Cryptocurrency Prices Today Dec 21: BTC Hits $97K, HYPE and VIRTUAL Gain 25%

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As a seasoned analyst with over two decades of experience in financial markets, I must say that today’s cryptocurrency market dynamics are reminiscent of the tech boom and bust cycles I witnessed in the late 90s. The rapid surge and subsequent dip of Hyperliquid (HYPE) mirrors the meteoric rise and fall of Pets.com, while the steady growth of Solana (SOL) brings to mind the resilience of Amazon during those tumultuous times.

As a researcher examining the cryptocurrency market today, I’m noticing a surge in optimistic trends. Bitcoin (BTC), after dipping to $92K, has bounced back above $97K, demonstrating robust resilience. Similarly, significant altcoins such as Ethereum (ETH) and XRP have also registered gains, mirroring a favorable market outlook.

In the past day, Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) have stood out as significant gainers, each experiencing a 25% price jump. The spike in Hyperliquid’s price can be linked to Bitget’s announcement of including its token on their exchange platform. On the other hand, Virtual Protocol’s rise is associated with the unveiling of their GAME Software Development Kit (SDK).

In just the past day, the worldwide cryptocurrency market has seen a rise and now stands at around $3.38 trillion, marking a roughly 0.5% increase. Moreover, trading volume experienced a 10% jump, reaching an impressive $301 billion, indicating heightened market activity.

Cryptocurrency Prices Today: BTC Above $97K, ETH, XRP, SOL Gain

Today, cryptocurrency values demonstrate an uptrend, as Bitcoin (BTC) surpasses $97K in trading, and leading altcoins such as Ethereum (ETH), XRP, and Solana (SOL) are all experiencing growth. Even meme coins like Dogecoin and Shiba Inu indicate a rebound following their recent losses.

Bitcoin Price Today

Currently, the value of one Bitcoin (BTC) is hovering around $97,412, marking a 1% rise over the past 24 hours. During this period, its price fluctuated between $92,210 (the lowest point) and $98,136 (the highest). The total market capitalization of Bitcoin is now estimated at approximately $1.93 trillion, with a trading volume of roughly $100 billion over the last day. Additionally, Bitcoin’s dominance in the crypto market stands at 56.83%.

As per SoSo Value’s report, Bitcoin ETFs saw a withdrawal of approximately $204 million, making it the second day in a row with outflows after a prolonged period. Moreover, Ark and 21Shares reported outflows totaling $87 million, while Fidelity recorded $71 million in withdrawals. Unfortunately, we’re yet to receive data on Bitcoin ETF activity from BlackRock.

Additionally, it’s worth mentioning that Michael Saylor presented an innovative concept showing potential for the United States to accumulate $81 trillion through the creation of a Strategic Bitcoin Reserves system. This idea has ignited conversations about utilizing Bitcoin in strategic financial planning at a national level.

Ethereum Price Today

As a researcher studying the cryptocurrency market, I’ve observed that the price of Ethereum (ETH) has risen by 1% over the past 24 hours, reaching $3,466 at this moment. The lowest point it reached during this period was $3,099, while its highest point was $3,497. This activity has boosted Ethereum’s market capitalization to a staggering $417 billion, with a trading volume of approximately $62 billion and a dominance of 12.32% in the overall cryptocurrency market.

ETH ETFs saw an inflow of $28 million, with Fidelity purchasing $13 million worth of ETFs. Grayscale followed closely, buying $15 million in ETFs, while data from BlackRock is still awaited, which could influence cryptocurrency prices today.

Meanwhile, it’s been reported that Donald Trump’s World Liberty Financial Group might have bought more Ethereum (ETH) when prices dipped recently. This action suggests increasing institutional involvement with Ethereum, even amidst the unpredictable fluctuations in the crypto market.

XRP Price Today

Today, the value of XRP stood at approximately $2.31, marking a 0.5% rise in the past 24 hours. The day’s lowest and highest prices were recorded at $1.97 and $2.338 respectively. In terms of market capitalization, XRP currently stands at around $130 billion, with a trading volume of roughly $26 billion. It continues to be the fourth largest cryptocurrency by market cap, accounting for 3.86% of the total crypto market.

Additionally, it’s worth mentioning that Ripple, the organization behind the digital asset XRP, has announced a $5 million donation in XRP tokens towards President-elect Donald Trump’s inauguration. This action underscores Ripple’s strategic goals and its dedication to cultivating worldwide collaborations.

Solana Price Today

Currently, Solana (SOL) is being exchanged at around $193. Over the past 24 hours, its lowest point was $175, while it peaked at $197. The current market capitalization of SOL stands at approximately $92 billion, with a trading volume of about $9 billion within the last day. Notably, Glassnode, a popular crypto analytics platform, has detected substantial movement of capital within Solana assets, suggesting increased investor activity and growing interest in the Solana network.

Meme Cryptocurrency Prices Today

Just like the significant altcoins, meme coins have joined the trend, with Dogecoin (DOGE) gaining 1%, currently valued at $0.32. In a similar vein, Shiba Inu (SHIB) also rose by roughly 1%, trading at $0.00002259. Notable meme coins such as PEPE, BONK, and WIF experienced growth of between 2% and 11% over the past day, reflecting a positive surge in the meme coin market, as cryptocurrency prices today exhibit encouraging momentum.

Top Cryptocurrency Gainer Prices Today

Hyperliquid

As a researcher, I’m excited to share that the value of Hyperliquid (HYPE) has significantly increased by 25% in the past 24 hours, currently standing at $31.97. The price fluctuated between a low of $22.96 and a high of $32.23 during this period. Today’s cryptocurrency market dynamics have placed HYPE’s market capitalization at a substantial $8.69 billion, with a trading volume of impressive $583 million over the same duration.

Virtual Protocol

Today, the value of Virtual Protocol increased by 25%, reaching a price of $2.734. Over the past 24 hours, its lowest point was $2.03, while its highest point was $2.842. The total market capitalization currently stands at approximately $2.73 billion.

Ethena

The cost of Ethena (ENA) increased by 16% and is currently at $1.16. Its lowest and highest prices over the last 24 hours were $0.85 and $1.224, respectively. In other developments, Ethena Labs has teamed up with WLFI, endorsed by Trump, to enhance stablecoin liquidity and rewards by incorporating sUSDe as a key collateral on Aave.

Top Cryptocurrency Loser Prices Today

Aptos (APT)

Today, Aptos (APT) experienced a significant setback, plummeting by 13% over the past 24 hours. Currently, it’s being traded at $10.23. Over the same period, its lowest and highest prices were recorded as $9.90 and $11.77 respectively. This steep decline can be linked to the departure of Mo Shaikh, the co-founder and CEO of Aptos Labs, which has sparked apprehension among the community.

Hedera

Today, Hedera (HBAR) took the second spot for the day’s poorest performers, experiencing a 4% decrease in price, currently trading at $0.2688. Its lowest and highest points within the past 24 hours were $0.23 and $0.28 respectively. With a market cap of $10 billion, it’s worth noting that Hedera is maintaining a significant presence. In other developments, the Hedera Foundation has appointed Charles Adkins as its new CEO, taking office on January 1, 2025.

In addition, the one-hour graph indicates a revival in the cryptocurrency market following yesterday’s sudden drop. Both Bitcoin (BTC) and significant alternative coins are displaying a rising trend, suggesting an upward price movement for cryptocurrencies today.

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2024-12-21 07:10