Market Overview: Bitcoin Dominance Drops to 55.00% as Aave Emerges as the Day's Top Gainer

The total cryptocurrency market cap is currently $3.62T after a 3.42% increase on the day. Bitcoin is trading at $100,664 after seeing a 3.26% gain in the last 24 hours.

The total cryptocurrency market cap is currently $3.62T after seeing a 3.42% increase in the last 24 hours. The total crypto trading volume increased by 3.42% in the same time frame.

Bitcoin is trading at $100,664 after seeing a 3.26% gain in the last 24 hours. The Bitcoin dominance fell by -0.33% and BTC currently represents 55.00% of the cryptocurrency market.

At press time, Bitcoin has a market capitalization of $1.99T after gaining 3.26% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by December 12, 2024. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.

Bitcoin price drops to $100K as FTX completes BlockFi acquisition

The price of Bitcoin (CRYPTO: BTC) dropped on Monday evening as FTX announced that it had completed its acquisition of BlockFi.

What Happened: FTX announced Monday evening that it had completed its previously announced acquisition of BlockFi. The terms of the deal were not disclosed.

The acquisition comes after BlockFi was hit hard by the collapse of FTX earlier this year. BlockFi had to halt withdrawals and was on the verge of filing for bankruptcy before FTX stepped in to save the company.

Now that the acquisition is complete, FTX will be able to integrate BlockFi’s services into its own platform. This will include BlockFi’s crypto lending, trading and custody services.

FTX said the acquisition will help it become a “full-service financial powerhouse.” The company said it will offer “unparalleled” services to customers in the digital asset space.

The acquisition is also expected to help FTX expand its reach into the U.S. market. BlockFi is licensed to operate in 34 states, while FTX is only licensed in 27 states.

Related Link: FTX Completes BlockFi Acquisition, Launches New Services Platform

Why It Matters: The acquisition of BlockFi is a major development for FTX, which is quickly becoming one of the largest and most powerful players in the digital asset space.

The integration of BlockFi’s services will give FTX a wider range of products and services to offer its customers. This will help FTX compete with other exchanges, such as Binance and Coinbase (NASDAQ:COIN).

Expanding into the U.S. market is also a key goal for FTX, which is headquartered in the Bahamas. The acquisition of BlockFi will give FTX a strong presence in the U.S., which is the world’s largest market for cryptocurrencies.

BTC Price Action: BTC trades about 73% lower Monday evening. The cryptocurrency trades in the green, showing a gain of 3.26% over the past 24 hours. BTC priceをめぐる注目ポイントを余すところなくお届けします。市場の動向を把握し、明日の売買戦略に役立てましょう。

Cryptocurrency market overview for December 12, 2023: bears dominate the market todayThe bears dominated the market today as 61% of coins lost value in the last 24 hours.

Today’s Top Gainers are Aave, Sui Crypto, and Sushi

Thanks to a 32.66% price increase, Aave was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Sui Crypto came in second place, with 24-hour gains of 30.21%.

Sushi, Chainlink and io.net complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Zeebu, USDD, and XinFin Network

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Zeebu, which saw a loss of -2.64%.

USDD also didn't perform well, as its price declined by -0.02% in the last 24 hours.

XinFin Network, Tether Gold and Fasttoken round out today's top 5 worst performers.

Sui Crypto reached new All-Time High after gaining +51.69% in the last month, 3 other cryptocurrencies reached a new ATH in the last 24 hours

The following coins in the cryptocurrency top 200 hit new all-time high prices today:

Today 4 cryptocurrencies reached a new ATH. Amongst the top gainers was Sui Crypto that reached a new ATH after gaining +30.21% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are BGB, EIGEN and CHEX.

Congratulations to the HOD