The cryptocurrency market appears to have lost its Christmas cheer. Major tokens — including Bitcoin, Ethereum, and XRP — ended lower than their previous close on Friday. The slump in prices comes amid increasing volatility in the market.

However, this could change as optimism grows that the US Securities and Exchange Commission (SEC) would give its blessing to a spot Bitcoin exchange-traded fund (ETF) before Jan 10, 2024. The dip in the crypto market can be partially attributed to the inactivity of whales and investors, who might have taken a week off for the holidays.

All major cryptocurrencies were swimming in the red on Saturday, with the OG token Bitcoin price sliding by 1.6% to $42,030 per bitcoin. Interestingly, the 24-hour trading volume was up by 0.7% at $23.7 billion. Notably, Bitcoin has appreciated 10% in the last 30 days and is up 153% year-to-date.

Meanwhile, Ethereum price fell more than 2% to $2,300 levels. Its trading volume over the last 24 hours plummeted by more than 25% to $10.94 billion.

Other major tokens also recorded losses in the last 24 hours. While Tether price (USDT) fell 0.04% to $1, BNB price stood at $317.22 as of writing, down 1.31% in the last 24 hours. Solana (SOL), XRP, and Cardano (ADA) slipped by 0.84%, 1.46%, and 1.29% respectively. 

The dip in the prices of major tokens was reflected in the overall crypto market cap, which tumbled 1.37% in the last 24 hours to $1.65 trillion, with the 24-hour trading volume crashing more than 17% to $64.36 billion.

Here Are The Top Cryptos For Today

Pepe Coin Plummets 14.5%

At press time, Pepe Coin (PEPE) price stood at $0.0000000003078, with the token having depreciated by nearly 14.5% in the last 24 hours. However, the 24-hour trading volume was up 0.67% to $2,186. In the last seven days, the cryptocurrency has recorded marginal losses of nearly 0.27%.

 

Litecoin (LTC) Drops 5%

Litecoin (LTC) last changed hands at $73.22, down 5.2% in the last 24 hours. Its trading volume over the last 24 hours fell by nearly 24% to $460 million. Despite the recent market volatility, the altcoin has appreciated more than 4% in the last 30 days.

ORDI Rallies Nearly 7%

Defying the recent market pullback, ORDI Price was up nearly 6% in the last 24 hours, with the token trading at %78.12 at press time. The 24-hour trading volume surged by a whopping 79% to $955.83 million. In the last seven days alone, the ORDI token has appreciated to the tune of 58%, potentially due to the recent Bitcoin bull run.

Also Read: Will Bitcoin Propel ETF Trading Beyond $38 Trillion in 2024?