Cryptocurrency News: 6 Crypto Coins Gain 5,605 Percent in a Single Day Prices can be found here.
On Tuesday, December 6, the global cryptocurrency market resumed its downward trend, bringing forward losses from the weekend as traders shied away from the business because to concerns about the Omicron form of Covid-19. In the face of the new variation threat, investors turned to safety assets like gold rather than risky ones like bitcoin. The price of bitcoin increased early in the morning before falling later in the day.
During the day, other big crypto coins as as Ethereum, Solana, and Cardano all lost value. Shiba Inu and Dogecoin, two memecoins, were also affected by the ripple effect, with their prices plummeting.
According to data from cryptocurrency tracking website CoinMarketCap, the worldwide cryptocurrency market capitalization was $2.17 trillion at the time of writing this article. This was a significant drop of 6.73 percent in the last 24 hours. The total crypto market volume also dropped sharply on the day, as the industry suffered from Monday blues. When this post was created, the overall crypto market volume for the previous 24 hours was $123.99 billion. This was down 7.61 percent in the previous day's trading.
According to Reuters, open interest – the total number of futures contracts held by market players at the conclusion of the trading day – was last at $16.5 billion across all exchanges, down from $23.5 billion on Thursday and as high as $27 billion on November 10.
At the time of writing this article, the price of bitcoin was $47,621.34. This was a 3.94 percent increase.
According to CoinMarketCap data, bitcoin has dropped 16.94% in the last 24 hours and 16.94% in the last week.
Between September and November, Bitcoin increased by more than 60%, reaching an all-time high (ATH) of $69,000. Investors were bound to take some profits, thus a correction was unavoidable. In the crypto market, such corrections are common, and they have always resulted in additional growth and newer ATHs. According to Vikram Subburaj, CEO and creator of Giottus Technologies, "Bitcoin is projected to recapture $60,000 levels by the end of the year."
Ethereum has also seen a big drop in value. The price of the world's largest altcoin was $3,970.16 at the time of writing this article, down 5.53 percent in the previous 24 hours. Shiba Inu and Dogecoin, two memecoins, have dropped 11.98 percent and 9.13 percent, respectively, in the last 24 hours.
On the other hand, Meta Rewards Token outperformed the rest of the crypto group on Monday. The value of one coin has climbed by 5605.90% in the last 24 hours. According to CoinMarketCap data, one coin was worth $0.0000000007251. ElonTech and Christmas Floki X were the next two gainers on the day, taking the top two slots. GMR Finance, on the other hand, was the worst performer in the worldwide crypto pack, with a value of $0.000000003921. Over the course of the day, the coin lost 97.71 percent of its value. According to the data, HeroFi (ROFI) and Arata were ranked second and third, respectively.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
$0.0000000007251 (up 5,605.90%) Meta Rewards Token: $0.0000000007251 (up 5,605.90%) Meta Rewards Token: $0.0000000007251 (up 5,605.90%)
ElonTech is now at $0.00001251, up 668.50 percent.
Christmas Floki X is now $0.0000003342, up 332.12%.
Pi Inu: $0.00000282 - a 281.52 percent increase
Prince Floki V2: $0.0000003403 - an increase of 267.43%
Primecoin is now $0.2258, up 231.48%.