Market highlights December 27: Bitcoin breaks losing streak, Tesla leads as Wall Street bounces back

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The crypto marketplace is greenish arsenic a whole. The biggest gainers contiguous are Cardano, Polkadot, Uniswap, Theta, Aave, Monero, Zilliqa, and Voyager Token. US markets staged a humble comeback from fears implicit the Omicron variant of coronavirus past week, up of the Christmas period. Despite starting the week down, the SPX500 rose 3.59% implicit 4 days.

Oil dropped this morning, aft thousands of flights successful the US were canceled implicit Christmas amid rising COVID-19 cases. On Thursday, Tesla was the champion performing stock, up 5.76% portion ViacomCBS roseate 4.80% and Micron Technology gained 4.52%. 

Top cryptos

Bitcoin broke its losing streak successful the run-up to Christmas, breaking the $50,000 level for the archetypal clip since aboriginal December. The crypto fell dramatically astatine the opening of the period and had struggled to regain momentum, falling to adjacent $45,000. But successful the week preceding Christmas Bitcoin staged thing of a comeback, rising supra $50,000 connected Thursday for the archetypal clip since 12 December.

Ethereum likewise staged a rally up of Christmas, trading consistently backmost supra $4,000 for the archetypal clip since aboriginal December. In summation to Bitcoin and Ethereum, each apical 10 cryptos were seen successful the greenish this morning, including Polkadot, which registered gains of astir 9% implicit the past 24 hours. Uniswap is up 12.45% successful the past 24 hours. 

Top movers

Zilliqa, a public, permissionless blockchain that is designed to connection precocious throughput with the quality to implicit thousands of transactions per second, gained 14% today. Voyager Token is besides up 14%. Kadena is reversing losses, up 12% astatine the clip of writing.

The unrecorded THETA terms contiguous is $5.81. It is up 10.21% successful the past 24 hours. Helium, Monero, and Aave person each gained betwixt 10% and 11%.  

Trending

Scar Token was launched arsenic a decentralized meme coin to rise funds to assistance combat hunger astir the satellite by ‘donating taxation fees’. Despite the vague premise, it’s up 291% today.

Without a doubt, the different trending coin, New Year Token, is much interesting. It’s marketed arsenic one’s idiosyncratic usher to a celebratory and festive mood. The creators are offering ‘unique caller twelvemonth magic boxes’ containing a full of 10 antithetic NFTs. Every NFT comes with a unsocial collectible and a reward from a pool. New Year Token was up 319% astatine the clip of writing.   

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