The global cryptocurrency market showed bearish momentum today, with Bitcoin (BTC) rate decreasing by 3.85% over the past 24 hours. Fartcoin (FARTCOIN) became the top loser coin today, with a 13% rate down and trading at $1.03. Likewise, Hyperliquid (HYPE) was the second coin to decrease 12.84%.
The global crypto market cap is $3.32T, a 3.81% decline over the last day, according to coinmarketcap. The total crypto market volume in the previous 24 hours is $117.66B, which makes an 11.91% drop. The decrease in volume is attributed to the ongoing Christmas holiday season globally. The Fear and Greed Index stands at 63, showing that greed endures in the market.
The Bitcoin & Ethereum Saw Market Decline
The rate of the leading coin dropped 3.83% over the past 24 hours. It was trading at $95,596.08. Its 24-hour low and high were $96,492 and $99,574, respectively. BTC’s market cap declined 2.05% and reached 1.9 trillion. The first digital currency market volume decreased by 9% over the past 24 hours.
In other news, The Japanese government has expressed a cautious stance on the national reserve of Bitcoin, because crypto assets do not fall into the category of foreign exchange, and the security and liquidity of foreign exchange reserves need to be ensured. The volatility (price fluctuations) of crypto assets including Bitcoin is inconsistent with the current system.
Ethereum, the second-largest cryptocurrency by market cap, has experienced bearish momentum in the last seven days. It has declined 8.27% in the previous seven days. It was trading at $3,371.17, reflecting a 3.50% dip in the past 24 hours. Its 24-hour low and high were $3,369 and $3,555, respectively. ETH’s market cap reached $405 billion, with a trading volume of $19.95 billion.
In other news, The manager of MOODENG at Khao Kheow Zoo in Thailand shared that Ethereum co-founder Vitalik donated 10 million Thai baht (about $292,230) to the zoo. He also adopted MOODENG and his family for two years. The donation will be given in two parts, with the first part set to be completed on December 26, 2024.
Top Crypto Loser Prices Today
Fartcoin (FARTCOIN) fell 15% and became the first loser coin. Despite this, it was the top gainer coin, with a 70% surge yesterday. It was trading at $1.01, and the market cap reached $1.01B. Likewise, Hyperliquid (HYPE) is the second coin to lose 14% over the past 24 hours. HYPE’s price was $26.30. Its 24-hour low and high were $25.64 and $30.46, respectively.
Related Reading | Bitcoin Price Hit $98,210, FARTCOIN UP 57.04%, Movement Surge 19.34%
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