Cryptocurrency Update: The global cryptocurrency market fell a bit further on Saturday, December 11, amid a series of continuous declines over the past several days due to a number of factors. Data from global cryptocurrency tracking CoinMarketCap shows that at the time of writing this article, the global cryptocurrency market capitalization stood at 2.24 trillion. It has declined 0.86 per cent in the last 24 hours. However crypto volume numbers increased during the day. The volume of coins traded stood at $105.71 billion, a decline of 1.77 percent over the past 24 hours. The downside trend in the cryptocurrency market is mainly driven by the fear of the Omicron variant of COVID-19. This was followed by profit-booking by investors after a slight rise in prices last week.
among the chief global crypto coins, Bitcoin was hovering around the $48,000 mark that day, but rose slightly compared to Friday. price of one Bitcoin Data from CoinMarketCap shows that it stood at $48,487.45 at the time of writing this article. It was higher by 0.06 per cent in the last 24 hours and 2.95 per cent in the last seven days. About a week ago, bitcoin prices hit their week lows amid the Covid scare. “Bitcoin dominance currently stands at 40.86 percent, an increase of 0.43 percent over the day,” said a note on the CoinMarketCap website.
Ethereum price, on the other hand, has seen a slight decline over the past day. At the time of writing this article the largest altcoin, one unit of Ether stood at $4,023.52. As per the data, it was 2.05 per cent lower in the last 24 hours, but 3.16 per cent higher in the last seven days.
Other major coins such as Binance, Tether, Solana and Cardano declined during the day. Memecoins Shiba Inu and Dogecoin have also suffered losses in the last 24 hours.
In the Indian scenario, the Prime Minister Narendra Modi Emerging technologies like cryptocurrencies should be used to empower democracy, not undermine it, he said on Friday. “We must jointly shape global norms for emerging technologies like social media and cryptocurrencies so that they can be used to empower democracy, not just,” Modi said at a virtual summit hosted by US President Joe Biden. To weaken it.” After initially planning to ban cryptocurrencies, the Modi government is considering legislation to regulate its use, according to a Reuters report.
Mind Music became the top gainer in the crypto pack on Friday. The price of a coin has increased by 1,032.38 percent in the last 24 hours. According to data from CoinMarketCap, the price of one token was $0.000000005181. HtMoonFOMO and METAVERSE FACE were the other two gainers who grabbed the top spot next in the day. On the other hand, FarmerDoge, which is valued at $0.0001234, was the top loser in the global crypto pack. The coin lost 97.07 per cent during the day. Superbrain Capital Dao and SuperPixel took the second and third places according to data from the same website.
top 6 cryptocurrency Gainers (according to data from CoinMarketCap)
Mind Music: $0.000000005181 – up to 1,032.38 percent
HtMoonFOMO: $0.0000000001621 – up to 496.13 percent
Metaverse Face: $0.0004202 – up to 370.04 percent
Exchange union: $0.4316 – up to 322.49 percent
Mobius: $0.2373 – up to 199.35 percent
2030 Floki: $0.000000003124 – up to 194.47 percent
Top 6 cryptocurrency losers (according to data from CoinMarketCap)
Farmer Doge: $0.0001234 – 97.07 percent less
Superbrain Capital Dow: $0.000006672 – down 94.31 percent
Superpixels: $0.009538 – a drop of 75.88 percent
Doge Rise Up: $0.0000000008876 – down 65.42 percent
MetaVPad: $0.3632 – down 61.48 percent
Slavery DAO: $1,661.56 – 65.73 percent drop
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