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<h2 id="header-0">The broader crypto market changed its momentum and shows gains in the last 24 hours due to macroeconomic circumstances. As a result, the prices of Bitcoin, Ethereum, DogeCoin, and Cardano are trading in the green.</h2><p>At the time of writing, the global cryptocurrency market cap jumps 2.8% in the last 24 hours to $0.844 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $45.14 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 $16,895. This follows a 2.7% increase in the last 24 hours. As a result, its market capitalization stands at $324.98 billion.</p><p>As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,211.2, which increased by 4% in the last 24 hours.</p><h3 id="cryptocurrencies-price-action">Cryptocurrencies Price Action</h3><p>The price of Binance (BNB) has increased by 4.2% in the last 24 hours. BNB is currently ranked 5th in CoinGabbar&#39;s top cryptocurrency ranking in terms of market cap. At the time of writing, the price of BNB was trading at $250.2.</p><p>In addition, the price of XRP increased by 4.8% in the last 24 hours. XRP is currently ranked 7th 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 $0.3487.</p><p>Dogecoin (DOGE) continues to ginas momentum and is currently trading at $0.07428. It increased by 4% in the last 24 hours.</p><h4>What Turns the Crypto Market bullish?</h4><p>The global crypto market turns bullish because of the massive movement of large whales. As per reports, following a brief fall, the whales became active and began buying assets at lower prices, assisting the market in regaining a bullish momentum.</p><p>Meanwhile, the US equity market shows stable momentum in its yesterday’s (Dec 20) trading session, indicating a breaking correlation between the two markets.</p><p>Major Events Around the World</p><ul><li>Visa announced a proposal on Dec 20 that would allow Ethereum holders to set up programmable payments from their own self-custodial wallets. Furthermore, the approach would eliminate the use of banks and other centralized third parties in transactions.</li><li>One of the biggest centers for bitcoin mining in the world, Kazakhstan, is developing new regulations for the sector. Last Monday, the Kazakh parliament approved a bill that will tax bitcoin miners corporately and impose national energy usage caps on the sector.</li><li>During his address to the Lok Sabha on Monday, Union Finance Minister briefed the nation that the ED has collected over 907 crores INR in criminal proceedings against three individuals for money laundering.</li></ul><p><strong>COINGABBAR Views: If the current trend continues, the market will surge 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-news-english" rel="noopener noreferrer nofollow">Indian Government Updates on Crypto Bill</a></strong></p>

24 Hrs Crypto Update, Dec 20: Global Crypto Market Changes its Momentum

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