Crypto Market Crash Live December Updates and Latest News : (17th December 2022) The global crypto market cap has seen a sharp decline as the prices of the largest digital assets like Bitcoin (BTC) and Ethereum (ETH) plunge by 4% and 7% respectively.
Cumulative crypto market cap is down around 6% over the past day to $802 billion. Meanwhile, 24-hour trading volume is up 50% to $50.04 billion.
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2022-12-17T13:15:00+5:30
Over $237 million liquidated from the crypto market
According to data provided by Coinglass, the crypto market has witnessed a total liquidation of $237.8 million over the past 24 hours. More than 95,000 traders have liquidated this huge amount of funds from the market. However, the largest single liquidation order occurred on Binance, where a trader withdrew $5.52 million worth of Ethereum.
2022-12-17T12:40:00+5:30
Filecoin Price Plunges 27%
Filecoin is the biggest loser among top cryptos in the last 24 hours. Filecoin price is down a whopping 27%. FIL is trading at an average price of $3.05 at press time. Meanwhile, 24-hour trading volume is up 356% to $441.5 million.
2022-12-17T12:00:00+5:30
Ethereum Price Drops 7%
Ethereum price is down a whopping 7% in the last 24 hours. ETH is trading at an average price of $1,183 at press time.
However, the recent price drop has wiped out all of the gains for ETH over the past week.
Ethereum price faces risk of another crash. Ever since the Beacon chain upgraded last year, ETH investors have been staking their coins with Ethereum 2.0.
2022-12-17T11:20:00+5:30
Bitcoin price collapses below $17,000
Bitcoin (BTC) price is down 4.5% and slipped below its crucial $17,000 support. With the recent BTC price drop, it gave up all weekly gains and is now in negative territory.
The broader cryptocurrency market has come under heavy selling pressure, correcting 6% and losing $50 billion in the last 24 hours. Read more here…
2022-12-17T11:00:00+5:30
Crypto market crash
The global crypto market cap sees a sharp drop on Saturday morning. Cumulative crypto market cap is down around 6% over the past day to $802 billion. Meanwhile, 24-hour trading volume is up 50% to $50.04 billion.
Disclaimer
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication assumes no responsibility for your personal financial loss.
About the author
Ashish believes in decentralization and has a keen interest in advancing blockchain technology, the cryptocurrency ecosystem, and NFTs. He aims to create awareness of the growing crypto industry through his writings and analysis. When he’s not writing, he’s playing video games, watching a thriller, or exercising outside. Reach me at [email protected]
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