Top Performers and Decliners
- Biggest Gainer: KuCoin Token (KCS) with a 28.01% surge
- Biggest Loser: Terra (LUNA) with a 6.32% drop
Bitcoin (BTC) and Ethereum (ETH) Prices
As of December 12, Bitcoin is valued at $41,708.81, marking a 1.39% decrease.
Ethereum is trading at $2,231, experiencing a 0.85% loss.
Other Altcoin Prices
- Dogecoin (DOGE): $0.09634 (-5.31%)
- Litecoin (LTC): $73.12 (-1.17%)
- Ripple (XRP): $0.6242 (-0.74%)
- Solana (SOL): $71.09 (+0.19%)
Top Gainers Over the Past 24 Hours
- KuCoin Token (KCS): $12.732 (+28.01%)
- Injective (INJ): $26.45 (+16.63%)
- Immutable (IMX): $2.22 (+16.37%)
Top Losers Over the Past 24 Hours
- Terra (LUNA): $0.9743 (-6.32%)
- Curve DAO Token (CRV): $0.6603 (-4.75%)
- Dogecoin (DOGE): $0.09626 (-4.45%)
Market Insights from Experts
Edul Patel, Mudrex CEO: Bitcoin has faced a downturn, dropping to $40,000 due to increased liquidations. The $40,000 support level is under pressure, and BTC is currently trading at $41,000. Ethereum is mirroring Bitcoin’s correction but is rebounding.
CoinSwitch Markets Desk: Bitcoin is correcting after an 8-week rally, finding support around the $40k mark. Altcoins like Injective (INJ), Celestia (TIA), Immutable (IMX), and Avlanche (AVAX) are showing strength.
Rajagopal Menon, WazirX Vice President: Liquidations remain a concern, with $66.29M liquidations in the past 24 hours. The 10-day moving average indicates a ‘Sell’ signal.
Sathvik Vishwanath, Unocoin CEO: Monday’s trading session saw $500 million in liquidated positions, leading to significant price drops. Longs and shorts totaled $475 million and $73 million in losses, respectively.
Shivam Thakral, BuyUcoin CEO: The markets are expected to remain volatile ahead of the Fed rate hike decision and CPI release. Bitcoin saw $200 million in liquidations on Monday.
CoinDCX Research Team: The market experienced high volatility in the past 24 hours. Today, Optimism (OP) and Immutable-X (IMX) are outperforming. BTC and ETH are showing signs of recovery. The correction might be a healthy adjustment within the broader bullish trend.
Disclaimer: Crypto products and NFTs are unregulated and highly risky. There is no guarantee of recourse for any losses incurred. Cryptocurrency is not legal tender and is subject to market fluctuations. Readers should seek expert advice and fully understand the risks involved before making any investment decisions. Cryptocurrency market predictions are speculative, and investments should be made at the investor’s own risk.
Author: Jane Doe
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