The global crypto market is trading with stable momentum.
The crypto market became volatile because of whales' movements.
The prices of BTC, ETH, XRP, and DOGE show little losses in the last 24 hours.
At the time of writing, the global cryptocurrency market cap drops 0.6% in the last 24 hours to $0.843 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $25.5 billion.
The crypto market leader, Bitcoin price is currently trading at $16,829. This follows a 0.12% decrease in the last 24 hours. As a result, its market capitalization stands at $324.11 billion.
As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,219.1, which decreased by 0.19% in the last 24 hours.
The price of Binance (BNB) has decreased by 1% in the last 24 hours. BNB is currently ranked 5th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of BNB was trading at $242.9.
In addition, the price of XRP decreased by 1.24% in the last 24 hours. XRP is currently ranked 6th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of XRP was trading at $0.347171.
Dogecoin (DOGE) continues to lose its momentum and is currently trading at $0.07554. It decreased by 2.5% in the last 24 hours.
The global crypto market turns stable because of the massive movement of large whales. As per reports, following a brief surge, the whales became active and began buying & selling assets at the same time, assisting the market in regaining a stable momentum.
Meanwhile, the US equity market also shows stable momentum in its Friday (Dec 23) trading session, indicating a correlation between the two markets.
As per a court filing dated Dec. 21, the bankrupt crypto exchange FTX paid a $12 million retainer to bankruptcy lawyers as security for payment of its fees and expenses during Chapter 11 bankruptcy proceedings.
After a significant spike in the first few days of the debut, the price of Donald Trump's NFT fell by 72% during the past week.
The XRP Ledger Service's data shows that the number of accounts holding Ripple's native coin is constantly increasing.
COINGABBAR Views: If the current trend continues, the market will fall further. The volatility trend in the market has persisted for some time and appears to be continuing, as indicated by the current influx.
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