Highlights:
Recently, Bitcoin (BTC) has traded at around $94,327, down by 2%. In the last 24 hours, prices fluctuated between $93,440 and $97,429.
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) slightly decreased, but BONK rose by 4%.
Bitget Token (BGB) soared 9% after announcing the destruction of $800 million tokens, boosting market sentiment.
With the arrival of the holidays, the crypto market is now entering a period of calm. Bitcoin (BTC) and Ethereum (ETH) have both seen declines, with BTC dropping below 95K and ETH around 3300 dollars. Bitcoin has fluctuated between 94K and 108K for over a month. Top altcoins are generally bearish, with many tokens dropping between 1% and 5% in the last 24 hours.
The overall market capitalization has also dropped by about 2%, currently at $3.28 trillion. As many investors are enjoying the holidays, 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. Currently, the Fear and Greed Index is at 51, showing a neutral market sentiment.
Today's cryptocurrency market: BTC, ETH, XRP, and SOL prices generally declined
Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) have all seen significant declines, with market sentiment low. The impact of the holiday season continues, with both trading volume and prices slowing down.
Today's Bitcoin Market
Bitcoin (BTC) is currently priced at $94,327, down about 2% in the last 24 hours. The lowest in 24 hours was $93,440, and the highest was $97,429. Noted economist Robert Kiyosaki made a bold prediction that Bitcoin could reach $350,000 by 2025 and advised investors to prioritize self-custody over relying on institutional ETFs.
According to SoSo Value data, on Friday, BTC's ETF outflow was $367 million, with Fidelity's outflow at $208 million, Ark & 21Shares at $112 million, and BlackRock's data has yet to be released.
Today's Ethereum Market
Ethereum (ETH) has dropped about 1%, currently trading at $3,329, with a low of $3,307 and a high of $3,441 in the last 24 hours.
Despite the price drop, ETH's ETF saw an inflow of $27 million yesterday, with Fidelity purchasing $27 million worth of Ethereum. This indicates a continued growing interest from institutions in Ethereum.
Today's XRP Market
The current price of XRP is $2.144, down about 2%. The lowest price in 24 hours was $2.126, and the highest was $2.234. XRP supporter and lawyer John Deaton criticized the Biden administration's recent crypto tax report rules, arguing that it would negatively impact the crypto industry.
Today's Solana Market
Solana (SOL) has dropped by 2%, currently trading at $184. The lowest in 24 hours was $183, and the highest was $194. Coingape analysts have pointed out that the sharp drop in Solana's price is mainly influenced by market sentiment, with multiple factors at play.
Today's Meme Cryptocurrency Market
Today's meme coin market also follows the general downtrend. Dogecoin (DOGE) dropped by 1%, currently priced at $0.3142, while Shiba Inu (SHIB) only slightly decreased by 0.5%.
However, BONK performed well, rising by 4% due to the 'BURNmas' event that destroyed over 100 trillion coins.
Today the cryptocurrency market is performing positively
Virtual Protocol (VIRTUAL)
Virtual Protocol (VIRTUAL) has performed very strongly today, with a price increase of 15% in the last 24 hours. The current price fluctuates between $3.05 and $3.58. Coingape analysts also noted that there are several highlights for the most investable cryptocurrencies in 2025.
Bitget Token (BGB)
Bitget Token (BGB) has also seen a nice increase, up 9% in the last 24 hours, now trading at $8.36. Bitget announced plans to destroy $800 million worth of tokens, which positively impacted the market, driving up BGB's price.
Today the cryptocurrency market is in loss
FTX Token (FTT)
FTX Token (FTT) performed the worst today, with a price drop of 16%. The lowest and highest prices in the last 24 hours were $3.27 and $3.93, respectively. This drop reflects some of the issues and challenges FTX is facing in the market.
Zcoin (ZEC)
Zcash (ZEC) has also dropped by 10%, currently priced at $61.72. The lowest price in the past 24 hours was $61.61, and the highest was $68.92. This drop reflects the market's volatility.
In addition, in the last hour, the price changes of top altcoins and Bitcoin have been relatively stable. It is most likely that with the end of the holidays, the market prices may experience greater volatility next week.