Crypto Prices Today December 20: BTC at $97K, MOVE Gains 30%, ZEREBRO Rises 56%

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As someone who has been closely following the cryptocurrency market for several years now, I must say that today’s market trends are a bit of a rollercoaster ride. While it’s exciting to see new coins like Zerebro and Movement gaining significant momentum, it’s also concerning to see established players like Lido DAO and Ethena experiencing losses.

Today’s crypto market is experiencing a bearish trend, with Bitcoin (BTC) dipping below $96,000. This downturn has also led to outflows for Bitcoin and Ethereum (ETH) ETFs, which had been enjoying a prolonged period of growth. Notable altcoins such as Ethereum (ETH) and Solana (SOL) have dropped by 3% to 5%. However, amidst this market decline, Movement (MOVE) and ZEREBRO have stood out as the top performers, with MOVE experiencing a significant increase of 30%, while ZEREBRO has surged by an impressive 56% in the last 24 hours.

Worldwide cryptocurrency markets took a 2% drop, landing at about $3.34 trillion, but trading activity rose by 3.42% to reach $280 billion. The fear and greed index stays steady at 62, indicating ongoing enthusiasm in the market.

Below is a quick summary of prominent digital currencies ranked by market capitalization, along with their current prices as of December 20th.

Crypto Prices Today: BTC Falls Below $98K, ETH, and SOL Drop, XRP Rises

Bitcoin (BTC) dipped below $98,000, indicating a change to a bearish trend within the market. Simultaneously, Ethereum (ETH) and Solana (SOL) experienced drops, while XRP displayed a slight increase. Financial experts anticipate that the downward trend for Bitcoin might persist in the near future due to profit-taking and general market unrest.

Bitcoin Price Today

The cost of Bitcoin (BTC) was currently around $97,617, representing a 3% drop over the previous 24 hours. During this period, the highest BTC traded for $102,849, while its lowest was $95,671. The total value of all Bitcoins in circulation was approximately $1.93 trillion, with a trading volume of about $94 billion over the last day. Bitcoin’s market dominance was measured at 57.17%.

Based on SoSo Value’s reports, there has been a substantial withdrawal of funds from Bitcoin ETFs. Specifically, SoSo Value itself recorded a withdrawal of about $671 million. Fidelity also experienced withdrawals amounting to $208 million, while Grayscale reported outflows totaling $275 million. Ark and 21Shares combined have reported outflows worth approximately $108 million. BlackRock’s data regarding these ETFs is yet to be disclosed.

Moving forward, significant news: The U.S. Securities and Exchange Commission has given the green light for Franklin Templeton and Hashdex to trade their crypto ETFs on Nasdaq and Cboe BZX. This endorsement could strengthen Bitcoin and Ethereum’s presence within traditional financial systems.

Ethereum Price Today

The current price of Ethereum (ETH) is around $3,441, representing a 6% decrease over the past 24 hours. In that same period, its highest and lowest points were $3,721 and $3,334 respectively. Today’s crypto market activity values ETH’s market capitalization at approximately $413 billion, with a trading volume of around $57 billion.

On Thursday, there were withdrawals of approximately $60 million from Ethereum-based Exchange Traded Funds (ETFs), as Grayscale sold off ETFs valued at $61 million. Fidelity invested a smaller amount of $5 million, but BlackRock’s ETF data has yet to be released. This trend mirrors the downward price movement in the crypto market today.

In related news, the cryptocurrency sector experienced a substantial withdrawal of funds to the tune of about $1.19 billion. Notably, Bitcoin, Ethereum, and Ripple (XRP) were the main contributors to these losses, underscoring the persistent fluctuations within the crypto market.

XRP Price Today

Currently, the value of XRP is being exchanged at approximately $2.33, showing a 1% increase in the past 24 hours. In this period, its highest and lowest points were $2.42 and $2.17 respectively. As we observe the crypto market today, XRP’s market capitalization stands at around $133 billion, with a trading volume of approximately $21 billion. This places it as the fourth largest cryptocurrency in terms of market cap.

Meanwhile, it’s worth noting that the RLUSD stablecoin made its debut on December 17, sparking heightened market action. But since its launch, XRP has taken a significant dip, plummeting more than 15%. This underscores the continued volatility in the crypto market, even with a minor uptick in crypto prices today.

Solana Price Today

Currently, the price of Solana (SOL) stands at approximately $197, representing a 5% drop over the past 24 hours. Its highest and lowest points during this period were $212 and $188 respectively. The market value of SOL today is estimated at around $94 billion, with a trading volume of about $7.55 billion.

Recently, it’s been noteworthy that Solana’s humorous token, FunToken, has experienced a significant boost, increasing by an astounding 500% over the past eleven days. This extraordinary rise indicates a growing fascination with meme coins within the cryptocurrency world, despite the fact that established cryptocurrencies such as SOL are currently undergoing negative trends.

Meme Crypto Prices Today

Meme cryptocurrencies have also witnessed bearish momentum, reflecting the broader market trend. Top meme coin Dogecoin (DOGE) dropped by 10% and was trading at $0.32. Shiba Inu (SHIB) followed suit, declining by 8% to $0.00002232.

In simpler terms, some popular meme tokens like PEPE, BONK, and WIF have dropped between 3% and 9% in value. This price decline is happening across the board for meme coins as well as major digital currencies, suggesting a general market stress within the crypto space today.

Top Crypto Gainer Prices Today

Zerebro

The price of Zerebro (ZEREBRO) skyrocketed by an impressive 56% and is currently being traded at $0.43. Its lowest and highest prices within the past 24 hours were $0.2654 and $0.4584 respectively. Today’s cryptocurrency market values place Zerebro’s total worth at approximately $427 million, with a trading volume of around $114 million, demonstrating its remarkable performance over the past day.

Movement

The cost of MOVE has increased by 30% and is currently being exchanged at $0.86, positioning it as the second-best performer for today. Over the past 24 hours, its lowest and highest values were recorded at $0.69 and $0.87 respectively, indicating a robust upward trend during this period.

Flare

The cost of Flare (FLR) has climbed up by 7%, currently being exchanged at around $0.028. Its total value is now estimated at $1.56 billion, indicating a significant trading volume of approximately $26 million. This suggests that there’s been a positive trend in the market.

Top Crypto Loser Prices Today

Pudgy Penguins

Today saw a significant drop for Pudgy Penguins (PENGU), with its price falling by 14%. Currently, it’s trading at around $0.028, having reached a low of $0.026 and a high of $0.034 over the past 24 hours. Despite this downturn, crypto experts remain hopeful, suggesting that PENGU could soon regain its $10 billion market cap.

Lido DAO

The price of Lido DAO (LDO) has decreased by approximately 12% and is currently being exchanged at $1.625. In the past 24 hours, its lowest and highest points were $1.54 and $1.853 respectively, indicating a noticeable drop in value during this period. Today’s crypto market trends suggest that LDO is facing challenges due to broader market pressures.

Ethena

The price of Ethena (ENA) has decreased by 11% and is currently being traded at $0.99. Over the past 24 hours, its lowest and highest prices were $0.93 and $1.195 respectively. Today’s crypto market conditions reveal that ENA’s market capitalization stands at approximately $2.91 billion, with a trading volume of about $1 billion.

Meanwhile, it’s worth noting that Ethena Labs is teaming up with World Liberty Financial – a venture associated with Donald Trump – potentially leading to advancements for their project down the line.

Additionally, the one-hour graph indicates a bearish trend for Bitcoin (BTC), which has dropped by 0.5% within the past hour. Similar patterns are observed in significant altcoins such as Ethereum (ETH) and XRP, both of which have dipped by 1% over the same period. This aligns with the broader downward trend in cryptocurrency prices today.

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2024-12-20 07:08