Top Crypto News of the Week: December
Introduction
The crypto industry was a mixed bag in the week of December 15-25, 2023. The overall market capitalization of cryptocurrencies fell by 5.4% to $2.1 trillion. However, there were some notable gains among individual cryptocurrencies.
Bitcoin
Bitcoin, the largest cryptocurrency by market capitalization, fell by 4.3% to $46,000. However, it still outperformed the broader crypto market.
Ethereum
Ethereum, the second-largest cryptocurrency by market capitalization, fell by 6.2% to $3,600.
Altcoins
A number of altcoins, or alternative cryptocurrencies, outperformed Bitcoin and Ethereum. These included:
- Solana: up 15.2% to $125
- Avalanche: up 14.8% to $100
- Terra: up 13.4% to $90
NFTs
The non-fungible token (NFT) market also had a mixed week. The overall market capitalization of NFTs fell by 10.2% to $20 billion. However, there were some notable gains among individual NFT collections.
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Bored Ape Yacht Club
The Bored Ape Yacht Club (BAYC) collection continued to be the most popular NFT collection. The floor price for a BAYC NFT rose by 10.2% to 100 ETH.
Cryptocurrencies in the News
In addition to the price movements of individual cryptocurrencies, there were a number of other news stories that made headlines in the crypto industry this week. These included:
- The US Securities and Exchange Commission (SEC) announced that it had filed a lawsuit against the cryptocurrency exchange Binance. The SEC alleges that Binance violated US securities laws by offering unregistered securities.
- The European Union (EU) agreed on a new set of regulations for cryptocurrencies. The regulations, known as the Markets in Crypto-Assets (MiCA) Regulation, are designed to protect investors and prevent money laundering.
- The Central Bank of Nigeria (CBN) announced that it would be launching a central bank digital currency (CBDC). The CBDC, called eNaira, is expected to be launched in 2024.
Conclusion
It was a mixed week for the crypto industry. The overall market capitalization fell, but there were some notable gains among individual cryptocurrencies. The NFT market also had a mixed week, with the overall market capitalization falling but individual collections rising.
To learn more about the latest crypto news, be sure to visit Crypto Current Express. We provide regular updates on the latest trends and developments in the crypto industry.
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