Is the bottom in? Markets rally following festive slump

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City AM

By Darren Parkin The colour of the crypto markets returned to shades of green this morning after spending much of the holiday season sporting a red hue. Bitcoin had looked to all intents and purposes like it was determined to end 2022 on a high as the run-in to Christmas took the flagship cryptocurrency above $18,000. But the upward movement wasn’t to last as it met strong resistance on December 15 that pushed it down on a trajectory towards the $16.5k mark, and almost looked like dropping into the fifteens in the 24 hours ahead of New Year’s Eve. Ethereum showed a similar pattern, although wi…

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