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The cryptocurrency market skilled a pointy downturn as Bitcoin (BTC) fell beneath the $100,000 mark after the Federal Reserve introduced a 25 foundation factors lower. Opposite to expectations of a optimistic market response, the information triggered widespread sell-offs, affecting main altcoins. Ethereum (ETH) dropped by 6%, whereas XRP noticed a major 10% decline, with most cryptocurrencies displaying adverse momentum.
An exception to the downturn was USUAL, which surged by 23% within the final 24 hours. The general market capitalization fell by 5% to $3.44 trillion. Nonetheless, buying and selling volumes spiked by 40%, reaching $251 billion, indicating energetic market participation. The Worry and Greed Index remained at 69, reflecting a grasping sentiment regardless of the dip.
Right here’s a more in-depth take a look at some prime cryptocurrencies by market cap and their costs immediately, December 19.
Cryptocurrency Market At present: BTC, ETH, XRP, and SOL Costs Drop
The cryptocurrency market immediately noticed important declines following the Federal Reserve announcement of a 25 Bps price lower. Bitcoin (BTC) fell beneath the $99,000 mark, whereas Ethereum (ETH) and XRP dropped by 6% and 10%, respectively. Solana (SOL) additionally confronted a 5% decline, reflecting the broader market downturn.
Bitcoin Worth At present
Bitcoin (BTC) worth was down by roughly 4%, buying and selling at $100,880. Its 24-hour high and low have been $98,874 and $105,389, respectively. The market cap stood at $2 trillion, with $100 billion in buying and selling quantity and a market dominance of 57.12%.
As per SoSo Worth, BTC ETFs skilled an outflow of 84 million on Wednesday, with Grayscale main at 35 million and Invesco at 25 million. Knowledge from BlackRock concerning its outflows continues to be awaited.
In associated information, BOB (Construct on Bitcoin) superior its mission to place Bitcoin on the forefront of decentralized finance (DeFi) by integrating with Babylon, a Bitcoin staking protocol.
Ethereum Worth At present
Ethereum (ETH) worth was buying and selling at $3,652, reflecting a 6% drop within the final 24 hours. The 24-hour high and low have been $3,543 and $3,902, respectively, displaying important fluctuations within the cryptocurrency market immediately.
With a market cap of $440 billion and a buying and selling quantity of $52 billion, Ethereum stays the second-largest cryptocurrency by market cap. Within the cryptocurrency market immediately, Ethereum ETF outflows amounted to 79 million, with Grayscale main the outflow at 65 million and Bitwise contributing 14.62 million.
In different information, Bitwise CIO Matt Hougan predicted that Ethereum will surpass Solana (SOL) in 2025. This prediction has generated appreciable curiosity within the ongoing growth of each networks.
XRP Worth At present
XRP worth was buying and selling at $2.32, reflecting a ten% drop within the final 24 hours. The 24-hour high and low have been $2.184 and $2.585, displaying volatility within the cryptocurrency market immediately.
With a market cap of $132 billion and a buying and selling quantity of $22 billion, XRP stays one of many prime cryptocurrencies by market cap. Ripple additionally launched its native stablecoin token RLUSD, increasing its attain within the stablecoin area.
Solana Worth At present
SOL worth was buying and selling at $209, reflecting a 5% drop within the final 24 hours. Its 24-hour high and low have been $200 and $218, displaying notable fluctuations in worth.
With a market cap of $99 billion and a buying and selling quantity of $7 billion, Solana ranks sixth among the many prime 10 cryptocurrencies by market cap. Regardless of the worth drop, Solana continues to keep up a powerful place available in the market. Moreover, the community development for Solana has reached a brand new all-time excessive, highlighting its ever-growing adoption and vibrant ecosystem exercise.
Meme Cryptocurrency Market At present
Meme cash additionally skilled a major downturn, with Dogecoin (DOGE) down by 7% and buying and selling at $0.36. Shiba Inu (SHIB) worth was down by 6%, now buying and selling at $0.00002425.
Different notable meme cash like PEPE, BONK, and WIF noticed even bigger drops, starting from 12% to fifteen% within the final 24 hours. These worth actions replicate the broader adverse sentiment within the meme coin market immediately.
High Crypto Gainers Costs At present
Ordinary
Ordinary (USUAL) worth noticed a exceptional 23% enhance within the final 24 hours, now buying and selling at $1.02. Its 24-hour high and low have been $0.67 and $1.16, respectively. With a market cap of $456 million, USUAL emerged as the highest gainer within the final 24 hours, outperforming many different cryptocurrencies available in the market immediately.
Motion
Motion (MOVE) worth was buying and selling at $0.70, reflecting a 14% enhance within the final 24 hours. Its 24-hour high and low have been $0.611 and $0.72, showcasing a powerful upward development within the worth.
Pudgy Penguins
Pudgy Penguins (PENGU) grew to become the third prime gainer for immediately, with an 8% enhance within the final 24 hours, buying and selling at $0.033. The worth surge comes after a exceptional 500% rise following the announcement of its itemizing on Binance.
High Crypto Losers Costs At present
dogwifhat
The dogwifhat (WIF) grew to become the worst performer with a 14% drop within the final 24 hours, now buying and selling at $2.26. Its 24-hour high and low have been $2.162 and $2.698, indicating important volatility within the worth motion.
Floki
Floki (FLOKI) grew to become the second-worst performer for immediately, with a 13% drop within the final 24 hours, buying and selling at $0.00019. Meme cash have crashed exhausting following Bitcoin’s fall beneath the $100K mark, impacting FLOKI’s worth and the general market sentiment.
Theta Community
Theta Community (THETA) worth was down by 12% within the final 24 hours, buying and selling at $2.32. Its 24-hour high and low ranged from $2.18 to $2.61, reflecting the broader market downturn.
Beside this, the hourly chart is displaying a optimistic momentum with BTC up by half a % within the final hour. Main altcoins like ETH, XRP, and BNB are up by 1%. Within the cryptocurrency market immediately, regardless of the current fluctuations, there’s a shift in the direction of optimism within the brief time period.
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Coingape Employees
CoinGape includes an skilled group of native content material writers and editors working around the clock to cowl information globally and current information as a truth fairly than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
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