• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: DCG And Genesis Close Initial Agreement With Creditors
Picture of a skydiver freefalling out of a plane
Advertisement

December Kicks Off With Double-Digit Drop Across Crypto Cap Indexes

Best Owie by Best Owie
1 year ago
in Bitcoin
0
Advertisement

The crypto dump has affected the majority of the digital assets in the space and the indexes have felt the heat of this crash. Prices were down all across the board last week when the market turned red with Bitcoin losing over $10K off its value. The crypto cap indexes have suffered losses that go into the double-digit percentile, marking a red week for the market.

Although sentiments are picking back up across the market, cryptocurrencies are still struggling to regain their lost value. November came and went with a bullish streak but December has kicked off with a mean streak.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Related Reading | Why Celsius CEO Believes Bitcoin Doesn’t Work As A Form Of Payment

Crypto Cap Indexes Nosedive

Only one week into December, the crypto cap indexes are already feeling the heat of what is turning out to be a bearish month for the space. All indexes suffered multi-digit crashes as investors sold off their holdings. From Small to Large Cap indexes, negative returns have been the order of the day for the first week of December.

In November, the Small Cap Index did quite well, as reported by Arcane Research. However, the indexes are beginning to shed all of the progress made in the previous month. Small Cap Index made the highest return in November but has done a complete 180 in December as it sees the most losses for the first week of the month. The Small Cap Index recorded an 18% MTD return, proving once more to be the most volatile of all the crypto indexes.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Chart showing crypto cap indexes decline

Crypto caps indexes record double-digit losses | Source: Arcane Research

The Large Cap Index fared better compared to the rest of the indexes but still recorded double-digit losses for the week. Its 13% loss was mitigated by Ethereum which has maintained momentum despite the broader market suffering dips. The ETHBTC is now trading at a three-year high and Ethereum has clinched more market share, climbing 1.46% for the week.

Mid Cap and Bitcoin Indexes both returned losses for the same time period. Bitcoin’s performance remained in line with the market. However, the index returned a 15% loss for the week, an identical percentage to that of the Mid Cap Index.

Bitcoin price chart from TradingView.com

BTC drops below $50K | Source: BTCUSD on TradingView.com

Liquidation Frenzy Marks Bitcoin Decline

In the last week, the crypto market has seen some intense liquidations. The worse hit had been bitcoin which shot down about 10% amid a liquidation frenzy. The weekend price dips saw a lot of future positions due to low liquidity and high selling pressure in the spot market. After the first round of liquidations was carried out, it triggered a domino effect that caused even more liquidations to follow.

Related Reading | Crypto Analyst Says Bitcoin Could See A Parabolic Rally

This drove the price down below $42,000, representing about a $10K loss in value in the same time period. The market has since begun to recover since then but some of the effects of the liquidations continue to linger as bitcoin struggles to find its footing above $50,000 once more.

Featured image from Towards Data Science, charts from Arcane Research and TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Best Owie

Best Owie

Related Posts

Bitcoin BTC BTCUSDT

Will Bitcoin See A Valentine’s Day Massacre Or Can Bulls Get Back To $24,000?

9 mins ago
Bitcoin

Bitcoin Long-Term Holders Are Still Selling At Loss: Glassnode

6 hours ago
Bitcoin BTC

Will Bitcoin And Ethereum Crash? DCG Sells Grayscale Trust Shares

8 hours ago
Bitcoin

Top Crypto Miner At Record Bitcoin Production, Bear Market Over?

20 hours ago
Bitcoin price

This Will Be Important For Bitcoin And Crypto This Week

1 day ago
New record: 49% of Bitcoin Supply Has Not Changed Hands in 2 Years

New Record: Half Of Bitcoin Supply Hasn’t Changed Hands In 2 Years

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • ALTCOIN DAILY TO PRODUCE AND STAR IN NEW “SHARK TANK OF...

    5 hours ago
  • SinVerse Studios Announces $1 Million Buyback Program for...

    5 hours ago
  • Join the Revolution: Invest in STARSTAKING for 25% APY and...

    5 hours ago
  • The Crypto Bull Market Trend Has Started! What Does This...

    6 hours ago
  • Orbeon Protocol (ORBN) Grows 1625% During the Presale...

    6 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.