Today's crypto market is quite lively, with Bitcoin rebounding to over $97,000, and major altcoins like ETH and XRP also seeing significant increases.
Moreover, both Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) have surged over 25%, bringing a positive atmosphere to the market.
The total market cap of the global crypto market has now exceeded $3.38 trillion, with the trading volume in the past 24 hours also surging to $301 billion.
Today's cryptocurrency market is performing very strongly, with Bitcoin (BTC) successfully rebounding to over $97,000 after reaching a low of $92,000. Major altcoins like Ethereum (ETH) and XRP have also followed suit, and market sentiment appears very positive.
Recently, two projects are particularly noteworthy, Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL), which have performed exceptionally well, rising 25% in the past 24 hours. The increase in Hyperliquid is mainly due to Bitget announcing the launch of its token, while Virtual Protocol's rise is related to their newly released GAME SDK.
The total market cap of the global cryptocurrency market has slightly increased to $3.38 trillion, with a growth of about 0.5% in the past 24 hours. Trading volume has also surged by 10%, reaching $301 billion, significantly boosting overall market activity.
Today's cryptocurrency market overview: BTC breaks $97,000, ETH, XRP, SOL rise
Today's crypto market is performing positively, with Bitcoin breaking the $97,000 mark, and major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also seeing gains. After a period of decline, meme coins like Dogecoin and Shiba Inu are also showing signs of recovery.
Bitcoin price trend
Bitcoin (BTC) is currently trading at $97,412, having risen 1% in the past 24 hours. Its low was $92,210, and its high reached $98,136. Bitcoin's market cap has reached $1.93 trillion, with a 24-hour trading volume of $100 billion and a market share of 56.83%.
However, one point to note is the noticeable outflow of funds from BTC ETFs. According to SoSo Value data, BTC ETFs have seen consecutive outflows for two days, totaling $204 million, with Ark & 21Shares seeing $87 million in outflows and Fidelity $71 million. BlackRock's BTC ETF data is still pending release, which could impact Bitcoin's trend.
Additionally, Michael Saylor proposed a new mechanism discussing the possibility of the U.S. generating $81 trillion in revenue by establishing a strategic Bitcoin reserve, which has also attracted widespread market attention.
Ethereum price trend
Ethereum (ETH) is currently trading at $3,466, having risen 1% in the past 24 hours. Its low was $3,099, and its high reached $3,497. Ethereum's market cap is $417 billion, with a 24-hour trading volume of $62 billion and a market share of 12.32%.
Regarding ETH ETFs, the inflow of funds is also quite positive, with Fidelity and Grayscale purchasing ETFs worth $13 million and $15 million respectively. Data from BlackRock is still pending release, which could influence Ethereum's trend.
Additionally, Trump's World Liberty Financial has recently increased its investment in ETH during the market downturn, indicating that institutional interest in Ethereum remains strong despite market fluctuations.
XRP price trend
XRP is currently trading at $2.31, having risen 0.5% in the past 24 hours. Its low was $1.97, and its high reached $2.338. XRP's market cap is $130 billion, with a 24-hour trading volume of $26 billion and a market share of 3.86%.
Ripple recently announced it will support Trump's inauguration with $5 million in XRP tokens, a move that has garnered widespread attention and highlights Ripple's ambitions in global financial strategy.
Solana price trend
Solana (SOL) is currently trading at $193, with a 24-hour low of $175 and a high of $197. Solana's market cap is $92 billion, and the 24-hour trading volume is $9 billion. Crypto analytics platform Glassnode reports a significant increase in capital flow into Solana, indicating rising investor interest in the Solana ecosystem.
Meme coin price trend
Dogecoin (DOGE) has risen 1% today, currently trading at $0.32. Shiba Inu (SHIB) has also increased by about 1%, priced at $0.00002259. Other major meme coins like PEPE, BONK, and WIF have risen between 2% and 9% in the past 24 hours, showing positive signs of market recovery.
The cryptocurrency with the highest increase today
Hyperliquid (HYPE):
HYPE's price surged 25% in the past 24 hours, currently trading at $31.97, with a 24-hour low of $22.96 and a high of $32.23. Its market cap has reached $8.69 billion, with a 24-hour trading volume of $583 million.
Virtual Protocol (VPRO):
VPRO also rose 25%, currently trading at $2.734, with a 24-hour low of $2.03 and a high of $2.842, and a market cap of $2.73 billion.
Ethena (ENA):
ENA has risen 16%, currently trading at $1.16, with a 24-hour low of $0.85 and a high of $1.224. Ethena Labs recently partnered with Trump's-supported WLFI, planning to enhance the liquidity and returns of stablecoins by introducing sUSDe as core collateral on Aave.
The cryptocurrency with the largest decline today
Aptos (APT):
APT has dropped 13% in the past 24 hours, currently trading at $10.23, with a 24-hour low of $9.90 and a high of $11.77. This drop was mainly influenced by the resignation of Aptos Labs co-founder and CEO Mo Shaikh, raising widespread concerns in the community.
Hedera (HBAR):
HBAR has dropped 4%, currently trading at $0.2688, with a 24-hour low of $0.23 and a high of $0.28, and a market cap of $10 billion. The Hedera Foundation announced that Charles Adkins will take over as the new CEO, and this change will take effect on January 1, 2025.
Market overview
Overall, after yesterday's market flash crash, the cryptocurrency market has rebounded. The strong performance of Bitcoin (BTC) and major altcoins indicates a recovery in market prices, seemingly restoring some confidence.
