Cryptocurrency Prices Today Dec 11: BTC at $98K, XDC Jumps 20%, ONDO Up 18%

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As someone who has been closely following and trading cryptocurrencies for over a decade now, I can confidently say that today’s market is showing a mix of stability and volatility. The bullish momentum seen on the hourly chart, coupled with the strong performance of meme coins like Dogecoin and Shiba Inu, suggests a positive outlook.

Today’s Cryptocurrency Overview for December 11: The digital currency markets have exhibited a blend of movements over the last day. Bitcoin fluctuated between approximately $93,000 and $98,000, maintaining its position. Ethereum dipped slightly below $3,500. On the other hand, XRP slipped beneath the $2 mark initially but experienced a 6% growth in the last 24 hours.

On December 11, XDC Network led the way with a 20% surge, while ONDO followed closely with an 18% increase, indicating robust performance. The total market capitalization experienced a slight decrease of about 1%, now standing at $3.4 trillion. Trading volume saw a drop of 7%, currently sitting at $305 billion. Let’s explore further the price fluctuations and trends among the leading cryptocurrencies from December 11.

Cryptocurrency Prices Today: BTC Holds Steady, ETH Dip 2%, XRP Soars 6%

Following a dip in the market on Monday that took BTC down to around $94,000, cryptocurrency values have shown promising signs of rebound today. Currently, Bitcoin is being traded above $97,000. Ethereum experienced a 2% decrease, while other notable coins such as BNB and SOL saw declines ranging from 1% to 2%.

Bitcoin Price Today

The cost of a single Bitcoin (BTC) was being exchanged at approximately $97,198, reaching a high of $98,210 and dipping down to $94,263. The total value of all existing Bitcoins was estimated at around $1.92 trillion, with a trading volume of $104 billion. Bitcoin’s market dominance rebounded to 55.90%, indicating its robust position within the crypto market.

Today’s cryptocurrency prices show heightened institutional involvement, pointing towards growing investor curiosity. According to SoSo Value, there was a daily investment of $143 million into Bitcoin ETFs, while we await data from BlackRock. Fidelity has been identified as a major buyer with an inflow of $210 million. On the other hand, Grayscale’s GBTC recorded sales worth $62 million, indicating differing investor attitudes.

It’s also worth mentioning that MicroStrategy might be looking to join the prestigious Nasdaq 100 index. This step suggests a robust market presence and increasing acknowledgment within the wider financial community.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,663, marking a 1% decline in the last 24 hours. Its 24-hour low and high were $3,518 and $3,772, respectively. The market cap stood at $440 billion, with a trading volume of $55 billion. Ethereum maintained a market dominance of 12.80%, securing its position as the second-largest cryptocurrency by market cap.

Today’s cryptocurrency market trends indicate substantial investment in Ethereum Exchange-Traded Funds (ETFs). Specifically, these ETH ETFs have received a total of approximately $224 million, with an estimated $202 million coming from Fidelity. As for BlackRock’s data, it is yet to be disclosed.

Moving forward, David Solomon, Goldman Sachs CEO, has outlined intentions to broaden the company’s reach into the markets for Bitcoin and Ethereum, provided that regulatory frameworks shift accordingly. Solomon underlined that, due to its regulated status as a banking institution, Goldman Sachs cannot yet purchase or sell Bitcoin or any other digital currencies directly.

XRP Price Today

The price of XRP was at approximately $2.30, marking a 6% increase over the past day. The range for its 24-hour movement was between $1.91 (its lowest point) and $2.40 (its highest point). With a market capitalization of around $13 billion and a trading volume of roughly $26 billion, it has been actively traded over the same period.

Today’s cryptocurrency prices show increased whale activity in the XRP market, as reported by CryptoQuant. Over the past month, XRP whales have moved approximately 2.66 billion XRP to Binance, a transfer volume not seen since April 2024. This significant movement caught the attention of analyst J.A. Maartun, suggesting that the market dynamics are shifting substantially.

Solana Price Today

In the past day, Solana’s (SOL) price climbed by 4%, reaching a value of approximately $218. Its lowest point in this period was $203, while its highest was $219. The total market capitalization stands at around $103 billion, with trading volume amounting to about $8.23 billion over the last 24 hours.

Today’s fluctuations in cryptocurrency prices have sparked optimism about Solana. Bitwise anticipates that Solana, alongside Bitcoin and Ethereum, will hit fresh record highs by 2025. This forecast underscores the increasing faith in the long-term promise of these significant digital currencies.

Meme Cryptocurrency Prices Today

As a researcher, I’m noticing an optimistic surge in the meme coin market today. Specifically, Dogecoin (DOGE) has risen by about 1% and is now trading at roughly $0.39. On the other hand, Shiba Inu (SHIB) is experiencing a significant boost of over 6%, with its current price standing at around $0.00002711.

In simpler terms, popular meme coins such as PEPE, BONK, and WIF have experienced a minor decrease, around 2%, within the last 24 hours. However, the general outlook for the meme coin market remains positive, with an upward trend being observed overall.

Top Cryptocurrency Gainer Prices Today

XDC Network

Over the past day, the price of XDC experienced a significant jump of approximately 20%, placing it at the top of today’s gainers. At present, it is being traded at around $0.092. The lowest point in the last 24 hours was $0.07722, while the highest was $0.093. This impressive rise suggests robust market attention and growth within the XDC network.

Ondo

Today, the value of cryptocurrencies displayed robust movement, with ONDO’s price reaching $1.66 – a 18% surge compared to the previous 24 hours. The day’s lowest ONDO price was at $1.40. With a total market capitalization of $2.32 billion and a trading volume of $733 million, it ranked as the second-largest gainer today, signaling significant expansion in the market.

Bitget Token

The price of Bitget Token (BGN) is currently at approximately $2.92, marking a 17% increase over the past 24 hours. The lowest it dropped during this period was $2.40. With a market capitalization of around $4.1 billion and a trading volume of $325 million, this impressive surge suggests robust growth in Bitget Token’s market standing.

Top Cryptocurrency Loser Prices Today

Movement

Over the past 24 hours, Movement (MOVE) has been the biggest loser, plummeting by an enormous 311%, currently priced at $0.6862. Earlier today, its price reached as high as $1.44, boasting a market capitalization of $1.55 billion and a massive trading volume of $5.366 billion. The cryptocurrency market today shows signs of this significant drop, with MOVE standing out as a remarkable exception in an otherwise steady market scenario.

Aerodrome Finance

The AERO token was currently being exchanged at around $1.86, marking a 9% decrease. Earlier, it had reached a peak of $2.021 for the past 24 hours. Its total market value stood at approximately $1.32 billion, and the volume of trades amounted to $106 million. Today’s cryptocurrency market trends suggest this dip in price.

Ethena

The cost of ENA decreased by 6%, currently being sold for $0.9087. Its lowest and highest points within the last 24 hours were $0.85 and $1.0183 respectively, demonstrating the current volatility in its price fluctuations.

In addition, cryptocurrency values are currently showing an uptrend on the hourly chart, with big names such as Bitcoin and leading alternative coins increasing by 1% to 2% over the past hour. This upward trend indicates a potential short-term rebound, suggesting that the market is demonstrating resilience.

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2024-12-11 07:18