Cryptocurrency Prices Today Dec 25: BTC At $98K, PENGU Soars 28%, FARTCOIN Up 72%

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As a seasoned cryptocurrency investor with years of experience navigating the volatile digital asset market, I must say that today’s market activity is quite intriguing. The surge in Fartcoin and Pudgy Penguins tokens, along with the resilience shown by Dogecoin and Shiba Inu, is a testament to the unpredictable nature of this space.

Today’s cryptocurrency values experienced an upward trend overall, boosting the global crypto market capitalization to approximately $3.44 trillion, marking a 3.50% increase. However, Christmas celebrations led to a 16% drop in total trading volume over the last 24 hours. On the sentiment front, the Crypto Fear and Greed Index remains steady at 73 today, suggesting a predominant “Greed” outlook among investors.

Today’s Bitcoin (BTC) price hovers slightly above $98,000 following a dip from the $99K mark. Key cryptocurrencies such as Ethereum (ETH), XRP, and Solana (SOL) have displayed indications of recovery after a period of profit-taking, with investors expecting a “Santa Claus rally.” Meanwhile, meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced growth of 3% and 4%, respectively, over the past day.

Today, Fartcoin, Pudgy Penguins (PENGU), and Movement (MOVE) are the top performers, with Fartcoin experiencing a staggering 70% increase over the past day. Here’s a summary of the leading cryptocurrencies based on market capitalization and price fluctuations.

Cryptocurrency Prices Today: BTC, ETH, XRP, & Other Altcoins Rebound

Today saw modest price increases across the cryptocurrency market, led by Bitcoin (BTC) and Ethereum (ETH), which surged over 4% and 3% respectively. This uptick has sparked optimistic feelings among investors, igniting a rebound in the broader market as anticipation builds for a potential ‘Santa Claus Rally’.

Bitcoin Price Today

Today, Bitcoin’s price reached an all-time high of $99,404 before trading slightly lower at around $98,200. This represents a surge of more than 4% as it bounced back from a 24-hour low of $93,689. The trading volume has decreased by about 25%, going down to $44 billion compared to an average of $70 billion yesterday. Furthermore, Bitcoin’s market dominance increased by 0.47% in the past day, reaching 56.71%.

According to SoSoValue’s report, Bitcoin ETFs experienced a total net withdrawal of approximately $338.4 million on Tuesday. This marks the fourth consecutive week of outflows from these ETFs, which has created a sense of pessimism in the market. The BlackRock Bitcoin ETF (IBIT) saw its largest-ever outflow with $188.7 million, while Fidelity’s FBTC and ARKB had outflows of $83.2 million and $75 million respectively.

This year, Bitcoin has seen a significant surge of approximately 115%, but the majority of mining stocks have underperformed. Out of the 25 listed companies, only seven have recorded positive returns: CORZQ (up 327%), WULF (up 169%), BTDR (up 167%), HUT (up 91%), IREN (up 72%), NB2 (up 58%) and CIFR (up 33%). On the other hand, ARB dropped by 84%, and HIVE decreased by 29%. Additionally, Russia has prohibited crypto mining in six regions until 2031, which raises concerns.

Ethereum Price Today

Ethereum (ETH) price jumped 3%, with the price currently trading at $3,490. The 24-hour low and high are $3,381 and $3,535, respectively. However, the trading volume has declined 28% over the last 24 hours, indicating a decline in interest from traders.

Despite a decline in interest for Bitcoin spot ETFs, there were continued investments in spot Ethereum ETFs on Tuesday. The total investment amounted to approximately $53.6 million, according to Farside data, with BlackRock’s iShares Ethereum ETF (ETHA) receiving an inflow of about $43.9 million.

Developers working on Ethereum are looking forward to implementing the Fusaka update, which they see as the significant improvement following the Pectra. These advancements aim to support the continued expansion of Ethereum and its related Layer-2 solutions in the realm of decentralized finance (DeFi).

XRP Price Today

Currently, the value of XRP is at approximately $2.30, marking a 2% rise over the past day. Over this period, the lowest and highest points were $2.22 and $2.35 respectively. The total market capitalization of XRP stands at around $131.63 billion, while today’s trading volume amounts to approximately $5.74 billion. Interestingly, despite a significant 29% drop in trading activity, the price of XRP has experienced an upward trend today.

Experts anticipate an estimated 60% increase for the coin soon. Recently, Ripple‘s RLUSD stablecoin was added to prominent platforms like Bullish and Singapore’s Independent Reserve.

Solana Price Today

Solana (SOL) price jumped 4% in the last 24 hours, with the price now changing hands at $198.61. SOL needs to reclaim above the $200 psychological level to continue further gains. It saw an intraday low and high of $189 and $201.63, respectively, with trading volume down 15% over the last 24 hours.

In simpler terms, Binance and its founder, Changpeng “CZ” Zhao, contend that the U.S. Securities and Exchange Commission (SEC) has not provided sufficient evidence to support several claims in the ongoing lawsuit, and they are requesting the court to dismiss it. This includes disputes over whether tokens like Solana (SOL), which are listed on Binance, should be classified as securities by the SEC.

Meme Cryptocurrency Prices Today

Today, meme tokens have demonstrated signs of revival. Dogecoin (DOGE) saw an increase of more than 3%, trading at approximately $0.333, while Shiba Inu (SHIB) also experienced a rise of 4%, currently valued at around $0.0000234. Several other popular meme coins such as Pepe Coin, Bonk, Floki and WIF have seen growth between 2% to 4% over the past 24 hours.

Top Gainers Cryptocurrency Prices Today

Fartcoin Lead Crypto Market Today

In just the past day, FARTCOIN‘s price soared by more than 70%, reaching a peak of $1.29. Currently, it is being traded at $1.20. The coin climbed from a low of $0.738 in the last 24 hours. This surge caused the market capitalization to jump by 65% to $1.19 billion and trading volume increased by approximately 30%.

Pudgy Penguins

In just the past day, the price of Pudgy Penguins (PENGU) soared by around 20%, reaching a new trading level of $0.036. This surge in value was accompanied by an impressive 183% rise in trading volume, peaking at $0.03929 within the last 24 hours. The sudden boost in PENGU’s price can be attributed to its recent listing on major South Korean cryptocurrency exchange Bithumb.

Movement

In the past 24 hours, MOVE experienced a significant surge of 18%, now valued at $1.01 per share. Over this period, its price fluctuated between $0.8169 (low) and $1.14 (high). Additionally, there has been a substantial rise in trading activity, with the volume increasing by a massive 101%. This increase suggests that more traders are showing interest in MOVE.

Top Losers Cryptocurrency Prices Today

Virtual Protocol

In the past 24 hours, the value of VIRTUAL has decreased by 4%, currently standing at $3. Over the course of today, its price range has varied from a low of $2.91 to a high of $3.22. The market capitalization has dropped to $3 billion, and the trading volume has decreased by 20% to reach $304 million.

XDC Network

Over the past 24 hours, the value of XDC has decreased by 3%. At present, it is being traded at approximately $0.08206. The lowest and highest prices in the last day were $0.0813 and $0.08531, respectively.

In recent hours, the cryptocurrency market has maintained an upward trend, showing potential for continued growth in Bitcoin (BTC), Ethereum (ETH), and other significant altcoins. Traders are optimistic about a post-Christmas surge following the year’s end crypto options expiration.

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2024-12-25 09:26