Crypto Prices Today December 12: BTC at $101K, SUI Soars 30%, ENA Climbs 23%

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As a seasoned analyst with over two decades of experience in financial markets, I can confidently say that today’s crypto market is showing remarkable strength and resilience. The bullish momentum we are witnessing, with Bitcoin surpassing $100K, is not just a simple price surge but a testament to the growing acceptance and maturity of cryptocurrencies as a viable asset class.

Today’s crypto market displayed a surge in positive trends, as Bitcoin exceeded $100K. Key alternatives such as Ethereum experienced a 6% increase, while XRP and Solana saw gains between 5% to 6%. SUI took the lead with a 30% growth in the past 24 hours, closely followed by Ethena (ENA), which jumped by 23%.

As a crypto investor, I’m witnessing a 5% surge in the overall crypto market cap, pushing it up to an impressive $3.59 trillion. Yet, the 24-hour trading volume seems to have taken a dip, now standing at about $214 billion, a decrease of 31%. Interestingly, the Fear and Greed Index is reporting a reading of 80, indicating that the market is experiencing extreme greed at the moment.

Today’s quick rundown showcases the top digital currencies ranked by market capitalization along with their current pricing as of December 12th.

Crypto Prices Today: BTC Surge Above $100K, ETH, XRP, SOL Rise

The recent inflation data from the US, which came in at 2.7%, sparked optimism in financial markets, igniting a surge in the prices of Bitcoin and other cryptocurrencies. Bitcoin surpassed the $100K mark again, currently trading at $101K. Notably, significant cryptos like Ethereum (ETH), XRP, and Solana (SOL) all showed promising signs, with each experiencing modest gains over the past 24 hours. Similarly, meme coins demonstrated a bullish trend, echoing the overall positive market momentum.

Bitcoin Price Today

BTC price traded at $101,356, marking a 4% increase in the past 24 hours. Its 24-hour low and high were $97,173 and $101,872, respectively. The market cap stood at $2 trillion, with a trading volume of $81 billion and a dominance of 55.08%.

On the report from Farside Investors, it was shown that there was a total investment of approximately $223 million into Bitcoin Exchange-Traded Funds (ETFs). Among these investments, Fidelity made a contribution of $121 million, and we are still waiting for data on contributions from BlackRock.

Ethereum Price Today

The cost of Ethereum was currently at around $3,875, marking a 6% rise over the past day. Its lowest and highest points within that period were $3,647 and $3,881 respectively. Over the last seven days, ETH has experienced a growth of 17%. At present, its market capitalization is estimated at approximately $466 billion, with a trading volume of roughly $34 billion.

On Wednesday, there was a $27 million investment inflow into ETH ETFs, with BlackRock’s figures still to be reported. Meanwhile, Grayscale bought $13 million in Ethereum ETFs on the same day. Some top analysts have speculated that if a crypto-friendly Trump presidency were to occur, Bitcoin, Ethereum, and Solana prices could potentially double within the first year.

XRP Price Today

Today’s crypto market shows XRP being traded at approximately $2.418, marking a 5% increase over the past 24 hours. The lowest and highest prices within this period were $2.291 and $2.464 respectively. With a current market capitalization of around $137 billion and a trading volume of about $12 billion, XRP maintains its spot as the fourth largest cryptocurrency in terms of market cap. Notably, crypto expert Dark Defender anticipates that XRP’s price could potentially surge to around $5 in the near future.

Solana Price Today

Today’s crypto market landscape demonstrates Solana (SOL) being traded at approximately $229, marking a 6% rise over the past day. The SOL price fluctuated between a low of $217 and a high of $230 within this period. At present, Solana’s market capitalization is estimated to be around $109 billion, with a trading volume of roughly $5 billion. Moreover, excitement has been building as the Solana-themed meme coin PNUT witnessed a 35% surge after its announcement of listing on Coinbase.

Meme Crypto Prices Today

Today, meme cryptocurrencies exhibited robust upward trends, with Dogecoin (DOGE) increasing by 7%, currently trading at $0.4187, and Shiba Inu (SHIB) surging 10% to $0.00002969. Analyst Ali Martinez anticipates that DOGE could climb as high as $8 during this bull market phase. Notable meme coins such as PEPE, BONK, and WIF registered gains ranging from 11% to 15% over the past day.

Top Crypto Gainer Prices Today

Sui

The price of SUI (SUI) was currently at $4.81, marking a significant 30% rise over the past 24 hours, making it the leading growth stock for today. Its market value is estimated at a substantial $14 billion, with a daily trading volume of around $3 billion.

Ethena

The cost of Ethena (ENA) stood at $1.101, showing a significant surge of 23% in the last day. It dipped to a minimum of $0.90 within this 24-hour period, but over the past month, it has experienced an impressive climb of 80%.

Virtual Protocol

The virtual asset experienced a 21% surge, currently valued at $1.91. Its market value stands at approximately $1.94 billion, having been newly listed on the Binance platform.

Top Crypto Loser Prices Today

XDC Network

The current price of XDC coin stands at approximately $0.088, representing a 4% decrease over the past 24 hours. Today, it’s showing the poorest performance compared to other top 100 digital currencies.

In addition to this, there seems to be a bullish trend on Bitcoin’s and top altcoins’ hourly charts. Bitcoin has increased by 1% over the past 24 hours. Meanwhile, Ethereum, XRP, and Solana have risen by 2% in just one hour, suggesting a favorable movement in cryptocurrency prices today.

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2024-12-12 07:06