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Potential Cryptocurrency Surge: SpongeBob, Immutable X, Solana, and More on Saturday, 9 December

Potential Cryptocurrency Surge: SpongeBob, Immutable X, Solana, and More on Saturday, 9 December

The Global Crypto Market Cap Sees a Noteworthy Increase

The global crypto market cap has seen a significant rise, reaching $1.65 trillion, indicating a 2.09% increase in the last day. This demonstrates the continued interest and investment flowing into the digital asset space.

A Decline in Crypto Market Volume

Although the overall market cap has increased, the 24-hour crypto market volume has experienced a moderate decrease of 11.74%. The volume during this period was reported at $65.53 billion, suggesting a temporary decline in trading activities within the crypto market.

DeFi and Stablecoins Remain Strong

Decentralized finance (DeFi) has proven to be a resilient sector, accounting for $8.45 billion within the total 24-hour crypto market volume. Stablecoins have also emerged as a dominant force, constituting 88.28% of the total crypto market 24-hour volume. This highlights the growing preference for stability and reliability among traders.

Robinhood Launches Crypto Trading in the EU

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Potential Cryptocurrency Surge: SpongeBob, Immutable X, Solana, and More on Saturday, 9 December