The bulls have managed to contain the ire of the bears in the general cryptocurrency market, at least in the short term. The global crypto market capitalization was $ 2.20 trillion, an increase of 1.19 percent, but the trading volume decreased by 8.83 percent to $ 87.40 billion on December 31, suggesting that there could be some buying activity. of bargains in this weak market, coinmarketcap data showed at 8.28am.
The Mexican government announced on Twitter that the central bank Banco de Mรฉxico has said that the country can have its own central bank digital currency (CBDC) in wide public circulation by 2024. The government was quoted as saying: โThe @Banxico reports that By 2024, it will have its own digital currency in circulation. "
Recently, the third richest person in Mexico, Ricardo Salinas Pliego, also urged his followers to buy Bitcoins instead of fiat currency. Yahoo Finance quoted him saying: โStay away from fiat money. Whether it's the dollar, the euro, or the yen, it's all the same. "
Trading volume in the world's oldest crypto, Bitcoin (BTC), has risen 14.68 percent to $ 36,126,580,403. Prices, however, were not very enthusiastic and were trading a moderate gain of 0.74 percent at $ 47,045.21. Rival Ethereum (ETH) was up 1.66 percent at $ 3,716.96. Its relationship between trading volume and market capitalization was 0.02728.
โBitcoin hovers around $ 47,000 with low volume spot trading around the world. As the year draws to a close, fluctuations in the market may not be significant. Charts show bullish signals for the market leader, but momentum remains unpredictable, โsays Gaurav Dahake, CEO and co-founder of Bitbns.
Cardano (ADA) was up 1.79 percent at $ 1.34, while Algorand, known as the Ethereum killer, was up 6.52 percent at $ 1.67; Its market cap is now $ 10,611,961,496.
Among other major coins, Binance Coin (BNB) was marginally down 0.72% to $ 511.54, while Solana (SOL) was up 0.42% to $ 171.25.
Today's top winner was TOKOK (TOK), which was up 808.36% to $ 0.05499. The main loser was Degenerator Meme (MEME), which plummeted 100 percent to $ 0.006148.
Meme and DeFi Coins
Dogecoin (DOGE) was trading 0.61 percent down at $ 0.1707, while rival Shiba Inu (SHIB) was up 1.84 percent at $ 0.00003404, data from coinmarketcap showed.
ELON is trading 3.18% up at $ 0.000001466. Floki Inu is up 6.84 percent to $ 0.0001026, while Samoyed Coin (SAMO) is trading 0.90 percent loss at $ 0.03765.
In the DeFi segment, YFI (yearn.finance) was trading 6.72% up at $ 30,140.68. Terra (LUNA) rose 5.94% to $ 86.25, Avalanche (AVAX) gained 2.73% to $ 101.82 and
Uniswap (UNI) added 6.37% to $ 17.89.
Latest Updates
Binance, the world's largest crypto exchange by volume, has committed to making a โฌ 100 million investment in France to establish a research and development office. David Princay, French General Manager of Binance, in a recent interaction with CNBC was quoted as saying: "Having an R&D center is a step we must take for our next evolution."
Cardano blockchain founder Charles Hoskinson, in a recent Christmas video, expressed his desire to make DeFi accessible to people living in Africa. He was quoted as saying: "We have completely bypassed the banking system in Africa, which is tremendously predatory at times and allows some of the worst people alive to remain in power," Investing.com reported.
