The majority of the crypto prices today experienced declines, indicating that investors are staying on the sideline following a recent market rally. Notably, the cryptos have gained significant gains over the last few weeks, before witnessing volatile trading this week, as investors assess several risks hovering over the market.
However, the dovish remarks from the Fed officials have fuelled confidence of the investors earlier this week. Now, the investors seem to be pausing before making further bets in the market after a recent rally.
In today’s crypto prices, Bitcoin price experienced a 1.13% dip, settling at $42,251.34, while its trading volume from yesterday fell 22.84% to $19.59 billion. However, despite concerns, it has gained nearly 13% in the last month, showing resilience.
Notably, the Ethereum price mirrored the same trend as Bitcoin, dropping 1.37% to $2,247.07, but showcasing robust 9% increase over the last 30 days. Its one-day trading volume dipped 21.57% to $10.13 billion. The XRP price faced a setback, down 2.08% at $0.6207, while its trading volume slipped 16.4% to $1.26 billion.
Meanwhile, the Solana price was down 1.24% to $73.95 during writing, and its trading volume rose 12.25% to $2.89 billion. On the other hand, the Cardano price registered a decline of 3.63% and traded at $0.613.
Simultaneously, the sentiment in the meme coin segment was also gloomy on December 16, as evidenced by the performance of the cryptos. The Dogecoin price decreased by 3.48% to $0.09387 while writing, and its trading volume over the last 24 hours plummeted 18.5% to $596.84 million. In addition, the Shiba Inu price was down 1.80% to $0.000009756 during writing, and its trading volume plunged to $177.07 million.
The global crypto market cap retreated by 0.75% to $1.6 trillion, attributed to declines in major crypto prices. On the other hand, the trading volume decreased by 11.4% to $60.24 billion, and the fear and greed index indicated an “greed” sentiment at 73. These fluctuations suggest a cautious market mood, emphasizing the need for investors to closely monitor the evolving crypto landscape.
Also Read: Cardano (ADA) Price Drops 5% At Key Support Zone, Will the Rally Continue?
The Top Cryptos For Today Are
Pepe Coin (PEPE) Slips 4%
The Pepe Coin price was down 4.44% on December 16 and traded at $0.000001366, reflecting the gloomy sentiment noted in the broader digital asset space. Meanwhile, the trading volume of the popular meme coin was down 33.6% over the last 24 hours to $110.86 million.
Internet Computer (ICP) Adds 35%
The Internet Computer crypto was among the top percentage movers in the crypto space on Saturday. Notably, the Internet Computer price was up 34.72% and traded at $8.57, defying the downturn trend witnessed in the major crypto prices. In addition, the trading volume of the crypto also soared 123.22% to $261.30 million.
Helium (HNT) Soars 17%
The Helium price added 16.88% to trade at $8.68 during writing on December 16, suggesting how the investors are putting their focus on the crypto. Its trading volume from yesterday rose 9.7% to $62.67 million. Notably, the crypto’s price surged 87% over the last seven days, along with a 30-day jump of 318%.
Also Read: Sam Altman Says WorldCoin (WLD) ‘More Important’ In AI World
