Crypto Prices Today December 22: BTC Below $97K, SOL Drops 7%, WIF Falls 13%

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As a seasoned cryptocurrency investor with years of market experience under my belt, I find myself navigating through yet another volatile day in the crypto sphere. The bearish momentum sweeping across the market today is undeniable, with Bitcoin dropping below the $97K level and key altcoins following suit.

Currently, the trend in cryptocurrency prices is leaning towards a bearish phase. Bitcoin (BTC), after reaching an all-time high of $108K earlier this week, has dipped below $97K, indicating a substantial drop. The BTC price plunged to a low of $92K, showing considerable volatility. In tandem with this downtrend, Ethereum (ETH) decreased by 4%, while Solana (SOL) saw a 7% decrease over the last 24 hours. Interestingly, dogwifhad (WIF) experienced the most significant decline, dropping by 13% within the same timeframe.

The global crypto market capitalization fell by approximately 2%, now at $3.34 trillion. Trading volume also dropped significantly and down by 44% to $170 billion. The Fear and Greed Index currently reads 59, indicating a neutral market sentiment despite the recent declines.

Crypto Prices Today: BTC Slumps, ETH, SOL, and XRP See Significant Declines

This week, the price of Bitcoin dipped significantly and went below $97,000. XRP experienced a 3% drop, while Solana (SOL) suffered the most among the top 10 coins. On the other hand, meme coins mirrored Bitcoin’s downward trend with losses between 3% and 5%.

Bitcoin Price Today

As a researcher, I’ve just observed that the current BTC price stands at around $96,760, marking a decrease of roughly 1% in the past 24 hours. The price range over the same period was quite dynamic, with the lowest point being $96,457 and the highest reaching $99,538. The total market capitalization for Bitcoin currently hovers at approximately $1.91 trillion, with a daily trading volume of about $50 billion. Interestingly, Bitcoin’s market dominance is presently at 57.60%. Despite this recent downturn, Bitcoin ETFs have seen an inflow of around $449 million this week, as reported by SoSo Value.

In a notable advancement, Senator Cynthia Lummis revealed that the U.S. intends to keep a strategic Bitcoin stockpile for at least two decades as part of an initiative to lessen the national debt burden. This decision could bring about far-reaching consequences for the market and Bitcoin’s position in international finance.

Ethereum Price Today

ETH price was trading at $3,321, marking a 4% drop in the last 24 hours. Its 24-hour low and high were $3,294 and $3,554, respectively. The market capitalization stands at $400 billion, with $30 billion in trading volume. Ethereum ETFs saw an inflow of $62 million over the past week. Crypto analyst Justin Bennett has also shared insights on how low Ethereum’s price could go by the end of December.

XRP Price Today

1) The current price of XRP was at approximately $2.20, marking a decrease of 3% over the past 24 hours. Its lowest and highest points during this period were $2.10 and $2.38 respectively. The total market value of XRP is currently estimated at around $126 billion, with a trading volume of about $14 billion. Additionally, there has been a transfer of 90 million XRP coins to an unidentified wallet, sparking intrigue among crypto enthusiasts.

Solana Price Today

The price of Solana (SOL) was currently at $182, representing a 7% decrease over the past 24 hours. Its lowest and highest points during this period were $178 and $201 respectively. The total market capitalization of Solana is now $86 billion, with approximately $5 billion worth of SOL being traded. Due to its substantial drop, Solana is among the poorly performing cryptocurrencies in the top 10 list. On a positive note, a large Solana holder (whale) has amassed 1.7 million SOL following the recent market decline.

Meme Crypto Prices Today

Today, meme tokens demonstrated a bearish trend in cryptocurrency prices. Dogecoin (DOGE) decreased by around 3%, currently trading at $0.3179. Simultaneously, Shiba Inu (SHIB) declined by 4% to $0.00002166. Crypto expert “Dollars Maker” suggested a possible 235% increase for SHIB, predicting it could reach $0.00005816. Other popular meme coins like PEPE, BONK, and WIF experienced drops ranging from 3% to 12%, mirroring the overall crypto market’s downward trend over the past 24 hours.

Top Crypto Gainer Prices Today

Hyperliquid

Today, the price of Hyperliquid (HYPE) took the lead, increasing by 8% over the past 24 hours. At present, it’s being traded at $34.67, with its price range in that period being between $30 and $35. In just three weeks since its launch, Hyperliquid token has hit another significant milestone: the current HYPE price soared to $34.71, boosting its market capitalization to an impressive $10 billion.

Top Crypto Loser Prices Today

dogwifhat

Today saw Dog-with-hat (WIF) token as the poorest performer among cryptocurrencies, with a 13% decrease in price. Initially trading at $1.88, it reached a low of $1.80 and a high of $2.24 within the last 24 hours. The current market capitalization is approximately $1.88 billion, indicating a substantial drop in its value over this period.

Ethena

Today, the price of Ethena (ENA) decreased by 11% in the crypto market, currently being traded at $1.02. Its lowest and highest points within the last 24 hours were $0.99 and $1.21 respectively. The current market capitalization is $3 billion, with a trading volume of approximately $820 million, suggesting a substantial decrease in its worth. In relevant updates, Arthur Hayes has offloaded his ENA tokens, fueling more market conjecture.

Furthermore, the one-hour chart presents a bearish trend, as Bitcoin (BTC), along with significant cryptos such as Ethereum (ETH) and Ripple (XRP), have dipped by about 0.5% in the last hour. This decline aligns with the downward trend in crypto prices observed today.

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2024-12-22 06:58