Cryptocurrency Update: Bitcoin and Ether prices continued to slide on Friday, December 10, amid investors booking profits. Crypto traders remained cautious on the day ahead of key economic data, which pushed the price of bitcoin to the $48,000 level today. The global crypto market also suffered on this note. At the time of writing this article, the price of one bitcoin was trading at $49,130.51, according to data from global crypto tracking website CoinMarketCap. As per the data, it was down 0.35 per cent in the last 24 hours and 14.11 per cent in the last seven days. The bitcoin price has been falling steadily over the past week, rarely crossing the $50,000 mark for a variety of reasons, including the fear inspired by the newly discovered Omicron variant of COVID-19.
ether prices, were also down on Friday, just above the $4,100 mark. According to statistics, at the time of writing this article the price of one Ether or Ethereum coin was $4,167.14. It was down by 3.13 per cent in the last 24 hours and 9.49 per cent in the last seven days.
“In the last 24 hours we have seen a huge drop in trading volume. The top cryptocurrencies by market capitalization faced a slight selloff. Bitcoin is trading below the $49,000 mark and ETH is hovering below the $4,300 mark. All the top 20 cryptocurrencies ended in the red. As the weekend approaches, we may see another range-bound movement across the cryptocurrency spectrum. Key levels to note will be $46,000 in Bitcoin and $4,000 in Ethereum. In the short term, Polygon’s MATIC token has good growth potential,” said Edul Patel, CEO and co-founder of Mudrex, a global crypto exchange company.
The global cryptocurrency market also fell under the heat of investors selling crypto coins amid caution. Although it rose slightly for a while, the value of the global cryptocurrency market has declined to S2.28 trillion at the time of writing this article, as data shows. It was 2.59 percent lower in the last 24 hours. However, the total crypto volume increased to $103.88 as traders looked to sell their assets. According to data from CoinMarketCap, it saw an increase of 2.43 percent.
Most of the major cryptocurrencies including Binance, Tether, Solana, Polkadot also lost significantly in value during the day.
Mobius rose to the top of the crypto pack on Friday. The price of a coin has increased by 377.55 percent in the last 24 hours. According to data from CoinMarketCap, the price of one token was $0.09453. HarryPotterObamasonic10inu and Prince Floki V2 were the other two gainers who grabbed the next top spot that day. On the other hand, Baby Billionaires Club, which is valued at $0.0001587, was the top loser in the global crypto pack. The coin lost 66.10 per cent throughout the day. CultiPlan (CTPL) and SafeDogeCoin took the second and third places according to data from the same website.
top 6 cryptocurrency Profit in the last 24 hours (according to CoinMarketCap data)
Mobius: $0.09453 – up to 377.55 percent
HarryPotterObamasonic10inu: $0.0000000006936 – up to 372.75 percent
Prince Floki V2: $0.000006456 – up to 251.32 percent
ZEON: $0.001354 – up 144.35 percent
Stream Protocol: $0.05619 – up to 139.47 percent
Token X: $0.0004324 – up 136.15 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
Baby Billionaires Club: $0.0001587 – 66.10 percent drop
Cultiplan: $0.007934 – 63.94 percent off
SafeDogeCoin: $0.06313 – down 61.74 percent
Metamatrix: $0.00000003855 – 61.10 percent drop
Safe Deal: $2.72 – 58.75 percent off
UnityCom: $0.0000004334 – down 56.11 percent
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