Crypto Price Today 12 Dec: Dogecoin, Pancake Swap, Terra Classic, Solana Plunges Yet Again

CoingapePublished on 2022-12-12Last updated on 2022-12-12

Abstract

The crypto market’s big coins have fallen in the last 24 hours, making it a dull day for investors. The market still seems bearish as coins are falling down every other day.

Crypto Price Today 12 Dec: The crypto market’s big coins have fallen in the last 24 hours, making it a dull day for investors. The market still seems bearish as coins are falling down every other day.
In the last 24 hours, Dogecoin has plummeted by 8.96%. Pancake Swap has dipped by 1.95%. Terra Classic is down by 4.08%. Solana has dropped by 4.58%. Hooked Protocol is the biggest loser by plunging 14.69%. Ark has slashed by 8.26%. Shiba Inu takes a dip of 4.32%. Chainlink fell by 4.60%.
With a downward fall of 1.95%, the global crypto market cap stands at 840.55 billion USD. The global crypto market volume is at 30.77 billion USD, an increase of 27.07%.
Top Cryptocurrency Price Today
Dogecoin (DOGE) is down by 8.96%
Dogecoin has taken a drastic fall of 8.96%. The market cap currently is at 11.393 billion USD. Trading volume has been boosted by 197.02%. Each Doge token costs 0.08819 USD.

Crypto Price: DOGE

Source: coinmarketcap
Pancake Swap (CAKE) is down by 1.95%
Pancake Swap has taken a dip of 1.95% and the market cap now stands at 630.81 million USD. Each token of CAKE is costing 3.92 USD. Trading volume is up by 50.88%.

Crypto Price: CAKE

Source: coinmarketcap
Terra Classic (LUNC) is down by 4.08%
With a slip of 4.08%, Terra Classic’s market cap stands at 979.540 million USD. Trading volume is up by 7.05%. Terra Classic coin is selling at 0.0001637 USD.

LUNC

Source: coinmarketcap
Solana (SOL) is down by 4.58%
A major dip of 4.58% takes Solana token to 12.99 USD. Presently, the market cap is at 4.578 billion USD. Trading volume has risen by 66.90%.

SOL

Source: coinmarketcap
Conclusion
While many analysts predicted that the market will; go up as we enter into another year, the charts are currently showing a different situation. The market still seems bearish with the FTX fiasco.

Related Reads

Bit Digital Saw Ethereum’s Strategic Value Before Institutions Caught On

Bit Digital recognized Ethereum's strategic value as a core balance sheet asset years before institutional consensus caught on. The company based its thesis on Ethereum's expanding role as the primary settlement layer for decentralized finance, stablecoins, and tokenized real-world assets (RWAs), even while its price remained compressed. Bit Digital has been building its ETH position over multiple cycles, viewing market weakness as a strategic accumulation opportunity. This view is supported by data showing large holders (with 100,000+ ETH) have increased their collective balance to a 9-week high, now holding roughly 22% of the circulating supply. The next phase of tokenization is expected to be defined by credible, compliant settlement infrastructure—a role Ethereum is increasingly dominating—rather than by speed or market narratives.

bitcoinist2h ago

Bit Digital Saw Ethereum’s Strategic Value Before Institutions Caught On

bitcoinist2h ago

US Seizes Nearly $1B in Iranian Crypto Amid Economic Pressure Campaign

The United States has seized nearly $1 billion worth of Iranian cryptocurrency, Treasury Secretary Scott Bessent announced. He noted some wallet owners may be unaware their funds were confiscated. The action is part of "Operation Economic Fury," a U.S. financial pressure campaign against Iran launched in March 2025, which has also involved freezing bank accounts and seizing properties with European partners. Bessent stated that prior to U.S. intervention, the Iranian regime was allegedly diverting hundreds of millions monthly to a small elite. He described Iran's economy as severely strained, with food rationing, internet outages, and many military personnel going unpaid. The $1 billion seizure figure marks a significant increase from previous totals reported in April.

TheNewsCrypto8h ago

US Seizes Nearly $1B in Iranian Crypto Amid Economic Pressure Campaign

TheNewsCrypto8h ago

For the First Time, the U.S. Government Lifts Ban on Crypto Perpetual Contracts: What Does It Mean for the Market?

On May 29, the U.S. Commodity Futures Trading Commission (CFTC) issued guidance permitting 7*24 trading and clearing for crypto asset derivatives, effectively opening the U.S. market to crypto perpetual contracts for the first time. This move allows U.S. citizens and certain platforms to trade these instruments around the clock. Key beneficiaries include Kalshi, which received approval to list a Bitcoin perpetual contract; Coinbase, now the first CFTC-regulated Futures Commission Merchant (FCM) for U.S. clients; and CME, which will transition its Bitcoin futures and options to 7*24 trading. The CFTC emphasized that this is a tailored approach for crypto assets, requiring platforms to maintain compliance and risk assessments, while noting traditional commodities like agriculture may not be suitable for such hours. Industry leaders like Michael Saylor and Brian Armstrong praised the decision for bringing a major segment of the global crypto market to U.S. users. However, consumer advocacy group Better Markets criticized the CFTC, alleging it overlooked investor risks and acted in the industry's interest rather than the public's. Following the guidance, Kraken announced plans to launch CFTC-regulated perpetual futures in the U.S., signaling a potential surge in derivatives trading activity.

marsbit10h ago

For the First Time, the U.S. Government Lifts Ban on Crypto Perpetual Contracts: What Does It Mean for the Market?

marsbit10h ago

US Government Lifts Ban on Crypto Perpetual Contracts for the First Time: What Does It Mean for the Market?

The U.S. Commodity Futures Trading Commission (CFTC) has issued guidance permitting 24/7 trading and clearing for crypto asset derivatives, effectively opening the U.S. market to crypto perpetual contracts for the first time. This move ends the previous ban and allows American individuals and institutions to trade these instruments around the clock. Direct beneficiaries include Kalshi, which received approval to list a Bitcoin perpetual contract; Coinbase, now the first CFTC-regulated futures commission merchant for U.S. clients to access global crypto derivatives; and CME, which will transition its Bitcoin futures and options to 24/7 trading. The CFTC emphasized this is a specific allowance for crypto assets, noting that traditional commodities like agriculture may not be suitable for non-stop trading. It also requires platforms to undergo case-by-case reviews for compliance and risk management. Industry leaders like Michael Saylor and Brian Armstrong praised the decision for integrating Bitcoin into capital markets and granting U.S. users access to a major global market segment. However, consumer advocacy group Better Markets criticized the CFTC for allegedly neglecting investor protection and favoring the industry it regulates. Other platforms like Kraken have announced plans to launch regulated perpetual futures for the U.S. market. The policy shift is expected to redirect significant liquidity and institutional participation to the newly accessible U.S. crypto derivatives landscape.

Odaily星球日报10h ago

US Government Lifts Ban on Crypto Perpetual Contracts for the First Time: What Does It Mean for the Market?

Odaily星球日报10h ago

How the CLARITY Act Reshapes the Stablecoin Yield Economy

The CLARITY Act, recently advanced by the U.S. Senate Banking Committee, fundamentally reshapes the stablecoin yield economy by closing loopholes left by the earlier GENIUS Act. Its Section 404 expands the ban on "hold-to-earn" rewards to all Digital Asset Service Providers (DASPs) and their affiliates, prohibiting any passive, interest-like yield. Crucially, it introduces a legal distinction, permitting "use-to-earn" rewards based on actual activities like spending, trading, or staking. In anticipation of this regulatory shift, major Wall Street asset managers—Morgan Stanley, BlackRock, and JPMorgan—have launched a series of tokenized money market funds (e.g., BlackRock's BRSRV, JPMorgan's JLTXX) designed explicitly for stablecoin reserve assets. These products represent a new, compliant yield layer: the stablecoin issuer earns interest from the underlying tokenized fund, which can then be passed to users through redesigned activity-based rewards. This marks a paradigm shift from a "hold-to-earn" to a "use-to-earn" market. While pathways remain for exchanges to redesign rewards (Path A) and for DeFi protocols to offer yield (Path B), the tokenized reserve asset layer (Path C) emerges as the most robust and strategically positioned infrastructure. However, this concentration—exemplified by BlackRock's BUIDL fund backing over 90% of USDtb's reserves—introduces new systemic risks. The final outcome hinges on regulatory decisions, particularly the OCC's proposed 20% cap on tokenized assets in reserves, which will determine the scalability of this new financial infrastructure layer.

marsbit11h ago

How the CLARITY Act Reshapes the Stablecoin Yield Economy

marsbit11h ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of SOL (SOL) are presented below.

活动图片

Top Questions