December 30 Cryptocurrency Market Overview: Bitcoin Hits Monthly Low, Altcoins Continue to Decline

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Today's cryptocurrency prices show that Bitcoin (BTC) is near a monthly low, while major altcoins continue to face pressure, reflecting a bearish sentiment across the market. As Bitcoin declines and Tether (USDT) faces regulatory pressure, market sentiment has become more uncertain. Despite this, FTX Token (FTT) rose today, becoming the biggest gainer in the cryptocurrency market.

Market Dynamics and Major Events

Bitcoin (BTC) price fell below $94,000, hitting a monthly low. Nevertheless, Michael Saylor's post on X suggests he will continue to accumulate Bitcoin, sparking interest among some investors. In the past 24 hours, Bitcoin's price decreased by 1.3%, closing at $93,400, with trading volume surging by 40% to $32 billion.

Ethereum (ETH) price increased by 1%, currently trading at $3,421. Despite the market slump, ETH's price remains relatively strong. Ethereum's ETF saw a weekly inflow of $349 million, ranking second after Bitcoin's ETF.

FTX Token (FTT) rose by 10% in the past 24 hours, trading at $3.75. This increase is related to FTX's announcement that it will begin processing claims starting January 3, 2024, with expectations to repay $16 billion in cash.

Major Cryptocurrency Prices

Bitcoin (BTC): Price at $93,400, down 1.3% in the past 24 hours. The 24-hour low was $93,079, and the high was $95,341. BTC's ETF recorded an inflow of $387 million last week, indicating a resurgence of institutional interest in Bitcoin.

Ethereum (ETH): Price at $3,421, up 1% in the past 24 hours. The 24-hour low was $3,327, and the high was $3,434. Despite analysts warning that Ethereum may drop to $2,600, ETH's ETF remains strong.

XRP: Price at $2.12, down about 3% in the past 24 hours. Its 24-hour low was $2.076, and the high was $2.197.

Solana (SOL): Price at $192, down 1% in the past 24 hours. The 24-hour low was $188.73, and the high was $197.59, showing slight volatility.

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