Asian markets were trading higher in the last trading day before Christmas, gaining momentum from the Wall Street. In Korea, the Kospi went higher by 0.22 percent as blue chips that fell in the last session were able to rebound. Samsung was up by 0.69 percent and Hyundai Motors rose by 1.69 percent.
Down under, Australia's S&P/ASX 200 edged up by 0.34 percent gathering its strength from its raw materials sector. Shanghai Composite, in Mainland China, slightly declined by 0.03 percent, while the hang Seng Index was traded with a 0.21 percent increase.
The price of Bitcoin dropped by more than 25 percent from its peak of almost $20,000 which was attained during the previous week. Prices fell to as low as $14,502 at the start of the trading session according to CoinDesk’s Bitcoin Price Index (BPI). This is an approximate decline of 27 percent from the all-time high of $19,783.
According to data from OnChainFX, all of the top 20 digital coin were fluctuating in the past few days. Bitcoin Cash, Dash and litecoin have all posted declines in the last 24 hours. One should remember that crypto-currencies are by nature much more volatile than regular currencies.