Crypto News – The upward trend in cryptocurrency pricing that began in December is still continuing today.
December 8 Crypto Prices Continue to Increase at Full Speed
There are several reasons supporting the recent surge in cryptocurrency values, but the Bitcoin Spot ETF rumors have been a major one. Furthermore, market players now expect a possible rate drop as early as March of next year due to the central bank officials’ soothing remarks, which have boosted confidence.
The worldwide cryptocurrency market capitalization increased by 2.83% to $1.62 trillion in the last day as a result of the collective surge in cryptocurrency prices, which sparked a wider market rally. The overall volume of the cryptocurrency market increased by 4.95% to $70.35 billion at the same time. The crypto market fear and greed index, which is currently at 81 and indicates a general mood of extreme greed, warns investors to proceed with caution.
Pepe Coin Price Starts to Rise Again
On December 8, Pepe Coin‘s price increased by 7.07% to $0.000001538, but its trading volume decreased by 7.38% to $195.07 million in the previous day. The cryptocurrency’s price increase in recent days indicates that it has experienced a noteworthy boost. Over the previous seven days, the price of the meme coin saw advances of 39.10%.
Meme Coin Bonk on the Rise
Investor interest in Bonk (BONK), another well-known dog-themed meme coin, has increased significantly recently. As this was being written, the BONK price was up 39.77% and trading at $0.00001291, with an 84.86% increase in trading volume over the previous day.
Optimism (OP) Cryptocurrency Price Increased by 23%
Optimism (OP) was one of the top percentage movers in the market on Friday, December 8, indicating the general bullishness of the market. In the meantime, the trading volume of Optimism surged 401.74% to $721.24 million, and its price jumped by 23.61% to $2.15 over the previous day. This increase in trading volume meant an increase of $100 million in almost 24 hours, pushing the currency to 17th place in the CoinMarketCap trading volume rankings.
Gnosis Cryptocurrency is About to Hit $230
Another notable percentage riser in the digital asset market on Friday was the Gnosis cryptocurrency, suggesting that investors’ interest in the field is expanding. As of this writing, GNO‘s trading volume had increased by 184.35% to $51.74 million, while its price had increased by 14.39% to $228.68.
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