Even as the New York stock market hit a record high, the virtual asset market is treading water in a wait-and-see mood.
As of 8:20 a.m. on the 29th, according to the virtual asset market data site CoinMarketCap, Bitcoin was trading at $87,690, up 0.05% from the previous day. Ethereum, the No. 2 by market cap, was up 0.14% at $2,943, while Ripple was down 0.01% at $1.86.
Although the New York stock market is booming at year-end with the so-called "Santa rally," the virtual asset market has been stuck in listless sideways trading for weeks due to a lack of liquidity and weakened investor sentiment. Experts said the decoupling between the virtual asset market and the stock market is strengthening.
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