The crypto prices today again slipped to the negative territory following a rally on Tuesday, December 20. Several experts believe that the recent volatility in the market is due to investors assessing several market indicators before making further bets in the market.
Meanwhile, the market participants now eagerly anticipate the release of U.S. Consumer Confidence data later today. Additionally, crucial economic indicators such as job data and revised U.S. GDP are scheduled for later this week. These data points are anticipated to provide insights into the current economic state, influencing the Federal Reserve’s future decisions on rate hikes.
Looking at the current crypto prices, Bitcoin price faced a slight dip of 0.72%, settling at $42,610.49, with a 19.61% drop in trading volume to $20.78 billion. Despite this, it has demonstrated resilience by gaining almost 15% in the past month.
Similarly, the Ethereum price experienced a 1.49% decline to $2,200.04, yet showed a robust 10% increase over the last 30 days. Its one-day trading volume decreased by 3.32% to $10.06 billion. The XRP price ticked down 0.26% to $0.6105, with a 31.11% decrease in trading volume to $1.11 billion.
Meanwhile, the Solana price traded near the flatline at $75.27, accompanied by a 13.20% dip in trading volume to $1.91 billion. Conversely, the Cardano price recorded a 3.97% decline, trading at $0.5826.
In the meme coin segment on December 20, the sentiment was gloomy, evident in the Dogecoin price’s 1.34% decrease to $0.09131 and a 34.53% drop in trading volume to $442.36 million. The Shiba Inu price also declined by 1.87% to $0.00001019, with a plunge in trading volume to $183.50 million.
The choppy trading, noted in the major crypto prices, also dragged down the global crypto market on Wednesday. Notably, the global crypto market cap dipped by 0.92% to $1.6 trillion. Simultaneously, the trading volume decreased by 11.76% to $57.24 billion, while the fear and greed index indicated a “greed” sentiment at 71, signaling a cautious market mood that necessitates close monitoring by investors.
The Top Crypto Prices For Today Are
Pepe Coin Slips 3%
The Pepe Coin continued its downturn momentum on Wednesday, resembling the gloomy sentiment noted in the overall market. Meanwhile, the Pepe Coin price dipped 3.06% to $0.000001274 as of writing, while its trading volume from yesterday fell 25.19% to $69.21 million. Over the last seven days, the meme coin has noted a decline of 4%.
NEAR Protocol (NEAR) Soars 17%
The NEAR Protocol price surged 17.46% on Wednesday and traded at $2.69 during writing. Simultaneously, the trading volume of the crypto skyrocketed 111.95% to $357.77 million, suggesting strong trading activity for the crypto. Notably, the crypto has added over 31% over the last 30 days.
Sei (SEI) Adds 15%
The Sei price was up 14.66% and traded at $0.3555 during writing on December 20, while its trading volume soared 45.53% to $842.04 million. The NEAR crypto has been on the investors’ radar lately, as evidenced by a surge of 57% in its price over the last seven days.
Source : CoinGape / Dec 20, 2023