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<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 stable momentum.</h2><p>At the time of writing, the global cryptocurrency market cap drops 1.2% in the last 24 hours to $0.889 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $43.42 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 $17,165. This follows a 0.48% decrease in the last 24 hours. As a result, its market capitalization stands at $329.59 billion.</p><p>As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,266.9, which decreased by 1.16% in the last 24 hours.</p><h3 id="cryptocurrencies-price-action">Cryptocurrencies Price Action</h3><p>The price of Cardano (ADA) has decreased by 0.7% in the last 24 hours. ADA is currently ranked 9th in CoinGabbar&#39;s top cryptocurrency ranking in terms of market cap. At the time of writing, the price of ADA was trading at $0.3127.</p><p>In addition, the price of XRP decreased by 1.3% 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 price of XRP was trading at $0.3888.</p><p>DogeCoin (<a href="https://www.coingabbar.com/en/crypto-currency/dogecoin-doge-prices-usd" rel="noopener noreferrer nofollow">DOGE</a>) continues to lose its traction among cryptocurrency traders and influencers. It decreased by 1.5% in the last 24 hours and is currently trading at $0.09694.</p><h4>What Turns Crypto Market volatile?</h4><p>The global crypto market turns volatile because of the massive movement of large whales. As per reports, following a brief fall, the whales became active and began buying and selling assets at the same time, assisting the market to regain a stable momentum.</p><p>Furthermore, the US equity market also remains stable in yesterday&#39;s trading session, indicating a correlation between the two markets.</p><p>Major Events Around the World</p><ul><li>Starbucks, the world’s leading coffeehouse chain, has come up with its new NFT loyalty program named Odyssey. Starbucks has a varied rewards system for its users and this would be the first time when it is trying to integrate blockchain technology into this mechanism.</li><li>Aisa’s leading crypto trading and lending firm Amber Group announced the termination of a million-dollar deal with Chelsea F.C. The deal between the two parties was officially announced in May 2022.</li><li>A new deadline to restore client assets before shutting down the business has been given to the Japan-based division of the insolvent cryptocurrency company FTX.</li></ul><p><strong>COINGABBAR Views: If the current trend continues, the market will remain stable 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/why-did-kevin-oleary-invest-in-ftx-czs-version" rel="noopener noreferrer nofollow">Why did Kevin OLeary invest in FTX? | CZ’s Version</a></strong></p>

24 Hrs Crypto Update, Dec 9: Global Crypto Market Remains Stable

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Alte articole publicate pe 15 dec. 2022

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