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The crypto prices today have continued their run towards the southward direction, as the investors seem to be seeking more clarity on the market’s future. Notably, the market has witnessed robust gains over the last few weeks, sending many of the major cryptos like Bitcoin, Ethereum, and others, to their yearly highs.
However, following the bull run, the recent market scenario suggests that the market is taking a break. In addition, the recent U.S. Consumer Price Index (CPI) data also showed that inflation has cooled, reflecting what the market was expecting.
According to the latest CPI data, U.S. inflation has slowed to 3.1% in November, suggesting that the Fed’s aggressive rate hike policy has been effective in bringing down the red-hot inflation. Now, investors eagerly await the U.S. Producer Price Index (PPI) data for more cues on the current health of the economy.
Talking about the crypto prices, the Bitcoin price was down 1.89% as of writing on December 13 and traded at $40,834.99. The trading volume of the largest crypto by market cap lost 25.55% over the last 24 hours to $25.35 billion. However, despite the slump, market experts suggest that some institutional investors might take the declining scenario as a buy-the-dip opportunity.
Meanwhile, the Ethereum price slipped 2.89% to $2,164.06, and its trading volume from yesterday fell 17% to $12.09 billion. In addition, the BNB price slipped 2.62% to $246.52, with its volume falling 2.32% to $1.41 billion, reflecting the broader market sentiment.
Among other top crypto prices, the XRP price slipped 2.61% to $0.6064, while the Solana price noted a slump of 7.14% to $65.63 during writing. Concurrently, the Cardano price traded near the flatline at $0.559, with its trading volume soaring 13.5% to $1.25 billion.
The sentiment in the meme coins section was also gloomy, as evidenced by the performance of the top cryptos from the segment. Notably, the Dogecoin price dipped 4.64% to $0.09134 on Wednesday, while the Shiba Inu price plummeted 3.12% to $0.000009319 as of writing.
The losses in the major crypto prices suggest that the selloff in the digital asset space continues amid hovering uncertainties. Notably, the global crypto market cap lost 2.79% over the last 24 hours and stayed at $1.53 trillion, and its trading volume fell 14.42% to $70.9 billion. The fear and greed index in the crypto market stood at 73, suggesting a greed sentiment in the market.
Also Read: Binance Coin Could Surprise With 20% Upside, BNB Chain Shows Strength
The Top Cryptos For Today Are
Pepe Coin Plummets 7%
The popular meme coin, Pepe Coin, has continued its downturn run, as the investors have shifted their focus from the risk-bet assets and stayed on the sideline for further market cues. Meanwhile, as of writing, the Pepe Coin price noted a slump of 6.95% and traded at $0.000001329, while its one-day volume fell 8.41% to $129.23 million, reflecting the bearish sentiment in the market.
Fetch.ai (FET) Adds 17%
The Fetch.ai (FET) crypto was among the top percentage gainers in the crypto market on Wednesday, December 13. The Fetch.ai price noted gains of 16.73% to trade at $0.5884 on Wednesday, and its trading volume rocketed 177% from yesterday to $290.50 million, defying the current downturn trend in the broader market.
Osmosis (OSMO) Soars 14%
The Osmosis price was up 14.05% as of writing to $1.05 on December 13, suggesting a growing interest of the market participants towards the crypto. Simultaneously, the trading volume of the crypto soared 193.31% to $100.05 million over the last 24 hours. Notably, the crypto has added over 64% over the last 30 days.
Also Read: Crypto Market Volatility to Continue As US CPI and Inflation Jumps
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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