Crypto Prices Today December 9: BTC Drops Below $100K, LINK Gains 8%

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As a seasoned crypto investor with over five years of experience navigating this volatile market, I find today’s bearish momentum to be both intriguing and expected. With my first investment in Bitcoin back in 2017 when it was just $3,500, I’ve learned that short-term fluctuations are part of the crypto game.

Today’s crypto market showed a downtrend, often referred to as bearish behavior, where Bitcoin (BTC) and many significant alternative coins saw a decrease. Among the top 10 cryptocurrencies, Ripple (XRP) had the most substantial drop of approximately 5%. On the other hand, Chainlink (LINK) was the standout performer, experiencing a 6% increase over the past day.

The total value of all cryptocurrencies combined dropped about 2% to reach around $3.65 trillion. At the same time, trading activity grew by 2%, amounting to approximately $155 billion. These fluctuations suggest the volatile character of crypto prices in today’s market.

Today’s summary presents the current standing and prices for some top-tier digital currencies ranked by market capitalization, as of December 9.

Crypto Prices Today: BTC at $99K, ETH, XRP, SOL Drop

Bitcoin’s (BTC) value abruptly dipped by $2,000, moving from $101,000 down to $99,000. In response, significant altcoins mirrored this drop, decreasing by 2% to 5%. Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced a bearish trend, reporting losses of around 2% to 4%. Today’s crypto market appears to be undergoing a broader retreat, suggesting that investors are adopting a more cautious approach.

Bitcoin Price Today

At the point of this writing, the price of Bitcoin (BTC) was around $99,245, representing a 1% decrease in the last 24 hours. Its lowest and highest points within that period were $98,698 and $101,324 respectively. The total market capitalization of Bitcoin was approximately $1.96 trillion, with a trading volume of about $50 billion and a market share of 54.03%.

In connected news, Bitcoin experienced an upward trend shortly after Donald Trump’s election as U.S. President. There are rumors that the Trump administration might establish a national Bitcoin reserve. Moreover, Michael Saylor, Founder and Chairman of MicroStrategy, has joined the conversation about the proposed Bitcoin reserve, sparking considerable interest within the cryptocurrency community.

Ethereum Price Today

Today, the cost of Ethereum (ETH) was being exchanged at approximately $3,951. Its lowest point in the last 24 hours was $3,925, while its highest was $4,015. The total value of all Ethereum in circulation currently stands at around $475 billion, with a trading volume within the past 24 hours of about $24 billion. Ethereum commands a market share of roughly 13%, making it the second-largest cryptocurrency by market capitalization. As the crypto market displays robust momentum, Ethereum remains an influential figure in the market landscape.

XRP Price Today

At present, the value of XRP was being exchanged at approximately $2.489. Over the past 24 hours, it reached a low of $2.469 and peaked at $2.639. Currently, its total market value is estimated at around $142 billion. In the same period, the trading volume amounted to roughly $11 billion. XRP holds a market share of 3.91%, demonstrating its significant presence among the leading cryptocurrencies ranked by market capitalization.

Solana Price Today

Today, the value of Solana (SOL) was being exchanged at approximately $232. Its lowest point within the past 24 hours was $231, while it reached a high of $241. The total market capitalization of Solana currently stands at around $110 billion, with a trading volume over the last 24 hours amounting to approximately $3 billion. At this time, Solana ranks 5th in terms of market cap, accounting for about 3% of the entire crypto market. The price movements of Solana today were relatively stable, mirroring its consistent performance in the current market conditions.

Experts in cryptocurrency analysis anticipate that Solana may surge up to $420 over the approaching holiday period. This estimation is derived from projected higher demand for the digital asset, along with a favorable market outlook toward the token.

Meme Crypto Prices Today

Popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have followed the overall market trend and experienced a drop. DOGE decreased by 2%, currently trading at approximately $0.45, while SHIB fell by 4% to around $0.00003131. Other well-known meme coins like Bonk (BONK) and Wagmi-Inu (WIF) suffered losses between 4% and 6%. In contrast, PEPE was the exception, rising by 4%, now trading at approximately $0.00002684.

Good news for Shiba Inu enthusiasts: The layer-2 scaling solution for Shiba Inu, known as Shibarium, has achieved an impressive milestone by surpassing 2 million wallets, just 16 months following its debut. Meanwhile, the cryptocurrency market today showed a diverse picture in terms of meme coins, with some coins witnessing modest gains while others faced ongoing drops.

Top Crypto Gainer Prices Today

Chainlink

In the previous 24 hours, Chainlink (LINK) saw a significant boost, rising by approximately 8%. The current trading price is at $26.82, with its lowest point being $24.71 and the highest reaching $27.22. Boasting a market cap of around $17 billion, Chainlink continues to be one of the major players in the cryptocurrency market, demonstrating robust performance over time.

Mantle

The current MAN stock was transacted at $1.20, representing a 5% increase over the past 24 hours. Its lowest and highest prices within this period were $1.16 and $1.34 respectively. Currently, the total market value of all outstanding shares is approximately $4 billion.

Pepe

Today, the value of PEPE increased by 4%. At present, it’s being traded at approximately $0.0000266. The highest price it reached in the past 24 hours was $0.00002746. Currently, its total market capitalization is estimated to be around $11 billion.

Top Crypto Loser Prices Today

Peanut the Squirrel

In the past 24 hours, Peanut the Squirrel (PNUT) has dropped by 12%, currently valued at $1.39 per unit. Its total market value amounts to a staggering $1.38 billion. Amongst the leading cryptocurrencies, PNUT has shown the poorest performance today.

EOS

Currently, EOS (EOS) is being traded at approximately $1.26, marking a decrease of around 7% in the last 24 hours. The lowest it reached during this period was $1.25, while its highest point was $1.34. At the moment, its total market capitalization stands at about $1.9 billion.

Jupiter

The current price of Jupiter (symbol: JUP) stands at $1.29, representing a decrease of 6% compared to the previous 24 hours. Its highest point within that period reached $1.38. With a market capitalization of $1.75 billion, it is one of the three digital currencies with the most significant price drop today.

The one-hour graph suggests a bearish trend for the crypto market, as significant altcoins have dropped over the past hour. Bitcoin (BTC) decreased by around 1%, while macro altcoins experienced declines ranging from 0.5% to 2%. Today’s crypto prices demonstrate a negative momentum in the market, hinting at temporary stress on the leading cryptocurrencies.

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2024-12-09 07:00