Cryptocurrency Market Today
Cryptocurrency Market Today, December 10: Altcoins Crash, BTC Drops Below $95K
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Cryptocurrency Market Today The price of cryptocurrencies fell precipitously today, with Bitcoin (BTC) now trading below $95,000. The values of several altcoins, including Binance Coin (BNB), Solana (SOL), Ethereum (ETH), and XRP, plummeted to week-lows. With barely a 2% increase over the previous day, UNUS SED LEO (LEO) was the sole top gainer at the time of writing. In the last 24 hours, the market meltdown has resulted in liquidations totaling $1.46 billion. Cryptocurrency Market Today
Today’s roughly 5% drop in the global cryptocurrency market brought its market capitalization down to $3.46 trillion. Trading volumes increased by 107% to $324 billion in spite of the decline. In contrast to the prior state of severe greed, the Fear and Greed Index moved to 76, signifying greed. Cryptocurrency Market Today
Here is a summary of some of the most popular cryptocurrencies as of today, December 10, sorted by market capitalization and price: Cryptocurrency Market Today
Today's Cryptocurrency Market: XRP, SOL, ETH, and BTC All Crash
The price of Bitcoin (BTC) plummeted, plunging to $94,286 today, signaling a severe market decline. Bearish sentiment in the cryptocurrency market today was further heightened by notable altcoin falls of 5% to 10%, including Ethereum (ETH), Solana (SOL), and XRP. Cryptocurrency Market Today
On the plus side, though, Hester Peirce described important crypto improvements that were started under Donald Trump’s administration. In order to promote long-term growth and innovation in the cryptocurrency sector, these amendments sought to create a more transparent regulatory environment for digital assets. Cryptocurrency Market Today
Bitcoin Price Today
At $97,082, the price of Bitcoin (BTC) was down 2% from the previous day. With a market value of $1.92 trillion and a 24-hour trading volume of $111 billion, the cryptocurrency’s 24-hour high was $100,358. At 55.71%, Bitcoin’s market dominance remained solid. Cryptocurrency Market Today
BTC ETFs witnessed a range of activity, according to Farside Monday. While Bitcoin ETFs as a whole saw inflows of $85 million, Fidelity reported notable inflows of $175 million. In the meantime, Bitwise and ARK reported $34 million and $39 million in outflows, respectively. Investors are eagerly anticipating updates since data on BlackRock’s ETF is still pending. Cryptocurrency Market Today
One significant move was the proposal by a Russian politician to establish a Bitcoin reserve. The project seeks to improve financial stability, get around international restrictions, and profit from the rising value of cryptocurrencies. This action demonstrates how Bitcoin’s strategic significance on the international scene is becoming increasingly acknowledged. Cryptocurrency Market Today
Ethereum Price Today
The price of Ethereum (ETH) was down 7% from the day before, trading at $3,691. The price range of ETH over a 24-hour period was $3,523 to $3,954. With a market domination of 12.93% and a 24-hour trading volume of $60 billion, Ethereum’s market capitalization was $445 billion. Cryptocurrency Market Today
Fidelity’s $30 million donation was a major factor in the $5.6 million in total inflows into ETH ETFs. Bitwise and ARK, on the other hand, recorded $13 million and $4 million in outflows, respectively. Since BlackRock’s ETH ETF data is still pending, the market remains speculative. Cryptocurrency Market Today
XRP Price Today
With its current price of $2.08, XRP has dropped 16% in the last day. With a noteworthy $20 billion in 24-hour trading volume, the market capitalization is $119 billion. The 24-hour low and high of XRP were $2.08 and $2.49, respectively, underscoring the current state of the cryptocurrency market’s volatility. Cryptocurrency Market Today
Today's Solana Price
At $210, the price of Solana (SOL) was stable within the 24-hour range of $209 to $232. The cryptocurrency has a $100 billion market capitalization and a $9 billion 24-hour trading volume. SOL continues to hold a 2.94% market dominance and is the fifth-largest cryptocurrency by market capitalization. Cryptocurrency Market Today
Today's Meme Crypto Performance
The gloomy trend in the cryptocurrency market today is reflected in the steep price decline in the meme coin sector. Dogecoin (DOGE), which peaked at $0.454 in the 24-hour period, has dropped 14% to $0.3878. Likewise, Shiba Inu (SHIB) saw a 19% drop in value, currently trading at $0.00002524.
Losses of 15% to 25% were also reported by other well-known meme currencies, such as PEPE, WIF, and BONK. Given the negative market mood, the large decline emphasizes the heightened volatility in the meme coin space. Cryptocurrency Market Today
Today's Best Crypto Gainers Prices
UNUS SED LEO
UNUS SED LEO (LEO) was the only coin to gain more over 2% in a 24-hour period in today’s gloomy cryptocurrency market. With a 24-hour low of $9.246 and a high of $9.563, LEO was trading at $9.50. With a market valuation of $8.85 billion, the token has remained steady despite the general market decline. Cryptocurrency Market Today
Top Prices for Crypto Losers Today
GALA
The price of GALA dropped by a substantial 25%, making it the token with the worst performance over the past day. Its 24-hour high was $0.05799. It was currently trading at $0.0443. With a reported 24-hour trading volume of $767 million and a market capitalization of $1.6 billion, GALA has seen a sharp drop in activity. Cryptocurrency Market Today
The Worldcoin
The price of Worldcoin (WLD) dropped by a substantial 23%, to $2.80. Although it hit a 24-hour high of $3.645, its performance was significantly impacted by the general market decline. WLD was the day’s second-worst performer, with a market value of $2.09 billion and a trading volume of $1.3 billion. Cryptocurrency Market Today
With the majority of coins in the red or exhibiting negative tendencies, the cryptocurrency market is generally down today. The hourly charts, which show Bitcoin (BTC) down 1% over the past hour, also show a pessimistic outlook. On the hourly chart, major altcoins have experienced drops ranging from 2% to 4%. Cryptocurrency Market Today
Frequently ASked Question
The drop in Bitcoin’s price was attributed to a general bearish sentiment in the cryptocurrency market, with many altcoins also experiencing significant losses. Additionally, liquidation of $1.46 billion in the last 24 hours and investor reactions to market dynamics further fueled the decline.
Major cryptocurrencies like Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and XRP experienced sharp declines ranging from 5% to 16%. Meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB), also saw substantial drops, with losses up to 19%.
UNUS SED LEO (LEO) was the only notable gainer in the market today, showing a modest 2% increase over the past 24 hours, trading at $9.50 at the time of writing.
Liquidation of $1.46 billion indicates the closure of a large number of leveraged positions, which intensifies market volatility and can exacerbate price drops as traders are forced to sell assets.
The Fear and Greed Index shifted to 76, indicating greed, despite the sharp decline in prices. This suggests that some investors are still optimistic about potential recovery or are seeing buying opportunities in the market downturn.
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