Crypto News – Due to investors’ preference for riskier assets, today’s cryptocurrency prices are maintaining the bullish trend that has been seen in the market throughout December.
According to December 5 Crypto Prices, the Upward Trend Continues
The main cryptocurrencies, including Ethereum and Bitcoin, have reached their highest points in over a year thanks to the recent uptrend in the overall cryptocurrency market. It appears that the excitement surrounding the Bitcoin Spot ETF has played a major role in the market’s advances, even if there have been a number of other catalysts as well.
The current spike in cryptocurrency prices has led to a general market upswing. The global cryptocurrency market capitalization has dropped to $1.53 trillion during the past 24 hours due to the recent negative momentum. Moreover, the overall volume of the cryptocurrency market surged to $87.43 billion, up 41.66%. Investors should exercise caution, though, as the cryptocurrency market’s fear and greed index, which was at 79, indicated that the market was feeling greedy.
Pepe Coin Price Falls as Trading Volume Rises
The recent increase in the price of the meme coin indicates that the Pepe Coin has had favorable momentum thus far this week. As of this writing on December 5, the price of Pepe Coin had dropped by 1.53% to $0.000001363, but its trading volume had surged by 71.84% to $401.01 million in the previous day. In the past seven days, the cryptocurrency has increased by more than 29.37%.
Stacks (STX) Price Increase Signals Investor Interest
Being one of the top gainers in the cryptocurrency market indicates that investors are paying attention to STX. As of this writing, the price of Stacks was up 32.80%, and it was trading at $1.11 on Tuesday. Its trading volume increased significantly yesterday, rising 641.21% to $984.65 million.
Conflux (CFX) is Also Among the Bullish Ones
On December 5, the price of Conflux (CFX) surged 21.74% to $0.207, and its trading volume increased by 745.90% to $304.77 million. In the midst of a rally in the main cryptocurrency prices today, it appears from the recent spike in price and trading volume that the cryptocurrency has received significant traction among market players.
FLOW Crypto Increased 13%
Another significant mover in the digital asset market on Tuesday was the Flow cryptocurrency. In the meantime, the price of FLOW increased by 13.05% from its previous 24-hour trade to $0.8081. As of writing on December 5, the cryptocurrency’s trading volume had surged 371.33% to $270.43 million. The last 30 days have seen a 52% increase in cryptocurrency.
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