24 Hrs Crypto Update, Dec 11: Global Crypto Market Dropped Significant
Key Takeaways
- The global cryptocurrency market shows consolidation after the Unemployment Claims data.
12-12-2022
By: Anirudh Trivedi
-
GEOPOLITCAL NEWS
-
The cryptocurrency market is experiencing a decline as
investorsare taking on less risk. Today, the entire cryptomarket is in the red with most digital currencies experiencing a dip in value.This shift in investor sentimenttowards risk has led to a sell-off of cryptoassets.
The cryptocurrency market's downward trend is in linewith the U.S.equities market, whichexperienced a shiftin "risk- on" assets like stocks and digital assets followingthe inflation data release on Friday. Investors are now concerned that the U.S. Federal Reservecould impose more interest rate hikesin the near future, prompting them to sell off their assets.
| Indices | LTP | Change (%) |
|---|---|---|
| Bitcoin | 23600 | 1% |
| Ethereum | 1600 | 2% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| Bitcoin | 23600 | 1% |
| Ethereum | 1600 | 2% |
| DGFD | 102 | 3% |
WHAT'S YOUR OPINION?
