Here’s a quick overview of today’s cryptocurrency prices, showing price action and recent market trends for BTC, ETH, SOL, and XRP.
Cryptocurrency prices have once again seen wild volatility today, sparking a wave of speculation among traders and investors around the world. Bitcoin (BTC) prices fell back to the $96,000 level, while Ethereum (ETH), Solana (SOL), and XRP plunged. However, it is worth mentioning that Bitget's BGB token bucked the trend and achieved unprecedented gains.
Meanwhile, the global cryptocurrency market cap fell nearly 2.5% over the past day to $3.34 trillion. Additionally, total market volume grew 5% yesterday to $123.46 billion. Let’s take a deeper look at the top coins and their price action on December 27.
Today's Cryptocurrency Prices: BTC, ETH, SOL, and XRP in High Demand
Due to the Fed's hawkish interest rate stance, the broader market has seen volatility recently, with top cryptocurrencies like BTC, ETH, XRP, and SOL facing pressure across the board. Bitcoin continues to retreat, reaching a level of $96,000 today, while the prices of ETH, SOL, and XRP have dropped 2%-4% during the day. Here is a brief report on today's top cryptocurrency prices.
Bitcoin (BTC) Today's Price
The price of BTC has dropped by 2.5% in the past 24 hours, currently trading at $96,236. Its 24-hour low and high were $95,137 and $98,973, respectively. Bitcoin's market dominance today reached 57.05%, indicating that the flagship cryptocurrency holds a dominant position in the market.
Additionally, given the increasing purchase volume of the asset, the long-term outlook for the token remains optimistic. CoinGape reported that the U.S. energy management company KULR recently purchased $21 million worth of BTC. While this purchase signals optimism about the future prospects of cryptocurrency, recent market fluctuations are also worth considering.
Another report from CoinGape shows that based on current market trends, cryptocurrencies are expected to pull back to $80,000. Given this data, market participants remain skeptical.
Ethereum (ETH) Today's Price
On the other hand, the price of ETH has dropped nearly 2% during the day, currently at $3,380. Its 24-hour low and high were $3,302.31 and $3,446, respectively. Ethereum's decline aligns with the broader market trend.
However, Coinglass data has sparked some optimism regarding the market potential of the asset. Notably, ETH's futures OI has slightly increased by 1% to $23.47 billion. Additionally, derivatives trading volume surged by 29% to $35.69 billion. In the broader tumultuous market, market observers continue to monitor further price movements in cryptocurrencies.
Solana (SOL) Today's Price
The price of SOL has dropped nearly 3% in the past 24 hours, currently trading at $190.31. Its intraday low and high were $186.86 and $195.27, respectively. In the context of market volatility, the future price trajectory of the cryptocurrency remains uncertain.
Coinglass data shows that Solana's futures OI has decreased by 3%, while derivatives trading volume has surged by 24%. However, despite recent adjustments, a report from CoinGape indicates that Solana could reach between $400 and $500 during this cycle.
XRP Today's Price
As of the time of writing, the price of XRP has dropped nearly 3.5%, currently trading at $2.18. Its intraday low and high were $2.13 and $2.25, respectively. Despite the optimistic sentiment in the Ripple community driven by favorable legal measures and strong market technicals, the token is still facing pressure. Nevertheless, a recent report from CoinGape highlighted a target price of $27 for XRP, sparking various speculations about future trends.
Today's Meme Crypto Prices
The price of Dogecoin has dropped by 3%, currently at $0.3156. Additionally, the price of Shiba Inu has decreased by 2% to $0.00002182. Even PEPE, BONK, and PENGU have dropped 1%-13% during the day, in line with the broader market trend.
