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Weekly Crypto Market Insights – 12th December

Weekly Crypto Markets Insights
3 minutes
We're back with the weekly crypto market insights! Check out this article to keep up to date with the latest news!
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Some of the most notable news from last week were Gnosis chain moves to proof-of-stake with 100,000 validators; crypto exchanges’ proof-of-reserves auditor’s trustworthiness is being scrutinized; Amber Group lays off 40% of employees; SBF to testify on Dec 13th; and Ethereum’s Shanghai upgrade planned for March 2023.

As the new week begins, we can expect updates related to the Fed’s interest rate decision, Neon Labs mainnet launch that will allow Ethereum applications to build on Solana, Uniswap fee switch, and more.

Bitcoin is trading at $16,937, down by -1.59%, and ETH is down by -3.48% WoW, trading at $1,246. 

Key Market Metrics

Global Crypto Market Cap decreased by -1.22% WoW, valued now at $886 Billion. The total value locked in DeFi is at $41.92 Billion, a decrease of -1.66% WoW.

Crypto exchanges leaderboard by 7 Day trading volume:

  1. Binance down by -14.96%
  2. Coinbase down by -20.20%
  3. Kraken down by -34.51%
  4. KuCoin down by -36.96%
  5. Bitstamp down by -28.78%

BTC dominance at 40.88%, up by +0.49% WoW, ETH dominance at 19.14%, down by -0.07%.

Top Gainers & Losers

Top gainers and losers in price, ranked by their total market cap, are mentioned below.

Top gainers in price this week were: STX by +22.25%, TWT by +10.36%, TON by +8.89%, AXS by +7.65%, and EOS by +4.98%.

Top losers were: CELO by -18.73%, CHZ by -18.66%, IMX by -17.83%, FLOW by -16.43%, and APT by -16.07%.

Recap of the Most Noteworthy News of the Past Week

We hope you found these weekly crypto market insights helpful in preparing for the week ahead.
Weekly crypto market insights gravity team

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