Cryptocurrency prices today tumbled, with Bitcoin and Ethereum falling 1.18% and 2.65% over the last 24 hours. The world’s largest cryptocurrency, Bitcoin, was spotted trading at USD$16,830.00 mark, while Ethereum swapped hands at USD$1,229.67 per token. Meanwhile, the global crypto market cap was down 1.66% at $840.20B at the time of writing. Additionally, the total crypto market volume over the last 24 hours is $37.13B, which makes a 4.87% increase.
As per the data by Coinmarketcap, Bitcoin has a live market cap of USD$323,599,590,366 and a 24-hour trading volume of USD$19,735,886,802. On the other side, Ethereum had a 24-hour trading volume of USD$5,732,496,360 with a live market cap of USD$150,479,568,764.
SHIB and DOGE fare poorly today:
The most popular meme coins, Shiba Inu and Dogecoin, prices were down 1.50% and 4.17% at USD$0.000009 and USD$0.096350.
Top Crypto losers:
ImmutableX:
Today, the price of ImmutableX was down 9.24% at USD$0.437556 with a 24-hour trading volume of USD$11,197,570. The altcoin has a live market cap of USD$318,583,922. It has a circulating supply of 728,098,665 IMX coins and a maximum supply of 2,000,000,000 IMX coins.
Axie Infinity:
The live Axie Infinity price today is USD$8.18, down 8.71%, with a 24-hour trading volume of USD$220,181,128. The current CoinMarketCap ranking is #50, with a live market cap of USD$822,456,122. It has a circulating supply of 100,564,114 AXS coins and a maximum supply of 270,000,000 AXS coins.
Solana:
The live Solana price today (8 December) is USD$13.41, with a 24-hour trading volume of USD$226,801,915. Solana is down 4.60% in the last 24 hours and has a live market cap of USD$4,907,482,577. It has a circulating supply of 365,961,770 SOL coins.
XRP:
XRP price was down 0.06% at USD$0.386835 in the early morning trade on Thursday. The 24-hour trading volume of XRP is USD$853,251,925. The altcoin has a live market cap of USD$19,442,515,569.
On Wednesday, various media reports suggested that Gene Hoffman, who has decades of experience working with the SEC, predicted that the U.S. Securities and Exchange Commission would defeat Ripple in a highly watched legal battle that will soon stretch into its third year.
The spectacular collapse of FTX recently shook the entire crypto industry, with the value of BTC down sharply this year. Meanwhile, federal prosecutors are scrutinizing if FTX’s founder, Sam Bankman-Fried (SBF), manipulated the market, leading to the collapse of two cryptocurrencies that resulted in the implosion of his cryptocurrency exchange in November this year.
Performance on U.S. stocks on Wall Street:
The S&P 500 and Nasdaq Composite extended the losing stream on Wednesday as they were down 0.19% and 0.51% at 3,933.92 points and 10,958.55 points, respectively.
Meanwhile, the Dow Jones Industrial Average ended flat at 33,597.92 points in the overnight trading on Wednesday.
This week, markets have also been daunted by negative comments from top executives at Goldman Sachs Group Inc, JPMorgan Chase & Co, and Bank of America Corp that a mild to a more pronounced recession was likely ahead.
