Posted 12/13/2023, 1:43:11 PM
Crypto Market Cap Retreats From Highs As Investors Take Profits
- Cryptocurrency market cap has declined 2% to $1.54 trillion over past 24 hours due to profit-taking after huge 2021 gains
- Bitcoin has retreated from its peak but is still up over 170% year-to-date; key support at $40.5K being protected
- Avalanche (AVAX) breaks into top 10 cryptos by market cap, surpassing Dogecoin after 100%+ monthly gains
- KuCoin exchange agrees to $22 million settlement over allegations it violated securities laws with token offerings
- El Salvador planning Bitcoin-backed volcano bonds for 2024 as just 2% of population are crypto investors so far