Bitcoin, the top cryptocurrency, failed to hold above the support level of €16, which has now turned into major resistance. While Ethereum, the second most valuable cryptocurrency, also breached an important support level of €900, extended by an ascending channel.
Given this, BTC and ETH are likely to trade on the bearish side.
Major cryptocurrencies traded unevenly early on December 8, with the global crypto market capitalization falling 1,87% the day before to $839 billion. In the last 720 hours, the total volume of the crypto market increased by 24% to $2,40 billion.
Let's take a look at the top 24-hour altcoin gainers and losers.
Major Altcoin Winners and Losers
Nexo (NEXO), EOS (EOS) and Synthetix (SNX) are three of the top 100 coins that have increased in value in the last 24 hours. NEXO price rose almost 3,50% to €0,6675; EOS price rose more than 2% to €0.9795; The SNX price rose almost 2,6%.