Cryptocurrency Update: After a hiatus of several days, the cryptocurrency market found itself in a happy position as Christmas came around the world. The rise in crypto market cap was fueled by the rise of bitcoin and ether, which have largely remained sluggish for weeks. On Friday, December 24, the price of bitcoin crossed the $50,000 mark after a long time, and as the world gears up for the holiday season, Christmas cheer for investors exceeded $51,000. More traders turned to digital currencies amid the festivities, raising their values after sluggish sessions due to the Omicron threat.
One unit of bitcoin, the world’s largest cryptocurrency by market cap, rose to $51,047.28. According to global crypto tracking website CoinMarketCap, it is up 5.45 percent in the last 24 hours and 8.34 percent in the last seven days. “Bitcoin dominance currently stands at 40.50 percent, an increase of 0.18 percent on the day,” noted the platform in a note on its website.
Ether, the world’s largest altcoin, also rose day by day, crossing the $4,000 mark on a day-to-day basis. The cost of one coin of Ether or Ethereum is $4,097.59. Was
At the time of writing this article, the data was shown. It had risen by 3.99 per cent in the last 24 hours and to 6.88 per cent in the last seven days.
All other major crypto coins such as Tether, Solana, Binance, XRP and Cardano also rose during the day. Memecoins Shiba Inu and Dogecoin also gained significantly during the day.
The global crypto market also felt a positive ripple effect as more investors are willing to invest in riskier assets. As per the data previously mentioned on the website, it has increased decently in the last 24 hours. According to data from CoinMarketCap, the global crypto market cap stood at $2.40 trillion at the time of writing this article. This was an increase of 5.76 per cent in the last 24 hours. Global crypto volume has also increased significantly in the past day. The total volume of coins traded during the previous day stood at $101.02 billion, an increase of 10.06 percent over that day’s figure.
Edul Patel, CEO and Founder of Mudrex, said, “While trading volume turned out to be high, and momentum seems to be stable, we may see some range-bound movement in the coming 24 hours.”
Nearpad topped the crypto pack on Friday. The price of a coin has increased by 162.46 percent in the last 24 hours. According to data from CoinMarketCap, the price of one token was $2.02. ShibRWD and Titano were the other two gainers who grabbed the next top spot that day. On the other hand, Dopple Finance, which is valued at $0.0000006452, was the top loser in the global crypto pack. The coin fell 99.92 percent throughout the day, as it lost most of its value. According to data from the same website, Puff Santa and Ronin Games took second and third place.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
NearPad: $2.02 – up to 162.46 percent
ShibbRWD: $0.000000294 – up to 161.64 percent
Titano: $0.05004 – up to 109.56 percent
Cake Swap: $0.02962 – up to 109.39 percent
Parallel Protocol: $0.2191 – up to 107.70 percent
Son of Elon: $0.0000000009621 – up to 102.45 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
Dopple Finance: $0.0000006452 – down 99.92 percent
Puffsanta: $0.000148 – 96.69 percent drop
Ronin Games: $0.00004733 – 84.62 percent drop
SpiritDao Ghost: $3.73 – 76.12 percent off
KKDAO: $12.10 – down 74.64 percent
APIDAI: $0.00004691 – down 74.41 percent
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