Bitcoin's price is moving sideways around the $88,000 level.
According to the global virtual asset market tracker CoinMarketCap, as of 8:30 a.m. on the 22nd, Bitcoin was at $88,384, up 0.3% from 24 hours earlier.
Ethereum is trading at $2,993, up 0.6%. Binance Coin is up 0.46% at $856, and Ripple is down 0.68% at $1.91.
Bitcoin's price has been on a steady decline after hitting $120,000 in Oct. The market is split between expectations that virtual asset prices will rebound and views that the weakness will persist.
Citigroup's analyst team said in a recently released report, "Despite recent token volatility, we remain bullish on digital asset stocks." The Citigroup analyst team projected Bitcoin could reach as high as $143,000 next year. By contrast, the virtual asset analysis platform CryptoQuant warned that Bitcoin could plunge to $56,000.