Canton Soars 21%, DoubleZero Dips 8%: The 24-Hour Crypto Rollercoaster
Crypto markets never sleep—and today's session proved it again with a classic split-screen drama.
The Winners' Circle
Canton's rocket ride stole the show. A blistering 21% surge in just 24 hours has traders scrambling and chart watchers pointing to breakout patterns. It's the kind of move that turns cautious portfolios into celebratory Telegram groups overnight.
The Pressure Zone
Not every chart paints a pretty picture. DoubleZero felt the heat, shedding 8% as sellers took control. The dip highlights the market's unforgiving nature—where one project's rally can be another's capital drain, a zero-sum game dressed in digital asset clothing. It's the financial sector's version of musical chairs, just with more jargon and less actual music.
This daily tug-of-war between greed and fear isn't just noise—it's the market's heartbeat. While traditional finance debates quarterly reports, crypto writes its narrative by the hour, proving once again that in the digital age, patience isn't just a virtue; it's a deprecated strategy.
Major Crypto Events Today
Source: Forex Factory
24 Hour Crypto Market Update
Bitcoin (BTC) is trading at $90420, up 0.03% in the last 24 hours, with a trading volume of $56 billion and a market cap of $1.80 trillion.
Ethereum (ETH) is priced at $3121.73, rising 1.86% in 24 hours with a trading volume of $24.8 billion and a market cap of $376.5 billion.
SkaInet (SKAI) is trading at $0.00006885 after a massive 644.96% surge in the last 24 hours, with $67.72K in trading volume.
Bitcoin (BTC) stands at $90,374.10, showing a slight 0.01% dip over 24 hours and recording $56.45B in volume.
Yooldo Esports (ESPORTS) is priced at $0.4102, up 3.94% in the past day with a strong $209.47M trading volume.
Ethereum (ETH) trades at $3,116.56, rising 1.67% over 24 hours and seeing $24.84B in volume.
Zcash (ZEC) is at $415.54, jumping 20.49% in a day with $1.31B in trading volume.
Canton (CC) is trading at $0.07591, posting a strong 20.99% gain, with a trading activity of $32.48 million, making it one of today’s top movers.
Zcash (ZEC) stands at $414.13, up 20.02%, supported by a heavy $1.31 billion trading activity that reflects strong market activity.
Dash (DASH) is priced at $49.35, rising 9.17% with a $216.62 million trading activity.
DoubleZero (2Z) is priced at $0.1296, down 8.84%, with a trading volume of about $50.3 million.
Bitcoin Cash (BCH) trades at $580.53, falling 2.87%, and recorded a trading volume of roughly $330.3 million.
TRON (TRX) is valued at $0.2804, slipping 2.43%, with a trading volume of $542.2 million.
Stablecoins recorded a 0.1% negative change in the past 24 hours, with a market cap of $312.5 billion and trading volume of $89 billion.
The Decentralized Finance (DeFi) market rose 1.6% in the last 24 hours, reaching a market cap of $112 billion, while total value locked (TVL) stands at $5 billion.
Fear and Greed Index Today
Source: Alternative Me
Today’s cryptocurrency Fear & Greed Index reads 22 — Extreme Fear, showing traders are highly cautious. This usually happens when markets face recent price drops, low trading activity, or uncertainty about upcoming economic events, leading investors to avoid risk and wait for clearer direction.
Latest Crypto Market News Today, 9 December
Acting CFTC Chair Caroline Pham introduced a pilot allowing BTC, ETH, and USDC as derivatives collateral. The agency also issued new tokenized-collateral guidance and withdrew outdated Staff Advisory 20-34.
Coinbase will list Plume and Jupiter for spot trading on December 9, 2025, pending liquidity. It also added Theoriq to its listing roadmap, highlighting growing support for RWA, DeFi, and AI-focused projects.
MicroBT launched its WhatsMiner M70 series in Abu Dhabi, delivering efficiency as low as 12.5 J/TH. The lineup spans 214 TH/s to 1 PH/s models, with HashSmith joining as a mining partner.
BlackRock has officially filed for a staked ethereum ETF, taking its first major step toward SEC approval. The firm already holds $11B in ETH, and the new ETF aims to provide separate staking exposure.
Paradigm has made its first Brazil investment, leading a $13.5 million Series A in Crown, the issuer of BRLV, a real-pegged stablecoin backed by government bonds, valuing the firm at $90 million.
The UK’s FCA plans major investment rule changes, replacing the Key Information Document with a simpler product summary and creating clearer retail–professional categories to ease access and offer more flexibility for wealthy clients.
BitMine Immersion Technologies revealed it now holds 3,864,951 ETH after adding 138,452 ETH this week. The company also owns 193 BTC, $1 billion cash, and $36 million in equity, totaling $13.2 billion in assets.
WEEX has launched an AI Trading Strategy Hackathon for individuals and teams, testing models in real-market conditions with a focus on market analysis, high-frequency data, risk control, and extreme-volatility performance.
Strategy has bought 10,624 BTC for $962.7M at $90,615 each, pushing its total holdings to 660,624 BTC worth $49.35B, with a strong 24.7% BTC yield in 2025.
The SEC has closed its two-year investigation into ONDO Finance, deciding not to pursue charges after reviewing its tokenized Treasury products and ONDO token. Ondo received official confirmation in late November.
CoinGabbar’s Opinion
The industry shows extreme fear, signalling high caution among investors, despite selective gains in major tokens and strong institutional activity. Volatility remains elevated, making short-term investments risky. However, blue-chip assets like BTC, ETH, and regulated products appear relatively safer. Investors should adopt a slow, selective, and research-driven approach in the current environment.
Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses.
