cryptocurrency update: On Wednesday, December 8th, the global cryptocurrency market again saw a decline in profit-booking by investors after the market rebounded a day earlier. The cryptocurrency market regained its momentum a day earlier after a steady decline over the weekend, with all major coins taking losses on fears of an Omicron version. The Omicron version of COVID-19 has created panic among investors in markets ranging from stocks to crypto, and the result was visible in their falling numbers. According to data from global crypto tracking website CoinMarketCap, bitcoin fell below the $50,000 mark on Wednesday, driven by profit-booking from investors.
joint loss of majority of cryptocurrency The global market was affected on Wednesday. The global cryptocurrency market saw a sharp drop during the day. The crypto market lost its value that day and stood at 2.32 trillion. It was as low as 3.65 per cent in the last 24 hours. The total crypto market volume in the last 24 hours at $104.09 billion, at the time the article was being written, also saw a huge drop. It was lower by 19.68 per cent during the previous day, as fears about the Omicron version again created panic among traders.
Bitcoin, Ether, Solana and other major crypto coins lost their value. At the time of writing this article the price of one bitcoin, the world’s largest cryptocurrency by market cap, was $49,258.95. It was down 4.23 percent in the last 24 hours and 13.56 percent in the past seven days, data from CoinMarketCap showed.
The value of Ether, the world’s largest altcoin, also declined on the day. According to data from the same website, one unit of Ether was worth $4,279.32 at the time of writing this article. It was down by 3.20 per cent in the last 24 hours and 9.52 per cent in the last seven days.
“We have seen a decent recovery across the cryptocurrency spectrum over the past 24 hours. All the top 30 cryptos ended the day in the greens. The largest cryptocurrency by market capitalization, bitcoin, hit the $51,000 mark. The largest altcoin, ETH, hit $4,300 The rally in altcoins was huge after Polkadot, Luna and CRO tokens posted double-digit gains.Bitcoin dominance has fallen just above 40 percent, indicating greater scope for the altcoin. The overall market cap rose nearly 4 per cent. In the coming 24 hours, we may see a range-bound movement across the cryptocurrency spectrum,” Mudrex CEO and co-founder Edul Patel said of the market gains on Tuesday.
GreenTrust became the top gainer in the crypto pack on Monday. The value of a coin has increased by 2,603.06 percent in the last 24 hours. According to data from CoinMarketCap, the price of one token was $0.0000002965. LinkArt and ElonFlokiInu were the other two gainers who grabbed the next top spot that day. On the other hand, Synex Coin, which is valued at $0.01782, was the top loser in the global crypto pack. The coin lost 83.04 per cent during the day. Limocoin Swap and Cryptomines took the second and third positions according to data from the same website.
top 6 cryptocurrency Profit in the last 24 hours (according to CoinMarketCap data)
GreenTrust: $0.0000002965 – up to 2,603.06 percent
LinkArt: $0.007057 – up to 2,255.18 percent
ElonFlokiInu: $0.000008613 – up to 876.50 percent
All Best ICO: $0.03043 – Up to 864.07 percent
Christmas Floki X: $0.000001042 – Up to 450.95 percent off
Life DAO: $135.03 – up to 402.61 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
Synex Coin: $0.01782 – 83.04 percent drop
Limocoin Swap: $3.79 – 76.14 percent drop
Cryptomines: $4.14 – 75.67 percent drop
Everdot: $0.00000008612 – 70.93 percent drop
InfinityCash: $0.03254 – down 67.32 percent
Futurexcrypto: $1.05 – 62.15 percent down
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