Today's cryptocurrency market shows declines in Bitcoin, ETH, and top altcoins, with notable volatility in BONK coins and Bitget tokens.
With the holidays approaching, the cryptocurrency market is experiencing a period of calm today. Bitcoin (BTC) and Ethereum (ETH) both declined, with BTC falling below 95K and ETH dropping to the 3300 range. Bitcoin has been hovering around 94K for over a month now and remains between 94K and 108K. Top altcoins show a bearish trend, with most tokens down 1% to 5% in the past 24 hours.
The overall market capitalization has also dropped by about 2%, currently at $3.28 trillion. With many investors in a holiday mood, enjoying the last few days of 2024, trading volume has significantly decreased by 34%. Market activity is expected to rebound after the first week of January, when trading volume may return to normal levels. The Fear and Greed Index currently stands at 51, indicating a neutral market sentiment.
Today's cryptocurrency market: BTC, ETH, XRP, and SOL prices are down.
Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) all experienced significant declines, reflecting an overall market slump. The slowdown of the holiday season continues to affect trading volume and prices.
Today's Bitcoin market
Bitcoin (BTC) price is trading at $94,572, down about 2% in the past 24 hours. Its 24-hour low and high are $93,440 and $97,429, respectively. Robert Kiyosaki made a bold prediction, forecasting that Bitcoin will reach $350,000 by 2025, urging investors to prioritize self-custody over institutional ETFs.
According to SoSo Value statistics, $367 million flowed out of BTC ETFs on Friday, with Fidelity accounting for $208 million, Ark & 21Shares reporting an outflow of $112 million, while BlackRock's data is still pending.
Today's Ethereum market
Ethereum (ETH) price dropped about 1%, currently at $3,355, with a 24-hour low of $3,307 and a high of $3,441. ETH ETFs saw an inflow of $27 million yesterday, with Fidelity Investments purchasing $27 million worth of Ethereum. This shift in the cryptocurrency market highlights growing institutional interest in Ethereum.
Today's XRP market
As of the time of writing, the XRP price is $2.162, down about 2%. Its 24-hour low and high are $2.126 and $2.234, respectively. XRP supporter lawyer John Deaton criticized the recent cryptocurrency tax report rules released by the Biden administration.
Today's Solana market
Solana (SOL) price is down 2%, trading at $185. Its 24-hour low and high are $183 and $194, respectively. Coingape analysts reported on the reasons behind the sharp decline in Solana's price.
Today's Meme cryptocurrency market
Today's meme cryptocurrency market follows the trend of top altcoins. Dogecoin (DOGE) is down 1%, trading at $0.3159, while Shiba Inu (SHIB) has only dropped half a percentage point in the last 24 hours. However, BONK has risen by 4%, driven by the 'BURNmas' event that resulted in over 1 trillion coins being burned.
Today's cryptocurrency market is up
Virtual Protocol
Virtual Protocol (VIRTUAL) became the largest gainer today, with a price increase of 15% in the past 24 hours. Its 24-hour low and high are $3.05 and $3.58, respectively. Coingape analysts also reported on the most promising cryptocurrencies to invest in for 2025.
Bitget Token
The price of Bitget Token (BGB) increased by 9% in the past 24 hours, trading at $8.36. The price increase is mainly due to Bitget revealing future plans for an $800 million token burn. This development is impacting today's crypto market, bringing positive momentum to Bitget Token.
Today's cryptocurrency market losses
FTX Token
FTX Token (FTT) price is down 16%, making it the worst-performing cryptocurrency in the past 24 hours. Its 24-hour low and high are $3.27 and $3.93, respectively. This decline reflects the challenges that FTX faces in today's cryptocurrency market.
Zero Coin
Zcash (ZEC) is down 10%, trading at $61.54. Its 24-hour low and high are $61.61 and $68.92, respectively. This decline reflects the volatility of the cryptocurrency market today.
Aside from that, there have been no improvements in the hourly chart, and the prices of top altcoins and Bitcoin have not changed significantly in the past hour. It is most likely that once the holidays are over, there will be significant price changes in the cryptocurrency market next week.