Trading volume is also down by 11.45 per cent at $83.24 billion which might be a mixed signal considering a weak market start for 2022.
Although bears managed to bring down the price of the world’s oldest crypto significantly, investors kept buying the dip, which can be seen from the 3.04 per cent rise in its trading volume at $34,449,837,394.
Despite a positive development for Shiba Inu , it was trading with losses.
Coindesk reported their holdings to be about $61 billion worth of crypto back in November and now as per Grayscale’s tweet, it’s $43.6 billion as of December.
Canada-based Bitfarms, a Bitcoin mining company with over 3,300 Bitcoins in their portfolio has got a $100 million secured credit facility with blockchain financial services provider Galaxy Digital Holdings, reported coindesk.