Cryptocurrency News, Market Analysis

Crypto Market Turns Red Again As Bitcoin Price Falls Under $47k.

Over the previous 24 hours, the worldwide crypto market capitalization fell by 1.80 percent to $2.18 trillion. Bitcoin, which is presently priced at $47,058.91, has lost 3.80 percent of its market domination in the previous day, bringing it to 41.00 percent.

During the previous 24 hours, the overall cryptocurrency trade volume was $90.42 billion, a drop of 98.85 percent. Stablecoins ($86.40 billion) contributed 79.19 percent of the crypto market’s 24-hour market volume, while DeFi ($13.73 billion) contributed for 12.24 percent of total crypto volume.

In terms of key cryptocurrencies, Bitcoin fell by 3.71 percent to $47,058, while Ethereum at $3882 fell by 3.88 percent. Cardano at $1.25 fell by 4.63 percent. In the past 24 hours, Avalanche $104.16 increased by 0.86 percent, Polkadot at $25.58 fell by 5.46 percent, and Litecoin at $148.77 fell by 3.51 percent.



Memecoin SHIB fell by approximately 4.19 percent, while DOGE fell by 3.073 percent to trade at $0.1734. LUNA has risen by 2.62 percent to $65.14 USD.

According to many media sites, India’s much-anticipated cryptocurrency regulatory law would most likely not be submitted to Parliament till the 2022 session, which starts in late January or early February. Having zero Cabinet clearance this week, clock is ticking short for the bill to be submitted in parliament before the session closes on December 23. The upcoming Cabinet meeting, in particular, is set on December 22.

Michael Jordan, the six-time NBA winner and Chicago Bulls star, has announced intentions to establish a fan interaction software platform based on Solana. Particularly, the HEIR platform is intended to connect sportspersons with their most enthusiastic admirers. It will include a HEIR token produced Stabon the Solana, as well as NFT assets and community-building elements such as fans being eligible to attend an athlete’s limited-capacity “huddle” for unique access and rewards.

Sotheby’s, the 277-year-old British auction house, said that purchases of its non-fungible tokens hit about $100 million in 2021, bringing further good news to the booming NFT industry.

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