weekly crypto market reports 11-12-2023

Weekly Crypto Market Reports: December 11, 2023

In the crypto market report prepared by the ICRYPEX Research team and covering the week of December 4 – 11, we have compiled the latest developments on crypto assets, price movements of crypto assets and macroeconomics.

You can take a look at the general flow of this report just below, and you can find all the developments that took place in the 7-day period in the Weekly Crypto Market Reports: December 11, 2023.

December 11th Weekly Crypto Market Report Overview

Although the selling pressure that started on Monday last week pushed the price back above the 43,000 level after the rally in macroeconomic data and risky assets, the decline that started in the last three days of the week caused the price to return to the $ 40,000 – 41,000 range.

In the same process, Ethereum returned to 2150 support after reaching the $ 2350 region. Bitcoin dominance was 53.1% and Ethereum dominance was 17.23%, with the total market capitalization ending the week at $ 1.51 trillion with a retreat of $ 8 billion.

While Bitcoin, which has continued its uptrend since early 2023, has experienced a 64% appreciation in the 2-month period from mid-October to today, we can accept it as normal for such strong rallies to make correction movements.

In this period when Bitcoin is in a correction, we see that altcoins are going through the process better. Although Ethereum lost more than 7% of its value, we see that other altcoins benefited from this process and increased their weight on the market by losing less value against the two largest coins.

The three crypto assets with the best performances for the week were WLD (62%), Storj (59.77%) and Injective (36.20%), while FTT, SNX and VIC were the three crypto assets that lost the most value.

For a more comprehensive look at the week from December 11 to 18, check out the Weekly Crypto Market Reports: December 11, 2023.

Risk Disclosure
Cryptocurrency assets have higher volatility compared to traditional financial instruments and involve various unique risks. There is no guarantee or commitment regarding the prices at which transactions will be executed. Therefore, before deciding to trade on ICRYPEX, you must fully understand, assess, and consider all potential risks you may encounter. The opinions, news, research, analyses, prices, or other information provided on ICRYPEX's official website, trading application, or social media platforms are general market commentary and do not constitute investment advice. ICRYPEX is not responsible for any losses incurred as a result of investments made based on such information.

US Approves Three Major Crypto Regulation Bills - XRP Reaches All-Time High
US Approves Three Major Cryptocurrency Regulation Bills The US House of Representatives voted to approve three major cryptocurrency bills during its July session: the Digital Asset Market Clarity (CLARITY) Act, the National Stablecoin Innovations Identification (GENIUS) Act, and the Anti-CBDC Oversight Act. The CLARITY and GENIUS bills received strong bipartisan support, while the Anti-CBDC bill passed...
What Is DODO Coin?
A Comprehensive Guide to the Decentralized Trading Protocol The decentralized finance (DeFi) landscape continues to evolve rapidly, with innovative protocols emerging to provide more efficient, secure, and user-friendly trading solutions. One such protocol is DODO, a decentralized exchange (DEX) that aims to solve some of the most critical challenges in automated market making and liquidity provision....
US House of Representatives Moves to Final Vote on Major Crypto Bills - US's Largest Banks Prepare to Issue Their Own Stablecoins
US House of Representatives Moves to Final Vote on Major Crypto Bills The US House of Representatives has passed a preliminary procedural vote to advance three major crypto legislation bills—the GENIUS, CLARITY, and Anti-CBDC bills—to a final vote. The move, which passed 217-212 late Wednesday night, revives previously rejected bills. The GENIUS Act aims to create a federal regulatory framework for...
What Is Pump.fun (PUMP) and How Does It Work?
Pump.fun is an emerging decentralized platform designed to simplify and democratize the process of launching and trading meme tokens on the Solana blockchain. It has quickly gained traction among crypto enthusiasts due to its novel approach to token creation, automatic pricing mechanics, and meme-centric culture. Unlike traditional launchpads or token creation tools, Pump.fun enables users to deploy...
What Is Cryptojacking?
As the adoption of cryptocurrencies continues to expand, so do the associated security threats. Among the growing list of cybercrimes, cryptojacking has emerged as a particularly stealthy and damaging tactic. Often unnoticed by victims, cryptojacking allows malicious actors to exploit computing resources for unauthorized cryptocurrency mining. In this article, we’ll examine what cryptojacking is, how...


Create an account

Now create an account where you can use your knowledge.