The crypto market, known for its volatility and unpredictable swings, has once again taken center stage as Bitcoin grapples with challenges that have left its market price ensnared in the bearish claws.

변동성과 예측할 수 없는 변동으로 유명한 암호화폐 시장은 비트코인이 시장 가격을 약세의 발톱에 가두는 문제와 씨름하면서 다시 한 번 중심 무대에 올랐습니다.

As of now, the global crypto market cap is $1.65 trillion, a 1.13% increase over the last 24 hours and an 86.3% increase over a year ago. Bitcoin’s (BTC) market cap is at $817 billion, marking a 49.48% crypto market dominance. 

Meanwhile, the market cap of stablecoins is $130 billion, accounting for 7.89% of the total crypto market capitalization.

한편, 스테이블코인 시가총액은 1,300억 달러로 전체 암호화폐 시가총액의 7.89%를 차지한다.

Crypto remains in a market bull trap

The current week has been difficult for crypto Prices, as market participants appear to be taking a breather in a volatile market scenario. In addition, significant economic indicators such as the US Consumer Price Index (CPI) and Producer Price Index (PPI) are set to be released this week.

시장 참여자들이 불안정한 시장 시나리오에서 숨을 쉬고 있는 것처럼 보이기 때문에 이번주는 암호화폐 가격에 어려운 시기였습니다. 아울러 미국 소비자물가지수(CPI), 생산자물가지수(PPI) 등 주요 경제지표도 이번 주 발표될 예정이다.

 According to analysts, investors are looking forward to the vital inflation report since it could shed light on the Federal Reserve’s future rate hike intentions.

Digital asset investors worry that the market is stuck in a bull trap. True to that, the crypto market is trading in the red today. As of the time of writing, the value of Bitcoin stands at $41,828.12, accompanied by a 24-hour trading volume of $32,187,508,785.16. 

This indicates that the price has decreased by -0.53% over the last 24 hours and increased by 0.43% over the past week. The Bitcoin Fear and Greed Index is now 67, down from 74 last week.

이는 지난 24시간 동안 가격이 -0.53% 하락했고, 지난 한 주 동안 0.43% 상승했음을 의미합니다. 비트코인 공포 탐욕 지수는 지난주 74에서 현재 67로 하락했습니다.

The second largest coin, Ethereum, has also taken a hit. Today’s Ethereum (ETH) price is $2,234.85, with a 24-hour trading volume of $17,487,527,942.74. This indicates a -0.18% decrease in the last 24 hours and a 0.26% gain in the last seven days. 

Crypto market performance today

오늘의 암호화폐 시장 성과

The overall digital asset market performance has been adversely affected by the recent selloff in digital assets, which is evident in the decline in the prices of major crypto coins. Dogecoin (DOGE) is under heavy selling pressure. 

Dogecoin is currently trading at $0.096748 with a 24-hour trading volume of $1,640,325,351.00 as of press time. This indicates a 0.23 % decrease in the last 24 hours and a 9.54% gain in the last seven days.

Dogecoin은 보도 시간 현재 $0.096748에 거래되고 있으며 24시간 거래량은 $1,640,325,351.00입니다. 이는 지난 24시간 동안 0.23% 감소했고 지난 7일 동안 9.54% 증가했음을 나타냅니다.

Following this recent breakout, Dogecoin’s price is now vulnerable to further losses, with support at $0.0900 at risk of being lost. The next critical support level is at $0.0840, and a breach may result in an 11.5% drop in the coin.

Dogecoin creator Billy Markus, better known on Twitter as Shibetoshi Nakamoto, responded to gloomy comments in the early hours of Monday. Markus posted on Twitter, “oh no crypto died everything is dead blah blah blah.” The community embraced the joke well, including applause from Elon Musk, the owner of X and popularly known as the “DOGEfather.”

트위터에서 Shibetoshi Nakamoto로 더 잘 알려진 Dogecoin 창시자 Billy Markus는 월요일 이른 시간에 우울한 댓글에 응답했습니다. Markus는 트위터에 "아 안돼 암호화폐가 죽었어 모든 것이 죽었어 어쩌구 저쩌구"라고 게시했습니다. 커뮤니티는 X의 소유자이자 "DOGEfather"로 널리 알려진 Elon Musk의 박수를 포함하여 농담을 잘 받아들였습니다.

Some crypto coins have weathered the storm

Following a significant price drop to $66 earlier on Monday, December 12, the Solana (SOL) Price has swiftly recovered by 10%, currently trading at $71. The recent surge in Solana has been fueled by intense DeFi activity within the Solana ecosystem. Solana’s price has increased roughly fivefold in the last two months.

12월 12일 월요일에 가격이 66달러로 대폭 하락한 후, 솔라나(SOL) 가격은 빠르게 10% 회복되어 현재 71달러에 거래되고 있습니다. 최근 솔라나의 급등은 솔라나 생태계 내에서의 활발한 DeFi 활동에 힘입은 것입니다. 솔라나의 가격은 지난 두 달 동안 약 5배나 올랐습니다.

Solana is trading at $71.49 today, with a 24-hour trading volume of $2,993,415,098.39. This is a 4.43% increase in the last 24 hours and a 19.77% gain in the last 7 days.

DeFiLlama claims a significant growth in the number of stablecoins on the Solana blockchain in the last week, with an 8% increase to $1.676 billion. USDC, the second-largest stablecoin on the chain, increased by 20%, hitting $735 million. However, the USDT supply remained basically unaltered.

DeFiLlama는 지난 주 솔라나 블록체인의 스테이블 코인 수가 8% 증가한 16억 7,600만 달러로 크게 증가했다고 주장합니다. 체인에서 두 번째로 큰 스테이블 코인인 USDC는 20% 증가하여 7억 3,500만 달러를 기록했습니다. 그러나 USDT 공급은 기본적으로 변경되지 않았습니다.

AVAX, Avalanche’s native cryptocurrency, has increased by 20% in the last 24 hours, reaching $42 and unseating Dogecoin as the ninth-largest crypto by market cap. With this move, Avalanche has increased its weekly gains to 85%, the highest among the top ten crypto coins.

Avalanche is trading at $40.75 today, with a 24-hour trading volume of $3,101,978,404.46. This is a 17.25% gain in the last 24 hours and an 83.66% increase in the last 7 days. 

Avalanche는 오늘 $40.75에 거래되고 있으며, 24시간 거래량은 $3,101,978,404.46입니다. 이는 지난 24시간 동안 17.25%, 지난 7일 동안 83.66% 증가한 수치입니다.