Bitcoin was unable to maintain stability above the $ 40,000 mark and the cryptocurrency fell into decline. The falling of BTC dragged many Altcoins down.
According to a chart of developments from CoinDesk, over the past 24 hours, Bitcoin's price after moving to reach $ 40,945 has turned in decline. The bulls then tried to defend the $ 40,000 level again but failed, causing the price to slide down to the $ 36,000 zone.
At the time of writing, Bitcoin price trading at $ 36,448, down 9,73% from the past 24 hours.
The top 10 in the past few hours is not quite as good as the red color is almost covered with a decrease of mainly over 10%.
Total crypto market cap today recorded at 9:30 am at $ 993,43 billion, down $ 112 billion from the past 24 hours.
The market's 24-hour trading volume increased to 181,46 billion USD, 36 billion USD higher than on July 10.
The December trading volume of Bitcoin futures and options has surpassed its all-time high
As data from The Block notes, December trading volume of BTC futures and BTC options has reached an all-time high, surpassing November's previous record numbers.
Specifically, Bitcoin futures trading volume reached $ 1,06 trillion in December, a 12 percent increase from November. Binance has the highest futures trading volume for bitcoin at 27,9%, followed by Huobi (22,8%) and OKEx (15,4%).
Bitcoin option volume increased 18,9% from November to December. Deribit accounted for 11%, bit.com had 12%, and OKEx retained 82,1% of the total volume of bitcoin options. worth 7,88 billion USD.
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