Major cryptocurrency Bitcoin gave up most of its gains on Dec. 6, after shedding nearly 2% to trade at the €16 level. Most selling trends in the crypto market could be associated with a stronger US dollar. Interest rate speculation increased on Monday after a US services index indicated the economy was holding steady.
Following news of an unexpected rise in the Institute for Supply Management's services gauge in November, the Bloomberg Dollar Spot Index rose 0,8%, ending a four-day losing streak.
Ethereum, the second most valuable cryptocurrency, lost ground and slid below the €1,300 psychological trading levels.
Major cryptocurrencies were trading in the green as of early December 6, despite the global crypto market capitalization falling 0,86% to $856 billion the day before. In the last 360 hours, the total volume of the crypto market increased by 24% to $26,48 billion.
Total DeFi volume is currently $2840 billion, representing 7% of the total 24-hour crypto market volume. Total volume across all stablecoins is now $36.630 billion, representing 91,10% of the total 24-hour volume of the crypto market.
Let's take a look at the top 24-hour altcoin gainers and losers.
Major Altcoin Winners and Losers
Axie Infinity (AXS), Synthetix (SNX) and Stacks (STX) are three of the top 100 coins that have increased in value in the last 24 hours. AXS price rose nearly 22% to $8,75; SNX price rose more than 7% to €1.96; LTC price rose almost 3,5%.