The global cryptocurrency market

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Holladayo

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The global cryptocurrency market got back on track on Thursday, December 16 as fears regarding Omicron variant of COVID-19 subsided and investors felt safer to invest in these digital tokens. Bitcoin and Ether prices also rose over the day. One unit of Bitcoin, the world’s largest cryptocurrency by market price, rose to $49,357.09. This was up by 2.40 per cent over the last 24 hours and 0.22 per cent over the last seven days, according to global crypto tracking website CoinMarketCap. “Bitcoin’s dominance is currently 40.88 per cent, a decrease of 0.65 per cent over the day," mentioned the platform in a note on its website.

Ether, the world’s largest altcoin, also rose over the day. One coin of Ether or Ethereum was priced at $4,046.68 at the time of writing this article, data showed. This was up by 4.99 per cent over the last 24 hours but down by 5.76 per cent over the last seven days.
 

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