Cryptocurrency

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<a href="https://en.coin-turk.com/bitcoin-struggles-amid-high-pce-data-a-comprehensive-analysis-for-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and altcoins started the new week seemingly taking a break ahead of the Christmas holiday season, continuing the downtrend from the past week and turning red. The cryptocurrency market as a whole is now in negative territory after presenting a positive outlook over the past few weeks, which is causing anxiety among investors.
<h2 id="the-latest-in-the-crypto-market">The Latest in the Crypto Market</h2>
Many investors are expecting a Christmas rally for Bitcoin and altcoins, which is speculated to propel major cryptocurrencies to new highs. However, some suggest that there could be a downturn in the market as some participants and whales may go on vacation during this period. Currently, the largest cryptocurrency, BTC, is trading at $41,089, down 2.11% in the last 24 hours, while its trading volume has risen by 35.71% to $18.65 billion. Despite recent losses, Bitcoin’s market value has increased by about 13% in the last 30 days.
The largest altcoin, Ethereum (ETH), has fallen by 1.96% in the last 24 hours, trading at $2,176. ETH‘s trading volume has risen by 25.32% to $8.10 billion in the same time frame. The price of XRP (XRP) has decreased by 2.20% to $0.6065, and its trading volume has increased by 29.93% to $953.19 million.
Solana‘s (SOL) price also reflects a similar downward trend in the market, with a 5.23% decrease to $70 at the time of writing. Additionally, Cardano‘s (<a href="https://en.coin-turk.com/factors-that-will-increase-cardano-price/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>) price has fallen by 6.1% to $0.5751, while its trading volume has increased by 9.39% to $611.62 million.
The memecoins are also experiencing a downturn. Dogecoin‘s (DOGE) price has dropped by 3.53% to $0.09219, and its trading volume in the last 24 hours has decreased by 1.25% to $499.07 million. Another top memecoin, Shiba Inu‘s (SHIB) price has fallen by 7.6% to $0.00001007, with its trading volume decreasing by 46.09% to $411 million.
The overall decline in major cryptocurrencies has wiped out 2.32% of the cryptocurrency market‘s total value, bringing the total market cap down to $1.55 trillion. However, in the same time period, the trading volume increased by 11.13%, reaching $50.95 billion. The crypto market’s fear and greed index is at 70, indicating “greed.”
<h2 id="today-s-notable-altcoin-gainers-and-losers">Today’s Notable Altcoin Gainers and Losers</h2>
One of the leading memecoins, Pepe (PEPE), started the week in the negative territory. PEPE’s price has decreased by 5.81% in the last 24 hours, trading at $0.000001323, while its trading volume has declined by 35.23% to $80.93 million.
Helium‘s HNT is challenging the general market trend by being among the top percentage gainers of the week. HNT’s price has risen by 8.16% in the last 24 hours, trading at $7.7. The altcoin’s trading volume has increased by 13.85% to $51.47 million in the last 24 hours. HNT’s price has risen by over 50% in the last 7 days.
The token of the bankrupt cryptocurrency exchange FTX, FTX Token (FTT), also started the new week with a rise. FTT has increased by 5.91% in the last 24 hours, trading at $3.80, and its trading volume has decreased by 17.33% to $90.18 million. Furthermore, data shows that the altcoin’s price has gained 27% in value over the last 30 days. Continue Reading: <a href="https://en.coin-turk.com/the-current-state-of-the-cryptocurrency-market-a-week-of-red/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/the-current-state-of-the-cryptocurrency-market-a-week-of-red/</a>

The Current State of the Cryptocurrency Market: A Week of Red

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