Crypto Market Hits $3.61 Trillion as Bitcoin Surpasses $102K

On December 15, 2024, the cryptocurrency market experienced notable shifts in several important parameters. According to recent data from Phoenix, the market capitalization reached $3.61 trillion, with 31,538 currencies listed. Trading volume totaled $128.48 billion in the last 24 hours.

The top assets maintained their dominance. Bitcoin ($BTC) was at $102,075 as it dominated the market with a rate of 55.9%. The second on the list of largest cryptocurrencies by market share of daily trading volume was Ethereum ($ETH), with a price of $3,861 and a dominant share of 12.9%. The value of funds locked in DeFi applications gained $222.23 billion, suggesting active decentralized finance initiatives.

Notable Crypto Market Trends and Metrics

The fear and greed index reflected a score of 75, signaling a market sentiment of “Greed.” This highlights an optimistic outlook among investors. ETH gas fees remained low at 6 GWEI, facilitating cost-effective transactions.

Price fluctuations across select tokens marked key highlights. $ENA led the gainers with a 21.11% rise, followed by $HYPE and $HNT, posting increases of 13.43% and 13.21%, respectively. Moreover, $ENS recorded a price bounce of 8.31%, while $KAIA’s price bounced by 7.88%.

Top Liquidations in 24 Hours

The crypto derivatives market saw significant liquidations during the 24 hours. Ethereum ($ETH) topped the liquidation charts with $31.18 million in positions wiped out. Bitcoin ($BTC) ranked second with $23.46 million, indicating notable volatility in both leading assets.

Other notable liquidations included $DOGE liquidated for $9.99 million, $XRP liquidated for $9.01 million, and $SOL liquidated for $8.29 million. These figures underline continued activity in leveraged trading, which is driven by market price movements and sentiment shifts.

The daily crypto market summary reflected a mix of upward momentum and volatility. Leading assets like Bitcoin and Ethereum maintained dominance, while select altcoins showcased notable price movements. Liquidations across major assets indicated sustained trading activity.