Cryptocurrency prices made big gains today as investors continue to gain confidence in the digital asset space. At the same time, the market has been very volatile since last week, with growing regulatory concerns and other macroeconomic factors weighing on sentiment.
However, the recent recovery in the market also suggests an increase in the number of Santas as the holiday season approaches. According to market experts, the recent approval of the Bitcoin Spot ETF and the stance of the Federal Reserve, among others, could lead to a rally in the cryptocurrency market later in the year.
If we talk about the latest prices of cryptocurrencies, in the last 24 hours, the price of Bitcoin has increased by 4.32% to settle at $42,900.06. In addition, the transaction volume increased significantly by 38.86%, reaching 25.97 billion dollars. In the last 30 days, despite the recent losses, the price of Bitcoin has increased by more than 17%, showing positive growth.
Ethereum, another major player, rose 2.82% to $2,234.73. Meanwhile, trading volume increased by 28.54% to $10.43 million, XRP price increased by 0.99% to $0.6126, which increased trading volume by 69.36% to $1.62 million. .
Bucking the broader market trend, Solana jumped 8.28 percent to $75.59. In contrast, the price of Cardano increased by 6.2% to trade at $0.6109, trading volume increased by 22.90% to $752.47 million.
In the meme sector, Dogecoin rose 0.54% to $0.09261. In the last 24 hours, trading volume has increased by 35.55% to $676.61 million, and the price of Shiba Inu coin, another popular meme, has increased by 2.98% to $0.0000104. Shiba Inu's one-day sales fell 31.41% to $282.11 million.
Along with this, the rise in the prices of major cryptocurrencies has boosted the global cryptocurrency market. At the time of writing on December 19, the cryptocurrency market capitalization increased by 3.64% to $1.61 trillion, and the market size increased by 27.08% to $64.89 billion. He was 72 years old, which indicates a feeling of "greed" in the cryptocurrency market.
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The Pepe coin stays close to the flat line
Pepe Coin remains close to a flat line, indicating that investors are still being cautious before betting on the coin sector. Meanwhile, at the time of writing on December 19, Pepe coin price was down 0.15% to trade at $0.000001315, trading volume was 13.4% to reach $92.45 million.
Six (SEI) has increased by 30%
At the time of writing on Tuesday, the price of SEI was up 30.18% to $0.3146, which shows a positive trend in the broader cryptocurrency market. Meanwhile, cryptocurrency trading volume has increased by 432.41% in the last 24 hours to $582.19 million. In particular, the price of the cryptocurrency has increased by approximately 121% after a significant increase in the last 30 days.
Injection (INJ) increases by 22%
Cryptocurrencies continue to attract the attention of cryptocurrency enthusiasts, as evidenced by recent cryptocurrency successes. The injectable has risen 21.92% year-to-date and was trading at $37.86 on December 19, a 91.68% increase in trading volume to $513.31 million. Meanwhile, the cryptocurrency has increased by approximately 141% in the last 30 days.
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