Author: The crypto markets look green on the start of the Christmas week, after recording slight losses on Saturday, Dec 22 with Bitcoin going below $3,900.
At press time, however, Bitcoin is up 3.16% over the last trading session with its current price at $4,084. Almost all the top 20 cryptocurrencies are seeing their own share of the new week’s profit except Bitcoin SV which is struggling with 0.15% losses.
ETH and WAVES Leading the top 20
Ethereum and WAVES are the most significant gainers in the top 20, with gains of 17.6% and 13.15% respectively. At press time, ETH trades at $133 with a market cap of $13,831,466,077, less than 2 billion of second-placed XRP’s. Waves has been performing significantly well following a successful $120M funding round last week. The token currently has a press time value of $4.03 with a market cap of $402,904,117.
The total market cap is $136.7 billion | Bitcoin’s market cap is $71.5 billion | BTC dominance is at 52.1%
Did the Federal Reserve’s Interest Rate Hike Boost the Price of Bitcoin? The crypto markets seem to correlate with the movement with the stock market.Major Crypto Headlines
The launch of Bakkt Bitcoin Futures Market May Get Postponed Again. Bakkt, which has been scheduled, for the second time, to go live on Jan 24, 2019, may see another postponement.
Pump-and-Dump Groups Become ‘Widespread’ as Market Remains Largely Unregulated. A group of researchers has claimed that pump and dump operations in the crypto market have skyrocketed due to inadequate regulations.
Most Significant Winners and Losers
ODEM (+86.19%)
ODEM (ODE), an ethereum-based utility token that facilitates payment for courses in tertiary institutions, emerged as the most significant gainers in the last trading session. At press time, ODE trades at $0.289 with a daily volume of $1,932,104 and a market cap of $63,124,578. While there is currently no major news that may have spiked ODE’s price in the last 24 hours, the project is leading the way regarding blockchain digital document verification for education.
NKN (+49.96%)
With a 49.96% increase against the US dollar, NKN (NKN) claimed the position of the second most significant gainer in the last 24 hours. NKN has been performing quite well over the last few weeks and the project recently announced the addition of Dr. Stephen Wolfram, founder and CEO of Wolfram Research, as one of NKN’s technical advisors. NKN has a press time value of $0.03 with a daily trading volume of $541,708 and a market cap of $6,706,565.
TrueDeck (-43.8%)
Christmas isn’t coming well for TrueDeck’s investors as the project token (TDP) is recording significant losses. TrueDeck, a supposed blockchain platform for the online casino industry, is down by 50% over the last 24 hours. The token which traded as high as $0.95 on Dec 20 is struggling with a current price of $0.132 and a market cap of $1,326,193, meaning it has lost more than 85% of its value in less than three days.
