Although Bitcoin has been seeing volatility lately, many coins are seeing impressive gains, with XV, PEPED, and PIDOGE emerging as the top crypto gainers today on DEXTools with data showing impressive gains. This fluctuation comes as crypto investors take profits and rebalance portfolios.
The total cryptocurrency market capitalization briefly surpassed $1.45 trillion during the latest rally but has since retreated to around $1.4 trillion as of writing.
Analysts say sideways trading is likely in the short-term absent any significant developments. Some remain hopeful for a potential Santa Claus rally to close out the year, however.
The departure of Changpeng Zhao as Binance CEO initially dragged down crypto prices, but stability returned after it was reported US authorities currently have no plans for further regulatory actions against the exchange.
The situation highlighted the importance of settlements between law enforcement and digital asset providers.
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