Today's Top Cryptocurrency Prices: Major Cryptos in Red; Ether Down 6%, Cardano Top Laggard
The value of Bitcoin, the biggest cryptocurrency in the world, has been fluctuating about Rs 14.65 lakh, with a market share of 40.17 percent as of this writing, up 0.74 percent from the previous day.
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Early on December 17, major cryptocurrencies experienced negative trading as the market capitalization of all cryptocurrencies fell by 6.11 percent from the previous day to $797.45 billion. $47.36 billion, or a 38.50 percent gain, was the total volume of the cryptocurrency market for the previous 24 hours.
$2.67 billion, or 5.63 percent of the 24-hour volume of the entire crypto market, is the total volume of DeFi at the moment. All stable coin volume is currently $43.54 billion, or 91.92 percent of the 24-hour volume of the whole crypto market.
According to CoinMarketCap, the cost of Bitcoin, the most popular cryptocurrency in the world, was hovering around Rs 14.65 lakh. Its market share is currently 40.17 percent, up 0.74 percent from the previous day.
In other news, the first exchange traded funds (ETFs) for bitcoin and ether futures in Hong Kong completed their first trading day higher on Friday, demonstrating investors' enthusiasm despite the collapse of the overall cryptocurrency market.
The CSOP Ether Futures ETF ended 0.4 percent higher at HK$7.805, while the CSOP Bitcoin Futures ETF closed up 0.5 percent at HK$7.81 a unit.
At HK$7.77 per unit, both ETFs had opened flat in comparison to their expected net asset values. The bitcoin futures ETF had the most trading activity out of the two, with a total of 937,200 units changing hands for HK$7.3 million.
These are the rates of the main cryptocurrencies as of December 17 at 8:05 am (info from WazirX):
NAME PRICE (INR) 24H
Bitcoin 14,65,999 -0.27%
Ethereum 1,02,000.0 -6.19%
Tether 87.00 2.24%
Cardano 23.3023 -12.94%
Binance Coin 19,920.71 -10.66%
XRP 30.0506 -5.05%
Polkadot 421.00 -8.79%
Dogecoin 6.8000 -10.65%
