Bitcoin, Pepe Coin Tumble As HNT Takes The Lead

The crypto prices today were in the red, continuing the downward trend from last week, as the investors seem to be taking a break ahead of the holiday season. Notably, the market has so far witnessed a positive trading scenario over the last few weeks, before falling into the negative territory in the prior week.

Now, many investors are expecting a Santa Claus rally in the crypto market, which might again send the major cryptos to their new highs. However, some have also argued that there could be a small dump in the market, as some market participants and whales will go for a holiday break during this time.

Talking about the crypto prices, the Bitcoin price fell 1.96% over the last 24 hours to $41,147.58, while its trading volume rose 35.71% to $18.65 billion. However, despite the recent losses, the largest crypto market cap has added nearly 13% in the last 30 days.

Among other major cryptos, the Ethereum price plunged 1.96% and traded at $2,176.46, with its trading volume rising 25.32% to $8.10 billion in the same time frame. Simultaneously, the XRP price dipped 2.20% to $0.6065, and its trading volume jumped 29.93% to $953.19 million.

The Solana price also reflected a similar downturn trend witnessed in the market, and slipped 5.23% to $70.00 during writing. In addition, the Cardano price was down 6.1% to $0.5751, while its trading volume jumped 9.39% to $611.62 million.

In the meme coins segment, the Dogecoin price plummeted 3.53% to $0.09219, and its trading volume over the last 24 hours dropped by 1.25% to $499.07 million. Another top meme coin, the Shiba Inu price also plunged 7.6% to $0.00001007 during writing, and its one-day volume fell 46.09% to $411.0 million.

The slump in the major crypto prices has wiped off 2.32% of the global crypto market from yesterday and left it at $1.55 trillion. However, the trading volume surged 11.13% to $50.95 billion in the same time frame. Meanwhile, the fear and greed index in the crypto market was at 70, suggesting a “greed” sentiment in the market.

Also Read: FTX Plans to End Bankruptcy Soon, Return Billions to Creditors

The Top Cryptos For Today Are

Pepe Coin Loses 6%

The Pepe Coin was in negative territory on Monday, December 18, reflecting the gloomy sentiment witnessed in the broader market. Meanwhile, as of writing, the Pepe Coin price decreased by 5.81% to trade at $0.000001323, while its trading volume plummeted 35.23% to $80.93 million.

Helium (HNT) Jumps 8%

The Helium crypto was among the top percentage movers in the crypto market on Monday, defying the current market trend. The Helium price soared 8.16% and traded at $7.70 during writing, while its trading volume over the last 24 hours jumped 13.85% to $51.47 million. Notably, over the last seven days, the crypto has added over 52%.

FTX Token (FTT) Soars 6%

FTX Token was another top gainer in the digital asset space on Monday, suggesting that the investors are shifting their focus to the crypto. Meanwhile, as of writing, the FTX Token has added 5.91% and traded at $3.80, while its one-day trading volume fell 17.33% to $90.18 million. The crypto has also added 27% in the past 30 days.

Also Read: XRP Price Can Face 10% Pullback to $0.55 As Per Technical Charts

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor and crypto journalist at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.