Cryptocurrency costs at present confirmed total features, with the worldwide crypto market cap rising 3.50% to $3.44 trillion. The complete buying and selling quantity during the last 24 hours has decreased by 16% as a consequence of Christmas. The Crypto Fear and Greed Index is steady at 73 at present, indicating “Greed” sentiment.
Bitcoin (BTC) value at present holds above $98,000 after retracing from the $99K stage. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) confirmed indicators of restoration after revenue reserving as traders anticipate a Santa Claus rally. Meme cash DOGE and SHIB additionally surged 3% and 4% within the final 24 hours.
Meanwhile, Fartcoin, Pudgy Penguins (PENGU) and Movement (MOVE) lead the gainers at present, with FARTCOIN skyrocketing over 70% during the last day. Here’s an outline of the leading cryptocurrencies by market capitalization and value actions.
Cryptocurrency Prices Today: BTC, ETH, XRP, & Other Altcoins Rebound
The cryptocurrency market witnessed reasonable features in costs at present, with Bitcoin (BTC) and Ethereum (ETH) rebounding greater than 4% and three%, respectively. This has fueled a bullish sentiment, triggering a restoration in broader market as a consequence of expectations of a Santa Claus rally.
Bitcoin Price Today
Bitcoin (BTC) price hit a excessive of $99,404 at present, with the value at the moment buying and selling above $98,200. BTC jumped greater than 4% because it rebounded from a 24-hour low of $93,689. Meanwhile, the buying and selling quantity has dropped 25% to $44 billion from a $70 billion common yesterday. Bitcoin’s market dominance rose to 56.71%, up 0.47% during the last day.
As per SoSoValue, BTC ETFs recorded $338.4 million in internet outflows on Tueday. It’s the fourth consecutive outflow from spot Bitcoin ETFs inflicting unfavorable sentiments available in the market. BlackRock Bitcoin ETF (IBIT) recorded its largest outflow of $188.7 million. Fidelity’s FBTC had an outflow of $83.2 million, adopted by ARKB with $75 million.
While Bitcoin has rallied almost 115% this 12 months, most mining shares have carried out poorly. Among the 25 listed corporations, solely 7 have achieved optimistic returns, together with CORZQ up 327%, WULF up 169%, BTDR up 167%, HUT up 91%, IREN up 72%, NB2 up 58%, CIFR up 33%. Whereas, ARB fell 84%, and HIVE fell 29%. Meanwhile, Russia bans crypto mining in six areas until 2031, sparking considerations.
Ethereum Price Today
Ethereum (ETH) price jumped 3%, with the value at the moment buying and selling at $3,490. The 24-hour high and low are $3,381 and $3,535, respectively. However, the buying and selling quantity has declined 28% during the last 24 hours, indicating a decline in curiosity from merchants.
While spot Bitcoin ETFs misplaced shine, spot ETH ETFs recorded second consecutive inflows on Tuesday. The internet influx was $53.6 million, as per Farside data, with BlackRock’s iShares Ethereum ETF (ETHA) witnessing $43.9 million in influx.
Ethereum builders are eyeing Fusaka upgrade as the subsequent main improve after the Pectra. The enhancements will assist Ethereum and its related Layer-2 options maintain their decentralized finance (DeFi) development momentum.
XRP Price Today
XRP price is buying and selling at $2.30, a 2% improve within the final 24 hours. The 24-hour high and low are $2.22 and $2.35, respectively. With a market cap of $131.63 billion and a buying and selling quantity of $5.74 billion at present. The cryptocurrency noticed its costs acquire upside momentum at present regardless of a 29% decline in buying and selling quantity.
Analysts predicted a possible 60% surge within the coming days. Ripple’s RLUSD stablecoin saw its listing on main exchanges together with Bullish and Singapore’s Independent Reserve.
Solana Price Today
Solana (SOL) price jumped 4% within the final 24 hours, with the value now altering palms at $198.61. SOL must reclaim above the $200 psychological stage to proceed additional features. It noticed an intraday high and low of $189 and $201.63, respectively, with buying and selling quantity down 15% during the last 24 hours.
Binance and founder Changpeng “CZ” Zhao argued the US SEC didn’t assist a number of allegations and the courtroom should dismiss the lawsuit. This contains claims in opposition to the SEC contemplating tokens akin to Solana (SOL) listed on the trade as securities.
Meme Cryptocurrency Prices Today
Meme cash have additionally proven indicators of restoration at present. Dogecoin (DOGE) was up by over 3%, buying and selling at $0.333, whereas Shiba Inu (SHIB) additionally gained 4%, buying and selling at $0.0000234. Other high meme cash like Pepe Coin, Bonk, Floki and WIF have been up 2%-4% within the final 24 hours.
Top Gainers Cryptocurrency Prices Today
Fartcoin Lead Crypto Market Today
FARTCOIN value rallied over 70% within the final 24 hours, with the value now buying and selling at $1.20. It hit a 24-high of $1.29 after gaining from a 24-hour low of $0.738. The market cap surged 65% to $1.19 billion and buying and selling quantity shot up 30% within the final 24 hours.
Pudgy Penguins
PENGU value jumped almost 20% within the final 24 hours, with the value now buying and selling at $0.036. Trading quantity has elevated by 183% within the final 24 hours, hitting a 24-high of $0.03929. Pudgy Penguins (PENGU) token jumped following its itemizing on the main Korean crypto trade Bithumb.
Movement
MOVE jumped 18% within the final 24 hours, with the value at the moment buying and selling at $1.01. The 24-hour high and low are $0.8169 and $1.14, respectively. Moreover, the buying and selling quantity has elevated 101% during the last 24 hours, indicating an increase in curiosity amongst merchants.
Top Losers Cryptocurrency Prices Today
Virtual Protocol
VIRTUAL value fell by 4% within the final 24 hours, now buying and selling at $3. The cryptocurrency costs at present present that the 24-hour high and low at $2.91 and $3.22, respectively. The market cap fell to $3 billion and the buying and selling quantity is down 20% to $304 million.
XDC Network
XDC value has dropped by 3% within the final 24 hours, with the value at the moment altering palms at $0.08206. The cryptocurrency costs at present present that the 24-hour high and low at $0.0813 and $0.08531, respectively.
Besides, the crypto market has continued to carry upside momentum in the previous few hours with optimistic indicators of additional upside in Bitcoin (BTC), Ethereum (ETH), and main altcoins. Traders expect a rally after Christmas from the 12 months’s finish crypto choices expiry.
Varinder Singh
Varinder has over 10 years of expertise and is called a seasoned chief for his involvement within the fintech sector. With over 5 years devoted to blockchain, crypto, and Web3 developments, he has skilled two Bitcoin halving occasions making him key opinion chief within the house.
At CoinGape Media, Varinder leads the editorial choices, spearheading the information staff to cowl newest updates, markets developments and developments inside the crypto trade. The firm was acknowledged as “Best Crypto Media Company 2024” for prime influence and high quality reporting.
Being a Master of Technology diploma holder, analytics thinker, expertise fanatic, Varinder has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers.
Disclaimer: The offered content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
