Highlights:
The market fluctuated greatly today and is still in a state of shock overall.
The prices of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP are all falling.
However, BGB went against the trend and became the currency with the largest increase today.
The cryptocurrency market was once again volatile today, with traders and investors around the world rising and falling along with it. The price of Bitcoin fell back to $96,000, and ETH, SOL, and XRP all saw sharp declines. However, Bitget's BGB token performed well, bucking the trend and rising to a new high.
The total market value of the global crypto market fell by almost 2.5% in the past day and is currently at $3.34 trillion. At the same time, the market's trading volume increased by 5% to $123.46 billion. Next, let's take a look at several major tokens and their price performance on December 27.
Cryptocurrency Prices Today: BTC, ETH, SOL, and XRP Continue to Be Under Pressure
Affected by the Fed's hawkish stance on rate cuts, the market has been volatile recently, and top cryptocurrencies such as BTC, ETH, XRP, and SOL have all fallen under the pressure of the overall market. Bitcoin continued to fall, falling to $96,000 today, and ETH, SOL, and XRP also fell by 2%-4%. The following is an overview of the price trends of major cryptocurrencies today.
Bitcoin (BTC) price today
Bitcoin has fallen 2.5% in the past 24 hours and is currently trading at $96,236. The lowest and highest prices in the past 24 hours were $95,137 and $98,973 respectively. Bitcoin's market dominance is 57.05% today, still maintaining its dominance in the market.
Despite the price correction, the market remains optimistic about BTC's long-term prospects. According to CoinGape, US energy management company KULR recently purchased $21 million worth of Bitcoin, showing the market's confidence in the future of cryptocurrencies. Nevertheless, some analysts believe that BTC may further pull back to $80,000, and the market still has certain doubts.
Ethereum (ETH) price today
Ethereum fell about 2% today and is currently priced at $3,380. Its lowest and highest prices in the past 24 hours were $3,302.31 and $3,446 respectively. Ethereum's downward trend is consistent with the overall trend of the market.
However, Coinglass data brought some optimistic signals, with ETH's futures open interest (OI) rising slightly by 1% to $23.47 billion, and derivatives trading volume surging by 29% to $35.69 billion. These data show that despite market turmoil, ETH's market demand remains strong.
Solana (SOL) Price Today
Solana price has fallen by nearly 3% in the past 24 hours and is currently trading at $190.31. The lowest and highest prices were $186.86 and $195.27 respectively. As the market fluctuates, Solana's future trend remains uncertain.
According to Coinglass, Solana’s futures OI fell by 3%, but derivatives volumes increased by 24%. Despite the market correction, CoinGape’s report states that Solana could reach between $400 and $500 in future cycles.
XRP Price Today
XRP is currently down about 3.5% at $2.18, with the lowest and highest prices in the past 24 hours at $2.13 and $2.25 respectively. Although the Ripple community is confident about the future of XRP, especially the positive progress in legal proceedings, XRP is still facing market pressure.
However, CoinGape’s report mentioned that XRP’s target price could reach $27, sparking different market expectations for its future trend.
Meme Crypto Price Today
In terms of meme coins, Dogecoin (DOGE) fell 3% and is currently trading at $0.3156, while Shiba Inucoin (SHIB) fell 2% to $0.00002182.
Other meme coins such as PEPE, BONK and PENGU also fell by 1%-13%, in line with the overall market trend.
Today’s top cryptocurrency gains:
Bitget Token (BGB)
BGB’s price increased by nearly 17% yesterday and is now trading at $7.67, with an intraday low of $6.17 and a high of $7.87.
FTX Token (FTT)
The price of FTT has increased by 8% in the past day and is now $3.80, with the lowest price being $3.33 and the highest price being $4.10.
GateToken（GT）
GT rose 5% yesterday and is currently trading at $15.95, with a 24-hour low of $14.79 and a high of $17.67.
The following are the coins that have fallen the most today:
MOVE
MOVE price has fallen by 8% and is now $1.04, with a minimum price of $1 and a maximum price of $1.20.
Ivy (HBAR)
HBAR price has dropped 8% in the past day and is now trading at $0.286, with an intraday low of $0.2805 and a high of $0.3094.
Phantom (FTM)
FTM is down 7% and its current price is $0.88, with a low of $0.86 and a high of $0.95.
Analysts in the market are watching to see if the market can recover, as many top experts believe that the current bull cycle is not over yet. The prices of Bitcoin (BTC) and Ethereum (ETH) also rose slightly, increasing by 0.06% and 0.15% respectively, which makes many people optimistic about the future of the cryptocurrency market.