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Market falls as Bitcoin (BTC), Ethereum (ETH) and other cryptos retreat

The cryptocurrency market traded at a loss on December 28, 2022. Most cryptos including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), etc. have been trading in the red.

The market cap fell 1.52 percent to $799.37 billion as of 6:35 p.m. Wednesday night. However, according to Coinmarketcap.com, the market volume increased by 24.76 percent to $29.59 billion in the last 24 hours.

Gemini Dollar (GUSD) was the biggest gainer, up 0.29 percent, while Terra Classic (LUNC) was the biggest loser. Bitcoin, Polygon (MATIC) and Shiba Inu (SHIB) were the top 3 trending cryptos today.

cryptocurrency prices

Bitcoin: BTC fell 0.96 percent to $16,664.94. BTC trading volume increased by 23.54 percent to $16,418,516,775. BTC was trading in the $16,660-$16,665 range on Wednesday.

BTC dominance is currently 40.01 percent, up 0.93 percent over the past 24 hours.

Ether: Ethereum (ETH) price fell 1.97 percent to $1,194.71. Ethereum was trading in red as its price continued to fall throughout the day. It fell from $1,208 to $1,194 in the last 24 hours. Its 24-hour trading volume increased by 23.35 percent to $4,492,324,742.

Other Altcoins

Solana (SOL) is down 9.94 percent today at $10.00.

Ripple (XRP) fell 2.08 percent to $0.3583 and its 24-hour trading volume declined 15.30 percent to $894,678,671.

Cardano (ADA) is down 3.38 percent at $0.2521. Cardano 24-hour trading volume increased by 27.11 percent to $195,269,489.

meme coins

Dogecoin (DOGE) fell 5.11 percent to $0.07104. The 24-hour trading volume increased by 84.90 percent to $465,845,614.

Shiba Inu (SHIB) is down 3.89 percent to $0.000007073.

Decentralized Finance (DeFi)

Yearn.Finance (YFI) declined 4.50 percent to $5,296.69. The 24-hour trading volume increased by 43.29 percent to $16,485,601.

Avalanche (AVAX) fell 3.30 percent to $11.36 and its 24-hour trading volume increased 30.04 percent to $145,779,689.

Aave AAVE) fell 4.22 percent to $54.78. The 24-hour trading volume rose 13.86 percent to $48,509,084.

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