Cryptocurrency prices traded in the red zone today as the global crypto market cap fell 1.81% to $841.11 billion. The total crypto market volume over the past 24 hours is $30.35 billion, representing a 26.98% increase.
Meanwhile, the price of major cryptocurrencies, including Bitcoin and Ethereum, fell 1.36% and 2.07% to $16,940.30 and $1,246.86, respectively.
Stacks (STX), the top crypto winner on December 9, continued to be the top winner today; at the time of writing, it was up 7.83% to $0.3063. Other cryptocurrencies traded in the green area included Trust Wallet Token (TWT), ApeCoin (APE), and Toncoin (TON).
Top Crypto Losers Today (December 12):
Today, the price of Solana is down 4.68% to $12.99 with a 24-hour trading volume of $162,457,137. Solana has a current market cap of USD $4,761,325,961, and Solana’s current CoinMarketCap ranking is 16.
STEPN was trading 0.42% lower today at USD$0.401218 with a 24-hour trading volume of USD$54,790,988. According to data from Coinmarketcap, STEPN’s current ranking is 110, with a live market cap of USD $240,730,522. The altcoin has a maximum supply of 6,000,000,000 GMT coins.
Today, Dogecoin price dropped as low as 9.57% to trade at $0.087669 with a 24-hour trading volume of $569,703,934. With a live market cap of USD $11,631,053,686, Dogecoin is ranked eighth according to CoinMarketCap data.
Nevertheless, the losses in the broader market were also caused by other cryptocurrencies. Among other cryptocurrencies, two other popular altcoins, Ripple (XRP) and Cardano (ADA), fell 3.30% and 3.39%, respectively, to USD$0.374880 and USD$0.302819.
Investors in a wait and see situation:
Investors are believed to have become more cautious and in a wait-and-see attitude ahead of this week’s newsworthy events. This can be said because the price of Bitcoin shows no sign of life. The US Congress is expected to hold its first hearing on the collapse of the FTX on Tuesday (Dec. 13), and the Senate Banking Committee will follow suit the next day.
Meanwhile, investors eagerly await the outcome of the Federal Open Market Committee meeting, scheduled for Dec. 14. Markets are also awaiting consumer price index (CPI) data for November, due Tuesday, and the Federal Reserve (Fed) meeting scheduled for Wednesday.
Priyanka is currently covering the latest developments in the crypto market, NFTs, Metaverse, ICOs and Blockchain. She enjoys writing research-based, informative articles for investors, especially those new to the market. She has an MBA and is currently deep into the crypto market. Priyanka studied journalism at the Indian Institute of Mass Communication, New Delhi, and started her career as a journalist for the English daily newspaper ‘The Pioneer’. She has more than five years of experience. During this time she was also associated with political consultancies such as IPAC and worked on governance related issues. Later, Priyanka developed a strong interest in finance, and while completing her MBA, she worked as an analyst at a reputable stock research firm. After discussing global stocks, IPOs, ASX 200, commodities and moving stories in North America, she realized there was much more to discover. It was then that she decided to enter the crypto market.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.
This post Solona, XRP and Dogecoin trade in the red, Bitcoin and Ethereum fall more than 1%
was published first on https://coingape.com/top-crypto-losers-today-solona-xrp-and-dogecoin-trade-in-red-bitcoin-ethereum-fall-over-1/