Bitcoin Price and Ethereum Prediction; Hot US NFP Backs the Fed’s Call for Higher Rates
On December 3, Bitcoin, the leading cryptocurrency, struggled to break above the $17,250 level, and it is now heading lower to $16,900. Similarly, Ethereum, the second-most valuable cryptocurrency, has fallen after being rejected at $1,300 and is now consolidating near $1,275.
On December 3, major cryptocurrencies were mostly trading in the green, with the global crypto market cap up 0.92% to $859.91 billion over the previous day. Over the last 24 hours, overall crypto market volume fell over 12% to $89.31 billion. The entire cryptocurrency market volume in the last 24 hours is $38.08 billion, a 10% fall.
The overall volume in DeFi is currently $2.84 billion, accounting for 7.5% of the entire 24-hour volume in the crypto market. The overall volume of all stablecoins is now $35.45 billion, accounting for 93% of the total 24-hour volume of the crypto market.
Let's take a look at the top 24-hour altcoin gainers and losers.
Three of the top 100 coins that have gained value in the last 24 hours are Aptos (APT), Quant (QNT), and UNUS SED LEO (LEO). The price of APT has increased by more than 8% to $4, the price of QNT has increased by more than 7.5% to $130, and the price of LEO has increased by nearly 5%.
Loopring (LRC), EthereumPoW (ETHW), and Terra Classic (LUNC) are three of the top 100 coins that have lost value in the last 24 hours. Whereas LRC has lost about 3% to trade at $0.2535, ETHW is down nearly 3.5% to trade at $3.85. At the same time, the LUNC price is down over 4% to trade at $0.00017.
Wage growth and job creation have been strong indicators that the Federal Reserve has to do more to bring inflation under control. The market was undoubtedly shaken up by this. However, market players will remain skeptical regarding
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