The cryptocurrency market seems to have misplaced its Christmas cheer. Major tokens — together with Bitcoin, Ethereum, and XRP — ended decrease than their earlier shut on Friday. The droop in costs comes amid rising volatility available in the market.
However, this might change as optimism grows that the US Securities and Exchange Commission (SEC) would give its blessing to a spot Bitcoin exchange-traded fund (ETF) earlier than Jan 10, 2024. The dip within the crypto market will be partially attributed to the inactivity of whales and traders, who might need taken every week off for the vacations.
All main cryptocurrencies have been swimming within the crimson on Saturday, with the OG token Bitcoin price sliding by 1.6% to $42,030 per bitcoin. Interestingly, the 24-hour buying and selling quantity was up by 0.7% at $23.7 billion. Notably, Bitcoin has appreciated 10% within the final 30 days and is up 153% year-to-date.
Meanwhile, Ethereum price fell greater than 2% to $2,300 ranges. Its buying and selling quantity over the past 24 hours plummeted by greater than 25% to $10.94 billion.
Other main tokens additionally recorded losses within the final 24 hours. While Tether value (USDT) fell 0.04% to $1, BNB value stood at $317.22 as of writing, down 1.31% within the final 24 hours. Solana (SOL), XRP, and Cardano (ADA) slipped by 0.84%, 1.46%, and 1.29% respectively.
The dip within the costs of main tokens was mirrored within the total crypto market cap, which tumbled 1.37% within the final 24 hours to $1.65 trillion, with the 24-hour buying and selling quantity crashing greater than 17% to $64.36 billion.
Here Are The Top Cryptos For Today
Pepe Coin Plummets 14.5%
At press time, Pepe Coin (PEPE) value stood at $0.0000000003078, with the token having depreciated by practically 14.5% within the final 24 hours. However, the 24-hour buying and selling quantity was up 0.67% to $2,186. In the final seven days, the cryptocurrency has recorded marginal losses of practically 0.27%.
Litecoin (LTC) Drops 5%
Litecoin (LTC) final modified fingers at $73.22, down 5.2% within the final 24 hours. Its buying and selling quantity over the past 24 hours fell by practically 24% to $460 million. Despite the latest market volatility, the altcoin has appreciated greater than 4% within the final 30 days.
ORDI Rallies Nearly 7%
Defying the latest market pullback, ORDI Price was up practically 6% within the final 24 hours, with the token buying and selling at %78.12 at press time. The 24-hour buying and selling quantity surged by a whopping 79% to $955.83 million. In the final seven days alone, the ORDI token has appreciated to the tune of 58%, probably as a result of latest Bitcoin bull run.
Also Read: Will Bitcoin Propel ETF Trading Beyond $38 Trillion in 2024?
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