Crypto Prices Today December 24: BTC Touches $94K, VIRTUAL Soars 35%, ZEC Gains 20%

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As a seasoned crypto investor with over five years of experience navigating the volatile world of cryptocurrencies, I find myself intrigued by the mixed trends we’re witnessing today. The recent decline of Bitcoin to below $94,000 is somewhat concerning, but the resilience shown by altcoins like Ethereum, XRP, and Solana gives me hope for a potential recovery in the near future.

Today’s crypto market exhibited a blend of movements, as Bitcoin (BTC) hovered slightly under $94,000. After touching an unprecedented peak at $108,000 earlier this week, BTC has experienced a seven-day downturn. In contrast, major alternative coins such as Ethereum (ETH), XRP, and Solana (SOL) have displayed signs of revival, increasing by 3% to 5% over the past day.

In the past day, Virtual Protocol (VIRTUAL) experienced a significant surge, climbing an impressive 35%. Not far behind was Zcash (ZEC), which also saw a substantial rise of approximately 20%.

The global crypto market cap rose approximately 2% to $3.32 trillion, while trading volume grew by 20% to $170 billion. The Fear and Greed Index stands at 55, indicating neutral sentiment. Here’s a quick snapshot of the top cryptocurrencies by market capitalization and price movements.

Crypto Prices Today: BTC, ETH, XRP, and SOL Show Mixed Trends

In the past day, Bitcoin’s price dipped below $94,000, whereas Ethereum, XRP, and Solana experienced a growth of 3% to 5%. Simultaneously, crypto staking rewards have been declared taxable by the IRS in the midst of an ongoing legal battle concerning this decision.

Bitcoin Price Today

Currently, the cost of one Bitcoin (BTC) is approximately $93,984. Over the past 24 hours, it reached a low of $92,526 and peaked at $96,545. The total market capitalization of Bitcoin is currently around $1.86 trillion, with $62 billion worth of trading volume. Compared to yesterday, its market dominance has dipped slightly to 56.52%.

According to SoSo Value’s report, Bitcoin ETFs experienced a total withdrawal of approximately $276 million. After a significant period, BlackRock experienced an outflow of around $72 million. The largest withdrawals were recorded by Ark and 21Shares, amounting to $87 million, followed closely by Fidelity with $71 million and Grayscale with $57 million.

Michael Saylor’s MicroStrategy once again captured focus by acquiring additional Bitcoin for its holdings. In the previous week alone, the firm procured 15,350 Bitcoins at a cost of $1.5 billion, and now they have bought even more, underscoring their optimistic outlook towards Bitcoin.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,383, marking a 4% increase over the last 24 hours. Its 24-hour low and high were $3,263 and $3,466, respectively. The market cap stood at $407 billion, with $32 billion in trading volume and a market dominance of 12.35%.

yesterday, Exchange Traded Funds (ETFs) based on Ethereum experienced a varied pattern, ending the day with an overall withdrawal of about $75 million. Leading the decrease was BlackRock, which saw outflows totaling $103 million, while Grayscale and Fidelity respectively added around $15 million and $12 million to their ETFs on Monday.

Meanwhile, it’s worth noting that Ethereum’s major investors have become more engaged as its value dropped to around $3,100. Large amounts of Ether being withdrawn from Binance suggest increasing conviction among significant players about ETH’s possible surge in the future, despite the current market fluctuations.

XRP Price Today

The cost of XRP was currently at $2.23, marking a 4% rise over the past day. Its price had fluctuated between $2.141 (the lowest point) and $2.271 (the highest) during this period. With a market value of approximately $127 billion and a trading volume of around $8.99 billion, XRP maintains its position as the fourth largest cryptocurrency in terms of market capitalization. In the realm of today’s crypto prices, XRP is drawing interest from analysts who anticipate a possible 60% increase, fueled by robust whale activity, the launch of the RLUSD stablecoin, and heightened optimism surrounding potential approval for an XRP Exchange-Traded Fund (ETF).

Solana Price Today

Today, Solana’s (SOL) value increased by 5%, currently standing at $188. Its trading range over the last 24 hours was between $179 and $193. With a market capitalization of $90 billion and a daily trading volume of $4.63 billion, Solana has demonstrated strength in the market. In the recent crypto price fluctuations, large investors (whales) have added approximately $1.7 million worth of Solana to their holdings, despite a broader dip in the market. Even after hitting a monthly low of $177.21, Solana’s price trends suggest an early sign of recovery.

Meme Crypto Prices Today

Today, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have bounced back, showing a rise of around 4%. DOGE is trading at about $0.3195, while SHIB is at $0.00002219. Other notable meme coins such as BONK, PEPE, and WIF experienced increases between 2% to 4% over the past day. Notably, BONK intends to burn 1 trillion tokens in its Christmas celebration, aiming for a price of $0.11.

Top Crypto Gainer Prices Today

Virtual Protocol

In the past 24 hours, the virtual currency experienced a 35% increase in value, now being traded at $3. The day’s crypto prices demonstrate a low of $2.41 and a high of $3.135. At present, its market capitalization is approximately $3.08 billion, with a trading volume of around $368 million.

Zcash

ZEC price was trading at $64.96, reflecting a 20% increase in the last 24 hours. Crypto prices today show its 24-hour low and high at $57.80 and $68.31, respectively. The market cap stands at $1 billion, with a trading volume of $180 million.

Aave

AAVE price was up by 19%, ranking 3rd among today’s top gainers. It is trading at $377, with a 24-hour low and high of $320 and $388, respectively. The market cap is $5.68 billion, with a trading volume of $1.53 billion.

Top Crypto Loser Prices Today

BitTorrent

Today, BTT experienced the greatest price decline among its peers, falling by 2%. At the moment, it’s being traded at approximately $0.00000114. Its current market capitalization stands at a significant $1.11 billion, and in the last 24 hours, there was a trading volume of around $45 million for this cryptocurrency.

In addition to the current situation, the hourly chart indicates a surge of positive energy for Bitcoin (BTC), Ethereum (ETH), and significant altcoins, all displaying green figures. Hyperliquid (HYPE) has increased by 5% in the last hour alone. Today’s crypto prices suggest a potential recovery, as key coins exhibit optimistic movement, hinting at a shift towards growth.

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2024-12-24 06:34