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Crypto Market Daily Highlights – The NASDAQ Delivers Final-Hour Support

Alice Wang

Dec 27, 2022 11:58

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The top ten cryptocurrency index had a choppy Monday session. While DOGE defied the trend, XRP was in the lead. Notably, BTC missed $17,000 for the sixth session in a row.


Due to the lack of cryptocurrency events and the slow news flow during the holidays, investors were left in the dark. However, news from the US supported the NASDAQ mini and cryptocurrency markets in the dying minutes (UTC).


In contrast to the predicted 7.1% gain, US retail sales rose by 7.6% between November 1 and December 24, according to Mastercard (MA). Retail sales increased by 8.5% from the same time in 2021. Even though the statistics were lower than in 2021, they were still strong enough to support risky investments.


Interest will be generated by US economic figures released today, including those on the housing industry and trade. However, the housing sector figures will probably have a bigger impact, barring a sharp increase in the US trade deficit.


Investors should also keep an eye on the headlines for any FOMC member chitchat and cryptocurrency-related developments that may shift the dial. The NASDAQ Index will probably provide guidance during the afternoon session following the holidays. The NASDAQ mini was up 82.25 points this morning.