Crypto Market Update: December 7th, 2023
Crypto Market Today: Mixed Signals
The total global cryptocurrency market capitalization fell 1.2% to $1.66 trillion in the past 24 hours, suggesting a slight pullback after recent gains. However, the market has seen a significant increase since December 1st, with the total value of crypto surging by $180 billion, or 12%, led by Bitcoin.
Recent News Affecting the Market:
- Big Wall Street banks like JPMorgan Chase and Goldman Sachs are taking steps to get involved in crypto, providing custody services and trading platforms for institutional investors.
- Lawmakers remain divided on crypto regulations, with some calling for increased oversight and others urging a more hands-off approach.
- Robinhood announced the launch of crypto trading services in Europe, offering a potential boost to the crypto market in the region.
Bitcoin Price Today
- CoinGecko reports that the spot price of Bitcoin fell 1.7% to about $43,300 over the past 24 hours.
- Some analysts believe that Bitcoin is currently overbought and could experience a correction in the near future, while others remain optimistic about its long-term prospects.
Global Crypto Market Today
- CoinGecko data shows that the total global cryptocurrency market capitalization is currently at $1.66 trillion.
- Bitcoin dominance, the percentage of the total market cap held by Bitcoin, is currently at 41.5%.
Top Crypto Gainers and Losers
| Coin | Price Change (24h) |
|---|---|
| Aave (AAVE) | +10.5% |
| SushiSwap (SUSHI) | +7.2% |
| Chainlink (LINK) | +6.7% |
| Polygon (MATIC) | -4.2% |
| Tezos (XTZ) | -5.1% |
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$SUSHI, Aave, Bitcoin, Crypto market, Cryptocurrencies, Ethereum