicating a lack of consensus among market participants. If Bitcoin can close above the $16,900 level, it could resume its previous uptrend. Meanwhile, Ethereum has been relatively stagnant over the weekend, lacking momentum for a significant price change. It is currently trading in a narrow range with no clear bullish or bearish signals. If the price breaks above the $1,230 support level, it could potentially see an uptrend.”