Highlights:
Recently, Bitcoin's price fell below $95,000, and the global market overall dropped by 2%, currently having a market cap of $3.27 trillion.
AAVE and FTT lead the gains, increasing by 9% and 8%, respectively.
Meanwhile, MOVE and HYPE performed poorly, plummeting 20% and 19%, respectively, in the past 24 hours.
Today, the cryptocurrency market continues to show a bearish trend, with Bitcoin (BTC) falling below $95,000. The global cryptocurrency market cap has dropped by about 2%, currently at $3.27 trillion, and trading volume has decreased by 15% to $138 billion. The Fear and Greed Index has fallen from 59 to 54, indicating a neutral market sentiment.
In the past 24 hours, major altcoins have also seen declines of 2% to 5%. Movement (MOVE) has plummeted by 20%, with Hyperliquid (HYPE) following closely behind, down 19%. Notably, HYPE has been one of the top gainers in the past two days, recently entering the top 20 by market cap.
The good news is that former U.S. President Donald Trump, a supporter of Bitcoin, has appointed Bo Hines as the executive director of the President's Digital Asset Advisory Committee. This committee is led by Chairman David Sachs and is dedicated to promoting innovation and development in digital assets.
Next, we will delve into the cryptocurrency price trends on December 23, to see how the top cryptocurrencies are performing.
Today's cryptocurrency market: BTC, ETH, XRP, and SOL are all down.
Today, Bitcoin (BTC) continues to decline, having dropped for three consecutive days from $99,000 to $94,000. Other major altcoins are not spared either, with Ethereum (ETH) down 2% and XRP down 4%. Meme coins also followed Bitcoin's trend, dropping between 2% and 4% in the past 24 hours.
Today's Bitcoin price:
Bitcoin is currently trading at $94,686, down 2% in the past 24 hours. The low and high prices are $93,797 and $97,371, respectively, with a current market cap of $1.88 trillion and a trading volume of $46 billion.
In addition, renowned gold investor Peter Schiff proposed an alternative strategy for Bitcoin as a reserve asset, which sparked considerable discussion in the market today and highlights the increasing controversy within the cryptocurrency industry.
Today's Ethereum price:
Ethereum (ETH) is currently trading at $3,284, down about 2% in the past 24 hours. The low and high prices are $3,220 and $3,401, respectively, with a market cap of $394 billion and a trading volume of $26 billion, giving Ethereum a market share of 12%.
Reports suggest that a cryptocurrency analyst posted that a certain expert believes the recent Ethereum crash may be the last adjustment, implying a potential five-figure bull market rebound in the future. This has led to some investors feeling optimistic, anticipating a market recovery soon.
Today's XRP price:
XRP's trading price today is $2.18, down 2% in the past 24 hours. Its market cap is $124 billion, making it the fourth largest cryptocurrency in the market.
Ripple Labs' CTO David Schwartz recently shared some insights about the company's RLUSD stablecoin, discussing how it benefits users and developers, marking an important advancement for Ripple's products.
Today's Solana price:
Solana (SOL) is currently trading at $182, with a 24-hour low of $176 and a high of $187. Its market cap is $87 billion and trading volume is $4 billion, indicating SOL's stable position in the cryptocurrency market.
Today's Meme coin price:
In the Meme coin market, there hasn't been much change, with Dogecoin (DOGE) down 3% in the past 24 hours, now trading at $0.3173. Shiba Inu (SHIB) is also down 2%, currently trading at $0.00002177.
However, some other Meme coins have risen slightly, such as PEPE, BONK, and WIF, with increases between 1% and 4%. Recently, a cryptocurrency analyst posted an analysis of Shiba Inu's future trends on Twitter, highlighting some key support levels.
Today's biggest gainers in cryptocurrency:
AAVE
AAVE price has increased by 9% in the past 24 hours, currently trading at $324. The 24-hour low and high prices are $292 and $323, respectively, with a market cap of $4.86 billion. This price surge reflects AAVE's strong performance in the crypto market.
FTX Token (FTT)
FTT price rose by 8%, currently trading at $3.047, with a 24-hour low of $2.782 and a high of $3.068, showing positive market sentiment.
Algorand (ALGO)
Algorand's price is $0.35, up 7% in the past 24 hours. The 24-hour low price was $0.3181 and the high price was $0.3625, showing significant price volatility.
Today's worst-performing tokens in cryptocurrency:
MOVE
MOVE is the worst-performing token today, with a significant drop of 20%. The current trading price is $0.75, with a 24-hour low of $0.71 and a high of $0.92, reflecting a large decline.
Hyperliquid (HYPE)
HYPE price has also performed poorly, dropping 19% in the past 24 hours. Its trading price fluctuated between a low of $25.51 and a high of $34.99, showing significant price volatility.
Despite some tokens declining, the cryptocurrency market still maintains a certain bullish momentum. Bitcoin (BTC) has risen by 2% in the past hour, with Ethereum (ETH), XRP, and other major altcoins also seeing increases of 2% to 4%, indicating a short-term recovery in market sentiment.
