Crypto Market Today (Dec 21, 2024): Bitcoin Price Rises to $97k
The cryptocurrency market today is recovering from the losses of the past 48 hours, with the market capitalization rising by 1.34% in 24 hours to reach an impressive $3.4 trillion. Trading volume also surged 10.25% to $291.27 billion, indicating renewed investor optimism. This is evident with the Fear & Greed Index’s “Greed” score of 62.
Bitcoin shows resilience, dominance remains strong
Bitcoin has been chasing bullish candles as the market shows signs of recovery. It rose slightly by 0.30% to $97,569.12 in 24 hours, and trading volume also increased slightly by 2.5% to $95.99 billion. Speaking of capital inflows, Metaplanet Inc. made headlines for raising $61 million to accelerate Bitcoin purchases. The star cryptocurrency’s influence in the industry remains strong, maintaining its dominance at 56.82%.
For a deeper dive into the future of Bitcoin, explore our Bitcoin Price Prediction.
Altcoin Watch: ETH overtakes BTC
Ethereum is outperforming Bitcoin on the daily chart, with the price rising 2.91% to $3,490.85. Solana and XRP also saw subtle gains, rising 1.27% and 0.55% to $197.47 and $2.32 respectively.
For a detailed analysis of Ethereum, check out our Ethereum Price Prediction.
Biggest winners and losers
HYPE gained the most, rising 34.27% to $33.15, followed by VIRTUAL, rising 18.78% to $2.74, and ENA rising 17.55% to $1.16. Other coins, however, do not share this optimism. The biggest decliners on the day were APTOS, which fell 12.22% to $10.28; XMR, which fell 5.93% to $189.13; OM, which fell 3.65% to $3.85.
FAQ
Bitcoin price is at $97,569.12, up 0.30% in the past 24 hours.
HYPE (+34.27%), VIRTUAL (+18.78%) and ENA (+17.55%) were the top gainers.
The Fear and Greed Index is 62, indicating “greed.”
