Coin Gabbar Token

<h2 id="header-0">The broader crypto market changed its momentum and shows losses in the last 24 hours due to macroeconomic circumstances. As a result, the prices of Bitcoin, Ethereum, DogeCoin, and Cardano are trading in the red.</h2><p>At the time of writing, the global cryptocurrency market cap drops 0.7% in the last 24 hours to $0.840 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $32.54 billion.</p><p>The crypto market leader, <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin price</a> is currently trading at $16,673. This follows a 1.13% decrease in the last 24 hours. As a result, its market capitalization stands at $321.47 billion.</p><p>As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,206.4, which decreased by 1.5% in the last 24 hours.</p><h3 id="cryptocurrencies-price-action">Cryptocurrencies Price Action</h3><p>The price of Polygon (MATIC) has decreased by 1.2% in the last 24 hours. MATIC is currently ranked 10th in CoinGabbar&#39;s top cryptocurrency ranking in terms of market cap. At the time of writing, the price of MATIC was trading at $0.8017.</p><p>However, the price of XRP increased by 0.6% in the last 24 hours. XRP is currently ranked 6th in CoinGabbar&#39;s top cryptocurrency ranking in terms of market cap. At the time of writing, the <a href="https://www.coingabbar.com/en/crypto-currency/ripple-xrp-prices-usd" rel="noopener noreferrer nofollow">price of XRP</a> was trading at $0.3645.</p><p>Dogecoin (DOGE) continues to lose its momentum and is currently trading at $0.07247. It decreased by 3.7% in the last 24 hours.</p><h4>What Turns the Crypto Market bearish?</h4><p>The global crypto market turns bearish because of the massive movement of large whales. As per reports, following a brief surge, the whales became active and began selling assets at higher prices, assisting the market in regaining a bearish momentum.</p><p>In addition, the US equity market also shows bearish momentum in its Yesterday’s (Dec 27) trading session, indicating a correlation between the two markets.</p><p>Major Events Around the World</p><ul><li>A Multi-Chain Web3 DeFi wallet provider, BitKeep, announced on December 26 that the platform had suffered a massive exploit. The platform noted that hackers had infiltrated some APK package downloads, resulting in a loss of millions of dollars in users&#39; funds.</li><li>BTC.com, a major cryptocurrency mining pool, has suffered a cyberattack resulting in a significant loss of company and client funds.</li><li>After recovering the funds lost in a recent flash loan exploit, decentralized leverage-trading platform Defrost Finance plans to refund the funds to their rightful owners.</li></ul><p><strong>COINGABBAR Views: If the current trend continues, the market will fall further. The volatility trend in the market has persisted for some time and appears to be continuing, as indicated by the current influx.</strong></p><p><strong>Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/indian-govt-plans-to-launch-crypto-awareness-campaign" rel="noopener noreferrer nofollow">Indian Govt Plans to Launch Crypto Awareness Campaign</a></strong></p>

24 Hrs Crypto Update, Dec 27: Global Crypto Market Shows Bearish Momentum

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