Cryptocurrency costs in the present day confirmed general features, with the worldwide crypto market cap rising 3.50% to $3.44 trillion. The whole buying and selling quantity over the past 24 hours has decreased by 16% on account of Christmas. The Crypto Concern and Greed Index is steady at 73 in the present day, indicating “Greed” sentiment.
Bitcoin (BTC) worth in the present day holds above $98,000 after retracing from the $99K degree. Main altcoins like Ethereum (ETH), XRP, and Solana (SOL) confirmed indicators of restoration after revenue reserving as traders anticipate a Santa Claus rally. Meme cash DOGE and SHIB additionally surged 3% and 4% within the final 24 hours.
In the meantime, Fartcoin, Pudgy Penguins (PENGU) and Motion (MOVE) lead the gainers in the present day, with FARTCOIN skyrocketing over 70% over the past day. Right here’s an summary of the leading cryptocurrencies by market capitalization and worth actions.
Cryptocurrency Costs Right now: BTC, ETH, XRP, & Different Altcoins Rebound
The cryptocurrency market witnessed average features in costs in the present day, with Bitcoin (BTC) and Ethereum (ETH) rebounding greater than 4% and three%, respectively. This has fueled a bullish sentiment, triggering a restoration in broader market on account of expectations of a Santa Claus rally.
Bitcoin Worth Right now
Bitcoin (BTC) price hit a excessive of $99,404 in the present day, with the value presently buying and selling above $98,200. BTC jumped greater than 4% because it rebounded from a 24-hour low of $93,689. In the meantime, the buying and selling quantity has dropped 25% to $44 billion from a $70 billion common yesterday. Bitcoin’s market dominance rose to 56.71%, up 0.47% over the past day.
As per SoSoValue, BTC ETFs recorded $338.4 million in web outflows on Tueday. It’s the fourth consecutive outflow from spot Bitcoin ETFs inflicting adverse sentiments available in the market. BlackRock Bitcoin ETF (IBIT) recorded its largest outflow of $188.7 million. Constancy’s FBTC had an outflow of $83.2 million, adopted by ARKB with $75 million.
Whereas Bitcoin has rallied practically 115% this 12 months, most mining shares have carried out poorly. Among the many 25 listed corporations, solely 7 have achieved optimistic returns, together with CORZQ up 327%, WULF up 169%, BTDR up 167%, HUT up 91%, IREN up 72%, NB2 up 58%, CIFR up 33%. Whereas, ARB fell 84%, and HIVE fell 29%. In the meantime, Russia bans crypto mining in six areas until 2031, sparking considerations.
Ethereum Worth Right now
Ethereum (ETH) price jumped 3%, with the value presently buying and selling at $3,490. The 24-hour high and low are $3,381 and $3,535, respectively. Nonetheless, the buying and selling quantity has declined 28% over the past 24 hours, indicating a decline in curiosity from merchants.
Whereas spot Bitcoin ETFs misplaced shine, spot ETH ETFs recorded second consecutive inflows on Tuesday. The online influx was $53.6 million, as per Farside data, with BlackRock’s iShares Ethereum ETF (ETHA) witnessing $43.9 million in influx.
Ethereum builders are eyeing Fusaka upgrade as the subsequent main improve after the Pectra. The enhancements will assist Ethereum and its related Layer-2 options maintain their decentralized finance (DeFi) progress momentum.
XRP Worth Right now
XRP price is buying and selling at $2.30, a 2% improve within the final 24 hours. The 24-hour high and low are $2.22 and $2.35, respectively. With a market cap of $131.63 billion and a buying and selling quantity of $5.74 billion in the present day. The cryptocurrency noticed its costs achieve upside momentum in the present day regardless of a 29% decline in buying and selling quantity.
Analysts predicted a possible 60% surge within the coming days. Ripple’s RLUSD stablecoin saw its listing on main exchanges together with Bullish and Singapore’s Unbiased Reserve.
Solana Worth Right now
Solana (SOL) price jumped 4% within the final 24 hours, with the value now altering palms at $198.61. SOL must reclaim above the $200 psychological degree to proceed additional features. It noticed an intraday high and low of $189 and $201.63, respectively, with buying and selling quantity down 15% over the past 24 hours.
Binance and founder Changpeng “CZ” Zhao argued the US SEC did not help a number of allegations and the court docket should dismiss the lawsuit. This consists of claims in opposition to the SEC contemplating tokens reminiscent of Solana (SOL) listed on the change as securities.
Meme Cryptocurrency Costs Right now
Meme cash have additionally proven indicators of restoration in the present day. Dogecoin (DOGE) was up by over 3%, buying and selling at $0.333, whereas Shiba Inu (SHIB) additionally gained 4%, buying and selling at $0.0000234. Different high meme cash like Pepe Coin, Bonk, Floki and WIF had been up 2%-4% within the final 24 hours.
Prime Gainers Cryptocurrency Costs Right now
Fartcoin Lead Crypto Market Right now
FARTCOIN worth rallied over 70% within the final 24 hours, with the value now buying and selling at $1.20. It hit a 24-high of $1.29 after gaining from a 24-hour low of $0.738. The market cap surged 65% to $1.19 billion and buying and selling quantity shot up 30% within the final 24 hours.
Pudgy Penguins
PENGU worth jumped practically 20% within the final 24 hours, with the value now buying and selling at $0.036. Buying and selling quantity has elevated by 183% within the final 24 hours, hitting a 24-high of $0.03929. Pudgy Penguins (PENGU) token jumped following its itemizing on the main Korean crypto change Bithumb.
Motion
MOVE jumped 18% within the final 24 hours, with the value presently buying and selling at $1.01. The 24-hour high and low are $0.8169 and $1.14, respectively. Furthermore, the buying and selling quantity has elevated 101% over the past 24 hours, indicating an increase in curiosity amongst merchants.
Prime Losers Cryptocurrency Costs Right now
Digital Protocol
VIRTUAL worth fell by 4% within the final 24 hours, now buying and selling at $3. The cryptocurrency costs in the present day present that the 24-hour high and low at $2.91 and $3.22, respectively. The market cap fell to $3 billion and the buying and selling quantity is down 20% to $304 million.
XDC Community
XDC worth has dropped by 3% within the final 24 hours, with the value presently altering palms at $0.08206. The cryptocurrency costs in the present day present that the 24-hour high and low at $0.0813 and $0.08531, respectively.
In addition to, the crypto market has continued to carry upside momentum in the previous couple of hours with optimistic indicators of additional upside in Bitcoin (BTC), Ethereum (ETH), and main altcoins. Merchants predict a rally after Christmas from the 12 months’s finish crypto choices expiry.
Varinder Singh
Varinder has over 10 years of expertise and is called a seasoned chief for his involvement within the fintech sector. With over 5 years devoted to blockchain, crypto, and Web3 developments, he has skilled two Bitcoin halving occasions making him key opinion chief within the area.
At CoinGape Media, Varinder leads the editorial choices, spearheading the information workforce to cowl newest updates, markets tendencies and developments throughout the crypto trade. The corporate was acknowledged as “Finest Crypto Media Firm 2024” for prime influence and high quality reporting.
Being a Grasp of Expertise diploma holder, analytics thinker, expertise fanatic, Varinder has shared his information of disruptive applied sciences in over 5000+ information, articles, and papers.
Disclaimer: The offered content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
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