Crypto News – As investors appear to be taking a break following a recent market bull, cryptocurrency prices have maintained their downward trajectory today.
December 12 Crypto Prices Affected by Negative Sentiment in the Market
The market’s performance has been negatively impacted by the recent selloff in digital assets, as seen by the decline in the prices of the main cryptocurrencies. The overall volume of the cryptocurrency market decreased by 28.92% to $49.61 billion as of this writing, while the global crypto market valuation dropped by 5.75% to $1.49 trillion. Notably, there appears to be a mood of greed in the market, as the fear and greed index barely moved from last week’s score of 80 to 74.
Pepe Coin’s Market Volume Drops 29%
On Tuesday, December 12, the Pepe Coin kept moving south as a downward trend was observed in the larger cryptocurrency market. As of this writing, Pepe Coin’s market volume had dropped by 29.32% to $135.13 million, and its price had dropped by 0.78% to $0.000001435. However, it has gained around 13.5% over the last 30 days.
KuCoin Token Challenges the Market
Defying the gloomy trend observed in the market, the KuCoin Token (KCS) was among the top gainers in the digital asset area. As of December 12, the price of KuCoin had increased by 32% to $12.91, while on the previous day, its trading volume had increased by 188.21% to $16.57 million.
Avalanche Price Rises to $41
An increasing interest in cryptocurrencies among investors was indicated by the Avalanche (AVAX), which was another top percentage mover in the market on Tuesday. Avalanche’s one-day trading volume increased 30.98% to $3.17 billion as of this writing, with the price up 14.66% at $41.00 Of particular note, throughout the past week, the price of AVAX has increased by more than 84.25%.
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