What is the condition of the crypto market today?
As of December 22, 2024, the cryptocurrency market is experiencing a slight downturn following a period of significant growth. Bitcoin (BTC), which recently surpassed $100,000, has retracted to approximately $97,090, marking a 1.16% decrease over the past 24 hours. Ethereum (ETH) is trading around $3,382, down 1.80% in the same period. The global crypto market capitalization stands at $3.35 trillion, reflecting a 1.65% decline over the last day. This recent dip is attributed to rising U.S. Treasury yields, which have prompted investors to reassess their positions in riskier assets like cryptocurrencies. Despite this short-term volatility, the market has shown substantial growth throughout the year, driven by increased institutional adoption and favorable regulatory developments. Investors are advised to remain cautious, as the crypto market is known for its rapid fluctuations.
