Monad, Canton, Conflux, Zcash Prices Jump as Crypto Volume Drops on Christmas Day
The crypto market remained under pressure on Christmas Day as volume in the spot and futures markets dived. Bitcoin was stuck in a tight range, while top altcoins like Monad (MON), Canton (CC), Conflux (CFX), and Zcash (ZEC) were the top gainers.
Monad price jumped by 30% to $0.02300, with its 24-hour volume soaring to over $203 million. Meanwhile, Canton jumped by 17%, while Conflux and Zcash jumped by over 10%.
Third-party data shows that volume in the crypto market dropped by over 32% to $68 billion, the lowest level in months. Similarly, according to CoinGlass, the futures open interest dropped by 83 basis points to…
