Top Crypto Losers Today: Solana, XRP, and Dogecoin Trade In Red, Bitcoin & Ethereum Fall Over 1%

Cryptocurrency prices today traded in the red zone as the global crypto market cap was down 1.81% at $841.11 Billion. The total crypto market volume over the last 24 hours is $30.35B, which makes a 26.98% increase.

Meanwhile, the price of major cryptocurrencies, including Bitcoin and Ethereum, slumped 1.36% and 2.07% at USD$16,940.30 and USD$1,246.86, respectively.

Stacks (STX), the top crypto gainer on December 9, remained the top gainer today also; at the time of writing, it was up 7.83% at $0.3063. Other cryptocurrencies which traded in the green territory included Trust Wallet Token (TWT), ApeCoin (APE), and Toncoin (TON).

Top Crypto losers today (December 12):

Solana:

Today, Solana price was down 4.68% at USD$12.99 with a 24-hour trading volume of USD$162,457,137. Solana has a current market capitalization of USD$ 4,761,325,961, and its current CoinMarketCap ranking of Solana is 16.

STEPN:

STEPN was spotted trading 0.42% lower today at USD$0.401218 with a 24-hour trading volume of USD$54,790,988. As per data by Coinmarketcap, the current ranking of STEPN is 110, with a live market cap of USD$240,730,522. The altcoin has a maximum supply of 6,000,000,000 GMT coins.

Dogecoin:

Today, the Dogecoin price fell as high as 9.57% to trade at USD$0.087669 with a 24-hour trading volume of USD$569,703,934. With a live market cap of USD$11,631,053,686, Dogecoin stands at the eighth position as per CoinMarketCap data.

Nevertheless, the losses in the broader market were led by other cryptocurrencies as well. Among other cryptocurrencies, two other popular altcoins, Ripple (XRP) and Cardano (ADA), were down by 3.30% and 3.39% at USD$0.374880 and USD$0.302819, respectively.

Investors’ in a wait-and-watch situation:

It is believed that investors have become more cautious and are in a wait-and-watch situation in anticipation of this week’s newsworthy events. This can be said as Bitcoin’s price is showing no sign of life. The US Congress is expected to hold its first hearing into the FTX collapse on Tuesday (December 13), with the Senate Banking Committee following suit the next day.
Meanwhile, investors are keenly watching the outcome of the Federal Open Market Committee meeting that is scheduled for December 14. Markets are also waiting for the Consumer Price Index (CPI) data for November, which will be out on Tuesday, and Federal Reserve (Fed) meeting slated to be held on Wednesday.