Today's Cryptocurrency Market: BTC, ETH, XRP, and SOL Prices Decline
Join us live to chat in the stream
Today's cryptocurrency market is overall sluggish, with significant declines in Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), reflecting a trend of market weakness. The slowdown effect of the holiday season continues to impact trading volume and prices.
Bitcoin Market
The current trading price of Bitcoin (BTC) is $94,327, down about 2% in the past 24 hours. During this period, the lowest price of Bitcoin was $93,440, and the highest price was $97,429. Notable investor Robert Kiyosaki predicts that Bitcoin will reach $350,000 by 2025 and advises investors to prioritize self-custody over investing through institutional ETFs.
According to statistics from SoSo Value, BTC ETFs experienced an outflow of $367 million on Friday, with Fidelity accounting for $208 million, Ark & 21Shares reporting an outflow of $112 million, and BlackRock's data yet to be released.
Ethereum Market
The current price of Ethereum (ETH) is $3,329, down about 1%. Its 24-hour lowest price was $3,307, and the highest price was $3,441. Ethereum ETFs saw an inflow of $27 million yesterday, with Fidelity Investments purchasing an equal amount of Ethereum. This change highlights the growing institutional interest in Ethereum.
XRP Market
As of now, the price of XRP is $2.144, down about 2%. Its 24-hour lowest and highest prices were $2.126 and $2.234, respectively. XRP supporter attorney John Deaton criticized the recent cryptocurrency tax report rules released by the Biden administration.
Solana Market
The current price of Solana (SOL) is $184, down 2%. Its 24-hour lowest price was $183, and the highest price was $194. Coingape analysts reported the reasons behind the sharp decline in Solana's price.
Meme Cryptocurrency Market
Today's meme cryptocurrency market follows the trend of top altcoins. Dogecoin (DOGE) is down 1%, trading at $0.3142, while Shiba Inu (SHIB) has only fallen 0.5% in the past 24 hours. However, BONK rose by 4%, with the “BURNmas” event leading to over 1 trillion coins being burned.
Join us live to chat in the stream
