Highlights:
Today's cryptocurrency market is a bit lively, with Bitcoin rebounding above $97,000, and major altcoins like ETH and XRP also seeing considerable gains.
Additionally, Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) have both risen over 25%, bringing a wave of positive momentum to the market.
The total market cap of the global cryptocurrency market has now reached $3.38 trillion, with the trading volume in the past 24 hours surging to $301 billion.
Today's cryptocurrency market performed strongly, with Bitcoin (BTC) successfully rebounding to over $97,000 after hitting a low of $92,000. Major altcoins like Ethereum (ETH) and XRP also followed suit, and market sentiment appears very positive.
Among them, Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) performed particularly well, each rising 25% in the past 24 hours. The surge of Hyperliquid is related to Bitget's announcement to list its token on exchanges, while the rise of Virtual Protocol is driven by its newly launched GAME SDK.
The total market cap of the global cryptocurrency market also saw a slight increase, reaching $3.38 trillion, growing approximately 0.5% in the past 24 hours. Trading volume surged by 10%, reaching $301 billion, indicating a significant increase in market activity.
Today's cryptocurrency market overview: BTC surpasses $97,000, ETH, XRP, SOL rise
Today's performance in the cryptocurrency market is quite positive, with Bitcoin (BTC) breaking through the $97,000 mark, and major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also seeing increases. After a period of decline, meme coins like Dogecoin and Shiba Inu are also showing signs of recovery.
Bitcoin price trend
Bitcoin (BTC) is currently trading at $97,412, up 1% in the past 24 hours. Its lowest and highest prices are $92,210 and $98,136, respectively. Bitcoin's market cap has reached $1.93 trillion, with a 24-hour trading volume of $100 billion and a market share of 56.83%.
However, it is worth noting that there has been a significant outflow of funds from BTC ETFs. According to SoSo Value data, BTC ETFs have seen outflows for the second consecutive day, totaling $204 million, with Ark & 21Shares experiencing an outflow of $87 million and Fidelity $71 million. The latest data from BlackRock regarding BTC ETFs is still pending release.
Additionally, Michael Saylor proposed a new mechanism that demonstrates the potential for the U.S. to generate $81 trillion in revenue by establishing a strategic Bitcoin reserve, sparking discussions on how Bitcoin can assist national financial strategies.
Ethereum price today
Ethereum (ETH) is currently trading at $3,466, up 1% in the past 24 hours. Its lowest and highest prices are $3,099 and $3,497, respectively. Ethereum's market cap is $417 billion, with a 24-hour trading volume of $62 billion and a market share of 12.32%.
In terms of ETH ETFs, the inflow of funds has also been very positive, with Fidelity and Grayscale purchasing $13 million and $15 million worth of ETFs, respectively. BlackRock's data is still awaiting release, which could further impact Ethereum's trend.
Additionally, Trump's World Liberty Financial recently increased its purchases of ETH during the market downturn, showing that institutional interest in Ethereum remains strong despite market volatility.
XRP price today
The trading price of XRP is $2.31, up 0.5% in the past 24 hours. Its lowest and highest prices are $1.97 and $2.338, respectively. XRP's market cap is $130 billion, with a 24-hour trading volume of $26 billion, maintaining its position as the fourth largest cryptocurrency in the market, with a market share of 3.86%.
Additionally, Ripple, the company behind XRP, recently announced that it will support Donald Trump's inauguration with $5 million worth of XRP tokens, highlighting Ripple's strategic vision and its commitment to promoting global cooperation.
Solana price today
Solana (SOL) is currently trading at $193, with a 24-hour low of $175 and a high of $197. Solana's market capitalization is $92 billion, and its 24-hour trading volume is $9 billion. Cryptocurrency analysis platform Glassnode reports significant capital flow of Solana's assets, indicating increasing investor interest in the Solana ecosystem.
Meme coin prices today
Dogecoin (DOGE) rose by 1% today, currently trading at $0.32. Shiba Inu (SHIB) also increased by about 1%, priced at $0.00002259. Other major meme coins like PEPE, BONK, and WIF have risen between 2% to 9% in the past 24 hours, indicating positive trends in the market.
Today's top gainer in the cryptocurrency market
Hyperliquid (HYPE)
The price of Hyperliquid (HYPE) surged by 25% in the past 24 hours, currently trading at $31.97. Its lowest price in 24 hours was $22.96, and its highest price was $32.23, with a market cap of $8.69 billion and a 24-hour trading volume of $583 million.
Virtual Protocol (VPRO)
The stock price of Virtual Protocol (VPRO) also increased by 25%, currently trading at $2.734, with a 24-hour low of $2.03 and a high of $2.842, and a market cap of $2.73 billion.
Ethena (ENA)
The price of Ethena (ENA) rose by 16%, currently trading at $1.16, with a 24-hour low of $0.85 and a high of $1.224. Furthermore, Ethena Labs recently partnered with Trump's supported WLFI to enhance the liquidity and returns of stablecoins by introducing sUSDe as core collateral in Aave.
Today’s biggest loser in the cryptocurrency market
Aptos (APT)
Aptos (APT) became the biggest loser in the cryptocurrency market today, dropping 13% in 24 hours. The current price is $10.23, with a 24-hour low of $9.90 and a high of $11.77. The decline is mainly due to the resignation of Mo Shaikh, co-founder and CEO of Aptos Labs, raising concerns within the community.
Hedera (HBAR)
Hedera (HBAR) fell by 4%, currently trading at $0.2688, with a 24-hour low of $0.23 and a high of $0.28, and a market cap of $10 billion. Additionally, the Hedera Foundation announced that Charles Adkins will take over as new CEO, effective January 1, 2025.
Market overview
Overall, the cryptocurrency market has rebounded after yesterday's flash crash, with the positive performance of Bitcoin (BTC) and major altcoins indicating a recovery in market prices and a restoration of some confidence.