Crypto Market Crash Live Updates December and Latest News: (17 December 2022) The global crypto market cap registers a major drop as the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) price slumps by 4% and 7% respectively.
The cumulative crypto market cap is down by around 6% over the past day to stand at $802 billion. Meanwhile, the 24 hour trading volume is up by 50% to stand at $50.04 billion.
Ethereum Price Drops By 7%
Ethereum price drops by a heavy 7% in the last 24 hours. ETH is trading at an average price of $1,183, at the press time.
However, the recent price crash has eroded all of last week’s gains for ETH.
Ethereum price faces the risk of further downfall going ahead. Since the Beacon chain upgrades last year, ETH investors have been staking their coins with Ethereum 2.0.
Bitcoin Price Slumps Under $17K
Bitcoin (BTC) price tanked by 4.5% and has slipped under its crucial support of $17,000. With the recent BTC price drop, it has given up all weekly gains and is now in negative territory.
The broader cryptocurrency market has come under strong selling pressure correcting by 6% in the last 24 hours and losing $50 billion. Read more here…
Crypto Market Crash
The global crypto market cap registers a major drop on Saturday morning. The cumulative crypto market cap is down by around 6% over the past day to stand at $802 billion. Meanwhile, the 24 hour trading volume is up by 50% to stand at $50.04 billion.
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