December 25 Cryptocurrency Prices: BTC up 4%, ETH and other altcoins soaring 2-5%, with Fartcoin and Pudgy Penguins (PENGU) leading the gains.
Today's cryptocurrency prices have overall increased, with the global cryptocurrency market cap rising 3.50% to $3.44 trillion. Due to Christmas, total trading volume in the past 24 hours has decreased by 16%. Today's cryptocurrency fear and greed index remains stable at 73, indicating a sentiment of 'greed.'
The price of Bitcoin (BTC) today has remained above $98,000 after retracting from the $99,000 level. With investors anticipating a Santa Claus rally, major altcoins such as Ethereum (ETH), XRP, and Solana (SOL) show signs of recovery after profit-taking. Meme coins DOGE and SHIB also surged by 3% and 4% respectively in the past 24 hours.
Meanwhile, Fartcoin, Pudgy Penguins (PENGU), and Movement (MOVE) lead the gains today, with FARTCOIN soaring over 70% in the past day. Here is an overview of leading cryptocurrencies based on market capitalization and price trends.
Today's cryptocurrency prices: BTC, ETH, XRP, and other altcoins rebound
The cryptocurrency market showed moderate price increases today, with Bitcoin (BTC) and Ethereum (ETH) rebounding over 4% and 3% respectively. This has fueled bullish sentiment, prompting a recovery in the market due to expectations of a Santa Claus rally.
Today's Bitcoin price
The price of Bitcoin (BTC) reached a high of $99,404 today and is currently trading above $98,214. BTC rebounded from a 24-hour low of $93,689, with an increase of over 4%. Meanwhile, trading volume decreased by 25% from yesterday's average of $70 billion to $44 billion. Bitcoin's market share rose to 56.71%, up 0.47% from the previous trading day.
According to data from SoSoValue, the BTC ETF recorded a net outflow of $338.4 million on Tuesday. This is the fourth consecutive outflow for the spot Bitcoin ETF, resulting in negative sentiment in the market. The BlackRock Bitcoin ETF (IBIT) recorded the largest outflow amounting to $188.7 million. Fidelity's FBTC saw an outflow of $83.2 million, followed by ARKB with $75 million.
Bitcoin has increased nearly 115% this year, but most mining stocks have performed poorly, with only 7 out of 25 listed companies achieving positive returns. CORZQ has risen 327%, WULF by 169%, BTDR by 167%, HUT by 91%, IREN by 72%, NB2 by 58%, and CIFR by 33%. Meanwhile, Russia has banned cryptocurrency mining in six regions until 2031, raising concerns.
Today's Ethereum price
The price of Ethereum (ETH) has risen by 3%, currently trading at $3,496. The 24-hour low and high are $3,381 and $3,535 respectively. However, trading volume in the past 24 hours has decreased by 28%, indicating a decline in trader interest.
While the spot Bitcoin ETF has underperformed, the spot ETH ETF recorded inflows for the second consecutive time on Tuesday. According to Farside, the net inflow was $53.6 million, with BlackRock's iShares Ethereum ETF (ETHA) seeing an inflow of $43.9 million.
Ethereum developers view the Fusaka upgrade as the next major upgrade following Pectra. These enhancements will help Ethereum and its related second-layer solutions maintain their growth momentum in decentralized finance (DeFi).
Today's XRP price
The current price of XRP is $2.30, having risen 2% in the past 24 hours. The 24-hour low and high are $2.22 and $2.35, respectively. The market cap is $131.63 billion, with today's trading volume at $5.74 billion. Despite a 29% drop in trading volume, the price of the cryptocurrency still shows upward momentum today.
Analysts predict a potential increase of 60% in the coming days. Ripple's RLUSD stablecoin has been listed on major exchanges such as Bullish and Singapore Independent Reserve.
Today's Solana price
The price of Solana (SOL) has increased by 4% in the past 24 hours, currently priced at $199.58. SOL needs to break through the psychological barrier of $200 to continue rising. The intraday low and high were $189 and $201.63, respectively, with trading volume decreasing by 15% in the past 24 hours.
Binance and founder Changpeng “CZ” Zhao argue that the U.S. Securities and Exchange Commission has failed to support multiple allegations, and the court must dismiss the lawsuit. This includes allegations against the SEC claiming that tokens such as Solana (SOL) listed on the exchange are securities.
Today's meme cryptocurrency prices
Today, meme coins also show signs of recovery. Dogecoin (DOGE) has risen over 3%, trading at $0.333, while Shiba Inu (SHIB) increased by 4%, trading at $0.0000234. Other top meme coins such as Pepe Coin, Bonk, Floki, and WIF have risen by 2%-4% in the past 24 hours.
Cryptocurrency prices with the largest gains today
Fartcoin leads today's cryptocurrency market
The price of FARTCOIN has increased by over 70% in the past 24 hours, currently trading at $1.20. After rising from a 24-hour low of $0.738, it reached a 24-hour high of $1.29. The market cap has surged 65% in the past 24 hours to $1.19 billion, with trading volume increasing by 30%.
Pudgy Penguins
The price of PENGU has increased by nearly 20% in the past 24 hours, currently trading at $0.036. Trading volume increased by 183% in the past 24 hours, reaching a peak of $0.03527. The Pudgy Penguins (PENGU) token surged significantly after being listed on South Korea's leading cryptocurrency exchange Bithumb.
Mobile
MOVE has increased by 18% in the past 24 hours, currently trading at $1.02. The 24-hour low and high are $0.8169 and $1.14, respectively. Additionally, trading volume has grown by 101% in the past 24 hours, indicating increased trader interest.
Countries with the largest cryptocurrency price drops today
Virtual Protocol
The price of VIRTUAL has dropped by 4% in the past 24 hours, currently trading at $3. Today's cryptocurrency prices show a 24-hour low and high of $2.91 and $3.22, respectively. The market cap has fallen to $3 billion, and the trading volume is down 20% to $304 million.
XDC Network
The price of XDC has dropped by 3% in the past 24 hours, currently priced at $0.08206. Today's cryptocurrency prices indicate a 24-hour low and high of $0.0813 and $0.08531, respectively.
Additionally, the cryptocurrency market has continued to show upward momentum in the past few hours, with Bitcoin (BTC), Ethereum (ETH), and major altcoins showing further positive signs of growth. Traders expect a rebound following the expiration of cryptocurrency options at year-end, after Christmas.
That's all for today's article. We are currently in a bull market with much excitement, and we share passwords daily.
