The major cryptocurrencies today, December 17, are in the red, with Ether down 6% and Cardano leading the pack of losers. In early trade major cryptocurrencies experienced negative trading as the market cap of all cryptocurrencies fell by 6.11 percent, to USD 797.45 billion, from the previous day. USD 47.36 billion has been traded on the crypto market in the last day, an increase of 38.50 percent.

The total volume in DeFi is at present USD 2.67 billion, which is 5.63 percent of the total crypto market 24-hour volume. The volume of all stablecoins is now USD 43.54 billion, which is 91.92 percent of the total crypto market 24-hour volume.

According to CoinMarketCap, the cost of Bitcoin, the most popular cryptocurrency in the world, was hovering around Rs 14.65 lakh. Its market share is currently 40.17 percent, up 0.74 percent from the previous day.

In other news, exchange-tradedhange traded funds (ETFs) for bitcoin and ether futures in Hong Kong completed their first trading day higher on Friday, demonstrating investors' enthusiasm despite the collapse of the overall cryptocurrency market.

The CSOP Ether Futures ETF ended 0.4 percent higher at HKUSD 7.805, while the CSOP Bitcoin Futures ETF closed up 0.5 percent at HKUSD 7.81 a unit.

Both exchange-tradedhange traded funds had opened flat  in comparison to their expected net asset values. The bitcoin futures ETF had the most trading activity out of the two, with a total of 937,200 units changing hands for HKUSD 7.3 million.

Cryptocurrencies: Bitcoin, ether, solana rise today, check here

India's growth likely to slow in 2023-24: JP Morgan report

European Central Bank raises interest rates by 50 bps