Crypto On Dec. 15: Market Largely Trades In Green, Dogecoin Booms After Musk's Support

After a bearish day, the cryptocurrency market boomed as top coins Bitcoin and Ethereum rose slightly in the last 24 hours, pushing up the global crypto market cap by 2.35% to $2.20 trillion as of 3.10 a.m. ET.

Bitcoin rose 2.52% in the last 24 hours to trade at $48,324, CoinMarketCap data showed. Experts are hopeful that Bitcoin will continue to gain momentum and touch all-time high points by early next year.

Most of the top coins were trading in the green ahead of a much-awaited U.S. Fed meeting seeking signals for tapering and rate hikes.

Ether rose 1.65% to $3869 while Binance Coin traded in the green.

Among other top cryptos, Solana rose 7.92% while Cardano saw a hike of 2.78% in the last 24 hours.

Notably, Dogecoin gained 12.75% in the last 24 hours after Tesla's Elon Musk suggested that Tesla was eyeing to make some merchandise buyable with Dogecoins.

Rival Shiba Inu also rose slightly in the last 24 hours.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.