Today in Markets

Holiday Crypto Cooldown

As everyone relaxes these holidays, prices are chilling too!
Jack Inabinet Jack Inabinet Dec 30, 20231 min read
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market analysis Holiday Crypto Cooldown

Cooling off! Broader crypto markets stagnated this holiday week, with the total crypto market cap (TOTAL) declining 3.5%. The wind got sucked out of Solana’s sails, with SOL tumbling 17% off its Monday high and many hot memecoins falling too.

Solana’s largest memecoin by market cap, BONK, which has been down only since its Coinbase debut on December 14th, slid a further 20% this week, and anyone who aped the Crypto Twitter influencer favorite ANALOS last weekend has now found themselves down 80%!

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Jack Inabinet

Written by Jack Inabinet

207 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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