After days of seeing pink, costs of most cryptocurrencies landed within the greens on early Thursday morning. Bitcoin (BTC), the world’s oldest and most valued crypto coin, appeared to stay steady inside the $16,000 vary, whereas Ethereum (ETH) dwelled inside the $1,200 vary. Different fashionable altcoins — together with the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — noticed minor good points throughout the board. The Helium (HNT) token emerged to be the most important gainer of the lot, with a 24-hour leap of over 31 %.
On the time of writing, the worldwide crypto market cap stood at $811.19 billion, registering a 24-hour acquire of 0.21 %.
Bitcoin (BTC) worth at this time
Bitcoin worth stood at $16,863.43, seeing a 24-hour acquire of 0.20 %, as per CoinMarketCap. In line with Indian change WazirX, BTC worth stood at Rs 14.40 lakhs.
Ethereum (ETH) worth at this time
ETH worth stood at $1,214.66, marking a 24-hour acquire of 0.55 % on the time of writing. As per WazirX, Ethereum worth in India stood at Rs 1.03 lakhs.
Dogecoin (DOGE) worth at this time
DOGE registered a 24-hour acquire of 1.61 % as per CoinMarketCap knowledge, at the moment priced at $0.07381. As per WazirX, Dogecoin worth in India stood at Rs 6.48.
Litecoin (LTC) worth at this time
Litecoin noticed a 24-hour acquire of 0.64 %. On the time of writing, it was buying and selling at $65.57. LTC worth in India stood at Rs 5,562.18.
Ripple (XRP) worth at this time
XRP worth stood at $0.3439, seeing a 24-hour leap of 1.19 %. As per WazirX, Ripple worth stood at Rs 29.16.
Solana (SOL) worth at this time
Solana worth stood at $12.12, marking a 24-hour acquire of 0.62 %. As per WazirX, SOL worth in India stood at Rs 1,065.
High crypto gainers at this time (December 22)
As per CoinMarketCap knowledge, listed below are the highest 5 crypto gainers over the previous 24 hours:
24-hour acquire: 31.41 %
Ethereum Traditional (ETC)
24-hour acquire: 5.21 %
24-hour acquire: 3.98 %
24-hour acquire: 3.35 %
24-hour acquire: 2.84 %
High crypto losers at this time (December 22)
As per CoinMarketCap knowledge, listed below are the highest 5 crypto losers over the previous 24 hours:
24-hour loss: 6.67 %
24-hour loss: 4.68 %
Lido DAO (LDO)
24-hour loss: 4.46 %
XDC Community (XDC)
24-hour loss: 3.44 %
24-hour loss: 3.02 %
What crypto exchanges are saying in regards to the present market state of affairs
Mudrex co-founder and CEO Edul Patel advised ABP Dwell, “Most cryptocurrencies noticed a slight decline of their costs in response to the discharge of US shopper confidence knowledge, which rose to an eight-month excessive. BTC has been buying and selling in a slender vary and attempting to realize extra power to push increased. It just lately bounced off the $16,815 degree and is at the moment targeted on the $17,000 degree, which might probably pave the best way for a return to the $18,000 vary. In the meantime, Ethereum has continued to commerce above the $1,200 degree. It just lately rebounded from the assist at $1,150, suggesting elevated shopping for exercise at decrease ranges.”
Sathvik Vishwanath, CEO and co-founder of Unocoin stated, “Bitcoin briefly climbed above $17,000 because the market awaited the discharge of the US Shopper Confidence Report. After hitting a low of $16,763.66 on Tuesday, BTC/USD hit an intraday excessive of $17,012.98 on Wednesday. The value jumped above the important thing resistance degree of $16,800, signalling a constructive development for the cryptocurrency.”
weTrade founder Prashant Kumar supplied his take in the marketplace state of affairs as nicely, “As the vacation season begins to kick in, the worldwide crypto market cap remained largely steady on Thursday with a 0.5 % drop over the previous 24 hours. Nonetheless, the market buying and selling quantity noticed an enormous lower of roughly 30 % over the previous day. Regardless of this, the 2 main cryptocurrencies — Bitcoin and Ethereum remained largely flat and held floor. After days of being within the pink, Dogecoin additionally noticed some enchancment on Wednesday. We might see the development proceed till the brand new 12 months.”
Shivam Thakral, the CEO of BuyUCoin, stated, “The general crypto market continues to stay calm on account of decreased investor exercise owing to the vacation season. Aside from just a few altcoins, the vast majority of crypto property remained steady with marginal fluctuation of their costs. Bitcoin continues to commerce across the $16,850 mark whereas ether exchanged arms on the $1,218 degree. Traders could maintain onto their place until the primary week of January 2023 after which begin taking lively selections.”
Disclaimer: Crypto merchandise and NFTs are unregulated and might be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency is just not a authorized tender and is topic to market dangers. Readers are suggested to hunt skilled recommendation and skim supply doc(s) together with associated vital literature on the topic rigorously earlier than making any type of funding by any means. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and threat of the readers.