Bitcoin, Global Crypto Market Cap Decline on Traders Exits
Global cryptocurrencies market value jerked down as bitcoin and ether exchange-traded funds saw some of their biggest outflows to date last week. Bitcoin was down about 1.1% over the past 24 hours, trading at about $96,013, according to data from CoinMarketCap.
Ethereum (ETH) fell by more than 1.1% to trade at $3,336. The global crypto market cap was down 1% to $3.32 trillion. According to information from CoinMarketCap.com, cryptos market cap has dropped to $3.28 trillion, a 1.87% decrease over the last day.
The total crypto market volume over the last 24 hours settled at $153.6 billion, which makes a 10.79% increase with sell side effects on price. Data also revealed that the total volume in DeFi sits at $11.08 billion, accounting for 7.21% of the total crypto market 24-hour volume.
Meanwhile, the volume of all stable coins printed at $144.1 billion, which is 93.82% of the total crypto market 24-hour volume.
US-traded spot-price crypto exchange traded fund (ETFs) linked to bitcoin last week saw some of their biggest outflows since their January launch, with the 11 bitcoin funds logging almost $277 million in net redemptions on Friday, data from research platform SoSoValue showed.
A day earlier, investors withdrew $680 million from the funds, breaking a 15-day streak of inflows. Economic data will be sparse over the next two weeks, with US markets closing early on Tuesday ahead of Wednesday’s Christmas holiday.#Bitcoin, Global Crypto Market Cap Decline on Traders Exits CBN Defends Naira, Sells Dollars to Banks 4 Times
