The cryptocurrency market skilled a pointy downturn as Bitcoin (BTC) fell under the $100,000 mark after the Federal Reserve introduced a 25 foundation factors lower. Contrary to expectations of a constructive market response, the information triggered widespread sell-offs, affecting main altcoins. Ethereum (ETH) dropped by 6%, whereas XRP noticed a big 10% decline, with most cryptocurrencies displaying damaging momentum.
An exception to the downturn was USUAL, which surged by 23% within the final 24 hours. The total market capitalization fell by 5% to $3.44 trillion. However, buying and selling volumes spiked by 40%, reaching $251 billion, indicating lively market participation. The Fear and Greed Index remained at 69, reflecting a grasping sentiment regardless of the dip.
Here’s a more in-depth have a look at some top cryptocurrencies by market cap and their costs at present, December 19.
Cryptocurrency Market Today: BTC, ETH, XRP, and SOL Prices Drop
The cryptocurrency market at present noticed vital declines following the Federal Reserve announcement of a 25 Bps charge lower. Bitcoin (BTC) fell under the $99,000 mark, whereas Ethereum (ETH) and XRP dropped by 6% and 10%, respectively. Solana (SOL) additionally confronted a 5% decline, reflecting the broader market downturn.
Bitcoin Price Today
Bitcoin (BTC) price was down by roughly 4%, buying and selling at $100,880. Its 24-hour high and low have been $98,874 and $105,389, respectively. The market cap stood at $2 trillion, with $100 billion in buying and selling quantity and a market dominance of 57.12%.
As per SoSo Value, BTC ETFs skilled an outflow of 84 million on Wednesday, with Grayscale main at 35 million and Invesco at 25 million. Data from BlackRock relating to its outflows remains to be awaited.
In associated information, BOB (Build on Bitcoin) superior its mission to place Bitcoin on the forefront of decentralized finance (DeFi) by integrating with Babylon, a Bitcoin staking protocol.
Ethereum Price Today
Ethereum (ETH) price was buying and selling at $3,652, reflecting a 6% drop within the final 24 hours. The 24-hour high and low have been $3,543 and $3,902, respectively, displaying vital fluctuations within the cryptocurrency market at present.
With a market cap of $440 billion and a buying and selling quantity of $52 billion, Ethereum stays the second-largest cryptocurrency by market cap. In the cryptocurrency market at present, Ethereum ETF outflows amounted to 79 million, with Grayscale main the outflow at 65 million and Bitwise contributing 14.62 million.
In different information, Bitwise CIO Matt Hougan predicted that Ethereum will surpass Solana (SOL) in 2025. This prediction has generated appreciable curiosity within the ongoing improvement of each networks.
XRP Price Today
XRP worth was buying and selling at $2.32, reflecting a ten% drop within the final 24 hours. The 24-hour high and low have been $2.184 and $2.585, displaying volatility within the cryptocurrency market at present.
With a market cap of $132 billion and a buying and selling quantity of $22 billion, XRP stays one of many prime cryptocurrencies by market cap. Ripple additionally launched its native stablecoin token RLUSD, increasing its attain within the stablecoin house.
Solana Price Today
SOL price was buying and selling at $209, reflecting a 5% drop within the final 24 hours. Its 24-hour high and low have been $200 and $218, displaying notable fluctuations in worth.
With a market cap of $99 billion and a buying and selling quantity of $7 billion, Solana ranks sixth among the many prime 10 cryptocurrencies by market cap. Despite the worth drop, Solana continues to keep up a robust place out there. Additionally, the community development for Solana has reached a new all-time high, highlighting its ever-growing adoption and vibrant ecosystem exercise.
Meme Cryptocurrency Market Today
Meme cash additionally skilled a big downturn, with Dogecoin (DOGE) down by 7% and buying and selling at $0.36. Shiba Inu (SHIB) worth was down by 6%, now buying and selling at $0.00002425.
Other notable meme cash like PEPE, BONK, and WIF noticed even bigger drops, starting from 12% to fifteen% within the final 24 hours. These worth actions replicate the broader damaging sentiment within the meme coin market at present.
Top Crypto Gainers Prices Today
Usual
Usual (USUAL) worth noticed a outstanding 23% enhance within the final 24 hours, now buying and selling at $1.02. Its 24-hour high and low have been $0.67 and $1.16, respectively. With a market cap of $456 million, USUAL emerged as the highest gainer within the final 24 hours, outperforming many different cryptocurrencies out there at present.
Movement
Movement (MOVE) worth was buying and selling at $0.70, reflecting a 14% enhance within the final 24 hours. Its 24-hour high and low have been $0.611 and $0.72, showcasing a robust upward pattern within the worth.
Pudgy Penguins
Pudgy Penguins (PENGU) turned the third prime gainer for at present, with an 8% enhance within the final 24 hours, buying and selling at $0.033. The worth surge comes after a outstanding 500% rise following the announcement of its listing on Binance.
Top Crypto Losers Prices Today
dogwifhat
The dogwifhat (WIF) turned the worst performer with a 14% drop within the final 24 hours, now buying and selling at $2.26. Its 24-hour high and low have been $2.162 and $2.698, indicating vital volatility within the worth motion.
Floki
Floki (FLOKI) turned the second-worst performer for at present, with a 13% drop within the final 24 hours, buying and selling at $0.00019. Meme cash have crashed laborious following Bitcoin’s fall under the $100K mark, impacting FLOKI’s worth and the general market sentiment.
Theta Network
Theta Network (THETA) worth was down by 12% within the final 24 hours, buying and selling at $2.32. Its 24-hour high and low ranged from $2.18 to $2.61, reflecting the broader market downturn.
Beside this, the hourly chart is displaying a constructive momentum with BTC up by half a p.c within the final hour. Major altcoins like ETH, XRP, and BNB are up by 1%. In the cryptocurrency market at present, regardless of the current fluctuations, there’s a shift in the direction of optimism within the quick time period.
Coingape Staff
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Disclaimer: The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
