2024-12-26 10:52 |
The global cryptocurrency market saw a positive trend on Wednesday, with the market capitalization close to 3.5% to $3.42 trillion.
However, trading volumes dropped 16% over the past 24 hours due to subdued investor activity during the Christmas period.
The Crypto Fear and Greed Index remained stable at 73, reflecting a “Greed” sentiment.
BTC, ETH prices todayBitcoin (BTC) price today: Bitcoin is holding above $98,000 after briefly hitting $99K. Trading volumes for Bitcoin were down over 23%.
It saw a 4% rebound from a 24-hour low of $93,689. BTC’s market dominance rose to 56.71%.
However, Bitcoin ETFs experienced outflows, with $338.4 million in net outflows recorded on Tuesday.
The Bitcoin price has surged nearly 115% this year.
Ethereum (ETH) price today: Ethereum saw a 3% gain today, trading at $3,490, with a low of $3,381 and a high of $3,535.
Trading volume has declined by 28%, signaling less interest from traders.
Spot Ethereum ETFs saw a second consecutive inflow, with $53.6 million added, and Ethereum developers are preparing for the Fusaka upgrade.
Here is how other major crypto coins trade today:
XRP price today: XRP price rose close to 3% to $2.30, with a market cap of $131.63 billion.
Despite a 29% drop in trading volume, XRP saw positive momentum, with analysts predicting a 60% increase in the coming days.
Solana (SOL) price today: Solana rose 4% to $198.61, with the price fluctuating between $189 and $201.63.
However, the trading volume decreased by 15%.
Binance Coin (BNB) price today: BNB climbed 2.22% to $704, with the market cap surpassing $101 billion.
Memecoin and altcoin prices todayDogecoin (DOGE) climbed 4% in the past 24 hours, trading at $0.334. The meme coin showed a slight recovery amidst broader market gains.
Market cap was at around $49.2 billion, while trading volumes went down 12.80%.
Shiba Inu (SHIB) also experienced a 4% increase, with its price reaching $0.0000234. SHIB continues to follow the positive sentiment in the meme coin sector.
Trading volumes for the meme coin climbed up 14%, in contrast to a decline in trading across the crypto market.
Fartcoin (FART) saw a significant surge of 50%, reaching $1.17. The coin’s market cap surged to $1.19 billion, signaling growing investor interest.
The jump made it one of the biggest gainers of Wednesday.
It was followed by Movement (MOVE), which gained 19%, trading at $1.02. The coin saw a notable 105% spike in trading volume, indicating heightened investor interest and activity.
Pudgy Penguins (PENGU) rose by 10.80%, trading at $0.0349, following its recent listing on the prominent Korean exchange, Bithumb.
This listing has contributed to its increased market attention. Trading volumes were up around 70%.
Fantom was one of the biggest losers. FTM price today was down 2% at $0.9993.
The post Crypto market on Dec 25: Bitcoin climbs over $98,000, crypto trading volumes down 16% appeared first on Invezz
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