The global crypto market became highly unpredictable.
The crypto market became volatile because of whales' movements.
The prices of BTC, ETH, SOL, and DOGE show little gains in the last 24 hours.
Little gains in the last 24 hours due to macroeconomic circumstances. As a result, the prices of Bitcoin, Ethereum, BNB, and Cardano are trading in the green.
At the time of writing, the global cryptocurrency market cap has surged 0.4% in the last 24 hours to $0.831 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $33.31 billion.
The crypto market leader, Bitcoin price is currently trading at $16,622. This follows a 0.6% increase in the last 24 hours. As a result, its market capitalization stands at $320.16 billion.
As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,198.9, which increased by 1.12% in the last 24 hours.
The price of Binance (BNB) has increased by 1.2% 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 $245.9.
However, the price of XRP decreased by 2.7% 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 $0.3415.
Shiba Inu (SHIB) continues to gain momentum and is currently trading at $0.00000817. It increased by 3.8% in the last 24 hours.
The global crypto market turns volatile because of the massive movement of large whales. As per reports, following a brief fall, the whales became active and began buying assets at lower prices, assisting the market in regaining a volatile momentum.
In addition, the US equity market shows bullish momentum in its Yesterday’s (Dec 29) trading session, indicating a correlation between the two markets.
Mercurial, a DeFi trading project, plans to rebrand as Meteora and issue a new token to practically all MER holders. As part of its effort to distance itself from the controversial FTX debacle, the company is aiming to extend its trading offerings.
Following four weeks of dormancy, 30 crypto wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on December 28. These wallets swapped and mixed over $1.7 million in crypto assets using multiple crypto-mixing services.
Matrixport, a crypto asset management firm, will delist the Solana and Solana-U dual-currency investment products on December 30.
COINGABBAR Views: If the current trend continues, the market will surge further. The volatility trend in the market has persisted for some time and appears to be continuing, as indicated by the current influx.
Read also: Solana-Based DeFi Project Mercurial Will Relaunch As Meteora
