Highlights:
Virtual Protocol (VIRTUAL) led the way with a 35% gain, followed by Zcash (ZEC) with a 20% gain.
Bitcoin (BTC) and Ethereum (ETH) are relatively stable, while XRP is likely to surge, with an expected increase of up to 60%.
Memecoins and some major altcoins also had a good day, especially HYPE, which rose 5% in the past hour.
The cryptocurrency market today showed mixed trends, with Bitcoin showing some weakness and prices failing to break through $94,000. Bitcoin has been falling for a week since hitting a record high of $108,000. Meanwhile, major altcoins like Ethereum, XRP, and Solana (SOL) seem to be gradually recovering, with gains between 3% and 5% in the past 24 hours.
Overall, Virtual Protocol (VIRTUAL) has been the standout cryptocurrency today, rising 35% in the past 24 hours. Following closely is Zcash (ZEC), which increased by 20%.
The global cryptocurrency market capitalization increased by about 2%, currently at $3.32 trillion, with trading volume also growing by 20%, reaching $170 billion. The Fear and Greed Index shows neutral sentiment, currently at 55, indicating a stable mood.
Today's cryptocurrency prices: BTC, ETH, XRP, and SOL have seen ups and downs
Today, Bitcoin's price fell below $94,000, while Ethereum, XRP, and Solana prices rose between 3% and 5% in the past 24 hours. Meanwhile, the IRS announced that cryptocurrency staking rewards are taxable, a decision currently under litigation, attracting market attention.
Bitcoin (BTC) price
Bitcoin's current trading price is $93,984, with a 24-hour low of $92,526 and a high of $96,545. Its market cap is $1.86 trillion, with a 24-hour trading volume of $62 billion. Bitcoin's market share has slightly decreased to 56.52%.
According to SoSo Value data, Bitcoin ETF outflows reached $276 million, with BlackRock's outflow at $72 million, and Ark & 21Shares experiencing the largest outflow at $87 million. Additionally, Fidelity and Grayscale saw outflows of $71 million and $57 million, respectively.
Meanwhile, MicroStrategy (led by Michael Saylor) has gained attention again. The company just purchased 15,350 Bitcoins for $1.5 billion and further increased its Bitcoin reserves, continuing to bet on Bitcoin's future.
Ethereum (ETH) price
The current price of Ethereum is $3,383, having risen 4% in the past 24 hours. Its lowest price in 24 hours was $3,263, and the highest was $3,466. Ethereum's market cap is $407 billion, with a 24-hour trading volume of $32 billion and a market share of 12.35%.
The performance of Ethereum ETFs has been somewhat volatile, with net outflows of $75 million. BlackRock led the outflows with $103 million, while Grayscale and Fidelity increased their holdings in their ETFs by approximately $15 million and $12 million, respectively.
Furthermore, as Ethereum's price dropped to around $3,100, Ethereum whales began to become active. Despite significant market fluctuations, the large withdrawals from Binance indicate that institutional investors remain optimistic about Ethereum's potential for future gains.
XRP price
XRP's current price is $2.23, having risen 4% in the past 24 hours. The 24-hour low and high prices are $2.141 and $2.271, respectively, with a market cap of $127 billion and a trading volume of $8.99 billion, still the fourth largest cryptocurrency by market cap.
Recently, XRP has been gaining more attention. Analysts expect that with increased whale activity, the launch of RLUSD stablecoin, and optimism regarding the potential approval of XRP ETF, XRP prices could rise by 60%.
Solana (SOL) price
Solana's price has risen by 5%, currently trading at $188. Its lowest price in 24 hours was $179, and the highest was $193. Solana's market cap is $90 billion, with a 24-hour trading volume of $4.63 billion, demonstrating strong market resilience.
Despite the overall market downturn, Solana's whale inflows reached $1.7 million weekly, showing strong capital inflow. Solana's price chart also shows signs of recovery, despite previously hitting a monthly low of $177.21.
Meme coin prices
Today, meme coins also saw a certain rebound. Dogecoin (DOGE) rose about 4%, currently trading at $0.3195, while Shiba Inu (SHIB) also rose 4%, trading at $0.00002219.
Other popular meme coins, such as BONK, PEPE, and WIF, have also risen by 2% to 4% in the past 24 hours. BONK plans to burn 1 trillion tokens on Christmas, with the founder's target price set at $0.11.
The cryptocurrencies with the largest gains today are:
Virtual Protocol (VIRTUAL)
VIRTUAL has risen 35% in the past 24 hours, currently priced at $3. Its lowest price in 24 hours was $2.41, and the highest reached $3.135, with a market cap of $3.08 billion and a trading volume of $368 million.
Zcash (ZEC)
ZEC's current price is $64.96, having risen 20% in the past 24 hours. Its lowest price in 24 hours was $57.80, and the highest was $68.31, with a market cap of $1 billion and a trading volume of $180 million.
AAVE
AAVE price increased by 19%, ranking third in today's gains. The current price is $377, with a 24-hour low and high of $320 and $388, respectively. Its market cap is $5.68 billion, with a trading volume of $1.53 billion.
The cryptocurrencies with the largest losses today:
BitTorrent (BTT)
BTT performed the worst today, dropping 2% in 24 hours. Its trading price is $0.00000114, with a market cap of $1.11 billion and a trading volume of $45 million in the past 24 hours.
Additionally, the overall market sentiment has improved, with hourly charts showing Bitcoin (BTC), Ethereum (ETH), and major altcoins generally rising. In particular, Hyperliquid (HYPE) rose by 5% in the past hour. This positive momentum indicates that as major coins show recovery, the market may be gradually rebounding.