Cryptocurrency update: Bitcoin and Ether prices on Friday, December 10, continued to fall amid investors’ earnings reserve. Cryptocurrency traders on the day remained cautious ahead of key economic data, causing Bitcoin’s price to scale the $ 48,000 mark today. The global crypto market also suffered losses on this note. At the time of this writing, the price of a Bitcoin was trading at $ 49,130.51, data from global crypto tracking website CoinMarketCap showed. This fell by 0.35 percent in the last 24 hours and by 14.11 percent in the last seven days, according to the data. Bitcoin prices have been steadily declining for the past week, rarely crossing the $ 50,000 mark amid a number of reasons, including the scare induced by the newly discovered Omicron variant of Covid-19.
Ether prices were also down on Friday, hovering just above the $ 4,100 mark. The price of an Ether or Ethereum coin at the time of writing was $ 4,167.14, according to the data. This was reduced by 3.13 percent during the last 24 hours and by 9.49 percent during the last seven days.
“During the last 24 hours, we saw a big drop in trading volumes. The major cryptocurrencies by market capitalization faced a small sell-off. Bitcoin held below the $ 49,000 mark and ETH held below $ 4,300. The top 20 cryptocurrencies ended in the red. With the weekend approaching, we could see further range movement across the crypto spectrum. The key levels to watch out for would be $ 46,000 in Bitcoin and $ 4,000 in Ethereum. In the short term, Polygon’s MATIC token appears to have good growth potential, “said Edul Patel, CEO and co-founder of Mudrex, a global crypto exchange company.
The global cryptocurrency market also came under pressure from investors selling cryptocurrencies amid caution. Although it rose slightly for a short time, the value of the global cryptocurrency market was down to $ 2.28 trillion at the time of writing, the data showed. This was down 2.59 percent over the past 24 hours. However, the total volume of cryptocurrencies increased to $ 103.88 as traders sought to sell their assets. This increased by 2.43 percent, according to data from CoinMarketCap.
The value of most of the major cryptocurrencies including Binance, Tether, Solana, Polkadot also declined significantly during the day.
Mobius became the top winner in the crypto package on Friday. During the last 24 hours, the value of a coin increased by 377.55 percent. One token was priced at $ 0.09453, according to data from CoinMarketCap. HarryPotterObamaSonic10Inu and Prince Floki V2 were the other two winners to take the next top spots for the day. On the other hand, Baby Billionaires Club, valued at $ 0.0001587 was the main loser in the global crypto package. The coin was down 66.10 percent on the day. CultiPlan (CTPL) and SafeDogeCoin ranked second and third according to data from the same website.
Top 6 Cryptocurrency Winners in the Last 24 Hours (Based on CoinMarketCap Data)
Mobius: $ 0.09453 – an increase of 377.55 percent
HarryPotterObamaSonic10Inu: $ 0.000000006936 – an increase of 372.75 percent
Prince Floki V2: $ 0.000006456, an increase of 251.32%
ZEON: $ 0.001354, an increase of 144.35 percent
Transmission protocol: $ 0.05619 – an increase of 139.47 percent
Token X: $ 0.0004324 – an increase of 136.15 percent
Top 6 Crypto Losers in the Past 24 Hours (Based on CoinMarketCap Data)
Baby Billionaires Club: $ 0.0001587 – 66.10% less
CultiPlan: $ 0.007934, down 63.94%
SafeDogeCoin: $ 0.06313 – down by 61.74 percent
MetaMatrix: $ 0.000000003855 – down 61.10%
SAFE OFFER: $ 2.72, down 58.75 percent
UnityCom: $ 0.0000004334, down 56.11%
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