The cryptocurrency market ended 2022 in a consolidation phase, with investors standing on the fence as major cryptocurrencies were unable to make decisive moves. However, the market is experiencing short-term buying pressure that has resulted in reclaiming key positions. 

As of January 2, 2023, the global crypto market capitalization reclaimed the $800 billion level to stand at $807.17 billion, although the value represents a drop of about $4.27 billion from the December 26 figure of $811.16 billion.

(By Paul L.)