Cryptocurrency Market Today Dec 13: BTC at $99K, AAVE and LINK Gain 20%

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As a seasoned researcher with years of experience in the tumultuous world of cryptocurrencies, I find myself constantly amazed by the ever-evolving landscape of this fascinating market. Today’s report offers a captivating mix of growth and decline, with Bitcoin (BTC) showing resilience while Ethereum (ETH) is dethroned by Solana in terms of developer interest. The news of Trump Family Office World Liberty adding AAVE, ETH, and LINK to their portfolio is certainly intriguing, hinting at growing institutional interest in these cryptocurrencies.

Currently, the cryptocurrency market is stable, with Bitcoin (BTC) and many leading altcoins experiencing modest increases of around 1% to 2% over the past day. Bitcoin’s price has fluctuated within a certain range, whereas Ethereum (ETH) has risen by 1%. Notably, Aave (AAVE) and Chainlink (LINK) have stood out as the top performers today, skyrocketing approximately 20% following news that the Trump family’s crypto project, World Liberty, may have purchased substantial amounts of ETH, AAVE, and LINK.

The global cryptocurrency market cap fell by 0.5%, now at $3.58 trillion. However, overall trading volume grew by 2%, now at $212 billion. Meanwhile, the Fear and Greed Index indicated a score of 78, reflecting strong market greed. Here’s a closer look at some top cryptocurrencies by market cap and their prices today, December 13.

Cryptocurrency Market Today: BTC, XRP, and SOL Decline; ETH Up 2%

The value of Bitcoin (BTC) stayed close to its current level but dropped a bit, while both Ripple (XRP) and Solana (SOL) also experienced minor decreases. However, Ethereum (ETH) managed to grow by 2%, showing strength even as the market experienced ups and downs.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $99,664, down 2% over the last 24 hours. Its 24-hour low and high ranged between $99,210 and $102,501, reflecting minor volatility. The market cap of Bitcoin stood at $1.97 trillion, with a trading volume of $71 billion in the same period.

As reported by Farside Investor, a substantial amount of $165 million flowed into Bitcoin, indicating that institutional interest in the cryptocurrency remains strong. Among major investors, Grayscale invested $110 million, while Bitwise and Fidelity contributed around $61 million and $30 million respectively towards this influx. However, the data from BlackRock’s potential Bitcoin ETF is eagerly awaited, fueling market speculation and adding excitement to the cryptocurrency scene.

Recently, it came to light that Nano Labs Ltd, a Chinese firm specializing in integrated circuit design, publicly announced their ownership of Bitcoins. This disclosure underscores the increasing trend of cryptocurrency acceptance within technological companies.

Ethereum Price Today

As an analyst, I observed that my personal Ethereum (ETH) holdings were trading at approximately $3,908 in the last 24 hours, reflecting a minor 1% growth. The price range within this timeframe fluctuated moderately, with the lowest point being $3,836 and the highest reaching $3,986. In terms of market metrics, Ethereum’s market capitalization stood at an impressive $471 billion, while its trading volume for the same period reached a substantial $43 billion.

On Thursday, the Ethereum ETF received substantial investments totaling $71 million. Out of this amount, Grayscale contributed approximately $51 million, and Fidelity contributed around $19 million. The market remains eager for information regarding BlackRock’s Ethereum ETF, which is yet to be announced.

XRP Price Today

The current price of XRP was at about $2.34, showing a 1% drop over the past day. Its price moved between $2.313 (low) and $2.481 (high), demonstrating some volatility but not extreme fluctuations. At this moment, XRP’s market capitalization is approximately $134 billion, with a trading volume of around $11 billion. Despite the recent decrease, XRP remains in fourth place among cryptocurrencies by market cap within the crypto market today.

Meanwhile, it’s worth noting that Ripple recently produced approximately $13 million worth of RLUSD, signaling its impending release. This action represents a substantial stride as Ripple broadens its product line and readies itself for increased usage of its stablecoin within the cryptocurrency market.

Solana Price Today

As an analyst, I’m observing that my personal investment in Solana (SOL) has dipped by around 1%, currently valued at approximately $227. The price fluctuations over the past 24 hours have been relatively stable, with a low of $224 and a high of $234, indicating a moderate level of volatility.

This year, Solana has overtaken Ethereum as the preferred platform for new developers, ending Ethereum’s eight-year run as the leading ecosystem. This change underscores Solana’s rising influence and attractiveness among developers, marking a noteworthy achievement in the blockchain sector.

Meme Cryptocurrency Market Today

Currently, popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have displayed a bearish pattern. Specifically, DOGE has dropped by 2.47%, currently valued at $0.40. Similarly, SHIB experienced a 5% drop, now trading at $0.00002805. Other significant meme coins like PEPE, BONK, and WIF have seen decreases between 7% to 8%, mirroring the broader decline within this sector of the cryptocurrency market today.

Top Crypto Gainers Prices Today

Aave

1) The current Aave (AAVE) price stood at approximately $371, representing a substantial 20% rise over the past 24 hours. During this period, its price fluctuated between $341 (lowest point) and $385 (highest point), indicating robust market activity. Moreover, it was announced that Trump Family Office World Liberty has incorporated AAVE, Ethereum (ETH), and Chainlink (LINK) into their investment portfolio, which suggests a surge in institutional interest towards these digital currencies.

Chainlink

The price of Chainlink (LINK) was currently at around $29, marking a 20% surge over the past 24 hours, placing it among the top performers in the cryptocurrency sector today. Over the same period, its lowest and highest prices were recorded at $26.89 and $30.80 respectively. Despite market-wide turbulence, LINK’s impressive performance is evident with a market capitalization of $18 billion and a trading volume of approximately $4 billion.

Lido DAO

As a crypto investor, I observed that just yesterday, the LDO token was trading at approximately $2.20 – a substantial 18% rise from its price 24 hours prior. Throughout this day, the price fluctuated quite dramatically, with the low dipping down to around $1.99 and peaking at $2.37, highlighting some significant movement in the market over the past 24 hours.

Top Crypto Losers Prices Today

Movement

Today, the MOVE price stood at $0.64, leading as the largest drop among all stocks. It experienced a decrease of 10%, with its lowest and highest points within the last 24 hours being $0.61 and $0.71 respectively, demonstrating a significant fall in its worth.

Bittensor

Today, TAO‘s price saw one of the second largest declines, falling approximately 9% over the past 24 hours. At present, it is being traded at around $579. Within the same timeframe, its price fluctuated significantly, reaching a low of $568 and a high of $638. This indicates a high level of price volatility for TAO over the past day.

Algorand

Today, ALGO‘s value was at around $0.42, representing an 8% decrease over the past 24 hours in the current cryptocurrency market. The price fluctuated within a range of $0.41 (lowest point) and $0.47 (highest point), indicating some volatility during this timeframe.

Today’s hourly chart in the cryptocurrency market presents a blend of responses. At this moment, Bitcoin (BTC) is experiencing an uptrend, rising over the past hour. In contrast, significant altcoins are currently demonstrating declines during the same timeframe, indicating a downward trend for them. This fluctuation underscores the volatile nature of the cryptocurrency market today.

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2024-12-13 07:22