The cryptocurrency market fell by 5% today, with BTC dropping below $95,000, while UNUS SED LEO rose by 2% during the downturn.
Today, the cryptocurrency market saw a significant drop in prices, with Bitcoin (BTC) falling below $95,000. Major altcoins like Ethereum (ETH), XRP, Solana (SOL), and Binance Coin (BNB) hit weekly lows. At the time of writing, UNUS SED LEO (LEO) was the only coin with a notable increase, rising just 2% in the past 24 hours. The market crash led to $1.46 billion in liquidations over the past 24 hours.
Today, the global cryptocurrency market fell by about 5%, with a market cap of $3.46 trillion. Despite the decline, trading volume surged by 107%, reaching $324 billion. The Fear and Greed Index shifted to 76, indicating a rise in greed compared to previous levels of extreme greed.
Here’s an overview of some top cryptocurrencies by market cap and their prices today (December 10):
Today's cryptocurrency market: BTC, ETH, SOL, and XRP crash
Bitcoin (BTC) price plummeted suddenly, dropping to a low of $94,286 today, marking a sharp decline in the market. Major altcoins like Ethereum (ETH), Solana (SOL), and XRP also experienced declines of 5% to 10%, further exacerbating the bearish sentiment in the cryptocurrency market today.
On the positive side, Hester Peirce outlined key cryptocurrency reforms initiated during Donald Trump's administration. These reforms aim to establish a clearer regulatory framework for digital assets, promoting long-term growth and innovation in the cryptocurrency market.
Bitcoin Price Today
Bitcoin (BTC) trading price is $97,082, down 2% in the past 24 hours. The 24-hour high was $100,358, with a market cap of $1.92 trillion and a 24-hour trading volume of $111 billion. Bitcoin's market dominance remains strong at 55.71%.
According to Farside's data on Monday, BTC ETF activities varied. Fidelity reported inflows of up to $175 million, while the overall inflow for the Bitcoin ETF was $85 million. Meanwhile, Bitwise and ARK reported outflows of $39 million and $34 million, respectively. BlackRock's ETF data is still pending, with investors eagerly awaiting the latest updates.
It is worth mentioning that a Russian lawmaker proposed establishing Bitcoin reserves. This initiative aims to enhance financial stability, evade international sanctions, and capitalize on the growing value of cryptocurrencies. This move highlights the increasing recognition of Bitcoin's strategic importance on the global stage.
Ethereum Price Today
Ethereum (ETH) trading price is $3,691, down 7% from the previous day. ETH's 24-hour price range is between $3,523 and $3,954. The market cap of Ethereum is $445 billion, with a 24-hour trading volume of $60 billion, holding a market share of 12.93%.
In ETF activity, the total inflow for the ETH ETF was $5.6 million, mainly driven by Fidelity's $30 million. However, Bitwise and ARK reported outflows of $13 million and $4 million, respectively. BlackRock's ETH ETF data is still pending, and the market remains speculative.
XRP Price Today
XRP trading price is $2.08, significantly down 16% in the past 24 hours. The market cap is $119 billion, with a 24-hour trading volume reaching $20 billion. XRP's 24-hour low and high prices are $2.08 and $2.49, respectively, highlighting the ongoing volatility in today's cryptocurrency market.
Solana Price Today
The price of Solana (SOL) is $210, stabilizing between $209 and $232 in the last 24 hours. The market cap of this cryptocurrency is $100 billion, with a 24-hour trading volume of $9 billion. By market cap, SOL is the fifth largest cryptocurrency, holding a market share of 2.94%.
Meme Crypto Performance Today
The meme coin sector saw a significant price drop, reflecting today's bearish trend in the cryptocurrency market. Dogecoin (DOGE) fell by 14%, currently trading at $0.3878, with a 24-hour high of $0.454. Similarly, Shiba Inu (SHIB) dropped by 19%, currently priced at $0.00002524.
Other popular meme coins, including PEPE, WIF, and BONK, also reported losses of 15% to 25%. The significant drop highlights the increased volatility in the meme coin sector as market sentiment remains weak.