Crypto prices are continuing their upward trend today, with Bitcoin (BTC) recovering from $92,000 to reach $99,000. Leading altcoins are also showing positive momentum. The rise of BGB coin and a few other cryptocurrencies in particular has drawn attention.
BGB coin and other uptrends
Bitget Exchange token (BGB coin) led the market gains by gaining 18% in the last 24 hours. On a weekly basis, it rose by 48% in falling markets, unlike other major altcoins. Movement (MOVE) coin became the second biggest gainer with a 15% price increase. While the global cryptocurrency market cap increased by about 1% to $3.43 trillion, trading volume decreased by 11% to $117 billion due to the ongoing Christmas holiday around the world.
In the United States, market volatility is expected to increase with three weeks left until Donald Trump’s presidential inauguration. The Fear and Greed Index is currently at 63, indicating that greed is dominant in the market. Considering the general market situation and price movements, Bitcoin (BTC) maintains its position near $99,000. Ethereum (ETH) and XRP have made steady gains, while Solana (SOL) has recouped its losses. These developments indicate that investors’ confidence in major cryptocurrencies is increasing.
Bitcoin (BTC) price and market situation$BTC
Bitcoin is trading at $99,123, up about 1% in the last 24 hours. The lowest price was $97,681, while the highest price was $99,974. While Bitcoin's market value reached $1.96 trillion, its trading volume fell to $35 billion due to the holiday season. Bitcoin's market dominance increased to 57.04%. According to Coinglass, Bitcoin futures volume reached $18.95 billion in 24 hours, while Binance contributed $12.49 billion to this volume. In addition, Russia is on the agenda to use Bitcoin and other cryptocurrencies in foreign trade to bypass Western sanctions.
Ethereum (ETH) price and developments$ETH
Ethereum is trading at $3,462, up 0.5% in the last 24 hours. The lowest and highest prices in the last 24 hours were $3,442 and $3,545, respectively. Ethereum’s market cap reached $417 billion, while its trading volume reached $18 billion. In addition, The Sonic Chain has expanded its reach by connecting with the Ethereum ecosystem, while further strengthening its relationship with Fantom (FTM).