BTC At $98K, PENGU Soars 28%, FARTCOIN Up 72%

Cryptocurrency prices today showed overall gains, with the global crypto market cap rising 3.50% to $3.44 trillion. The total trading volume over the last 24 hours has decreased by 16% due to Christmas. The Crypto Fear and Greed Index is stable at 73 today, indicating “Greed” sentiment.

Bitcoin (BTC) price today holds above $98,000 after retracing from the $99K level. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) showed signs of recovery after profit booking as investors anticipate a Santa Claus rally. Meme coins DOGE and SHIB also surged 3% and 4% in the last 24 hours.

Meanwhile, Fartcoin, Pudgy Penguins (PENGU) and Movement (MOVE) lead the gainers today, with FARTCOIN skyrocketing over 70% over the last day. Here’s an overview of the leading cryptocurrencies by market capitalization and price movements.

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

The cryptocurrency market witnessed moderate gains in prices today, with Bitcoin (BTC)  and Ethereum (ETH) rebounding more than 4% and 3%, respectively. This has fueled a bullish sentiment, triggering a recovery in broader market due to expectations of a Santa Claus rally.

Bitcoin Price Today

Bitcoin (BTC) price hit a high of $99,404 today, with the price currently trading above $98,200. BTC jumped more than 4% as it rebounded from a 24-hour low of $93,689. Meanwhile, the trading volume has dropped 25% to $44 billion from a $70 billion average yesterday. Bitcoin’s market dominance rose to 56.71%, up 0.47% over the last day.

As per SoSoValue, BTC ETFs recorded $338.4 million in net outflows on Tueday. It’s the fourth consecutive outflow from spot Bitcoin ETFs causing negative sentiments in the market. BlackRock Bitcoin ETF (IBIT) recorded its largest outflow of $188.7 million. Fidelity’s FBTC had an outflow of $83.2 million, followed by ARKB with $75 million.

While Bitcoin has rallied nearly 115% this year, most mining stocks have performed poorly. Among the 25 listed companies, only 7 have achieved positive returns, including CORZQ up 327%, WULF up 169%, BTDR up 167%, HUT up 91%, IREN up 72%, NB2 up 58%, CIFR up 33%. Whereas, ARB fell 84%, and HIVE fell 29%. Meanwhile, Russia bans crypto mining in six regions till 2031, sparking 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.

While spot Bitcoin ETFs lost shine, spot ETH ETFs recorded second consecutive inflows on Tuesday. The net inflow was $53.6 million, as per Farside data, with BlackRock’s iShares Ethereum ETF (ETHA) witnessing $43.9 million in inflow.

Ethereum developers are eyeing Fusaka upgrade as the next major upgrade after the Pectra. The enhancements will help Ethereum and its associated Layer-2 solutions sustain their decentralized finance (DeFi) growth momentum.

XRP Price Today

XRP price is trading at $2.30, a 2% increase in the last 24 hours. The 24-hour low and high are $2.22 and $2.35, respectively. With a market cap of $131.63 billion and a trading volume of $5.74 billion today. The cryptocurrency saw its prices gain upside momentum today despite a 29% decline in trading volume.

Analysts predicted a potential 60% surge in the coming days. Ripple’s RLUSD stablecoin saw its listing on major exchanges including 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.

Binance and founder Changpeng “CZ” Zhao argued the US SEC failed to support multiple allegations and the court must dismiss the lawsuit. This includes claims against the SEC considering tokens such as Solana (SOL) listed on the exchange as securities.

Meme Cryptocurrency Prices Today

Meme coins have also shown signs of recovery today. Dogecoin (DOGE) was up by over 3%, trading at $0.333, while Shiba Inu (SHIB) also gained 4%, trading at $0.0000234. Other top meme coins like Pepe Coin, Bonk, Floki and WIF were up 2%-4% in the last 24 hours.

Top Gainers Cryptocurrency Prices Today

Fartcoin Lead Crypto Market Today

FARTCOIN price rallied over 70% in the last 24 hours, with the price now trading at $1.20. It hit a 24-high of $1.29 after gaining from a 24-hour low of $0.738. The market cap surged 65% to $1.19 billion and trading volume shot up 30% in the last 24 hours.

Pudgy Penguins

PENGU price jumped nearly 20% in the last 24 hours, with the price now trading at $0.036. Trading volume has increased by 183% in the last 24 hours, hitting a 24-high of $0.03929. Pudgy Penguins (PENGU) token jumped following its listing on the leading Korean crypto exchange Bithumb.

Movement

MOVE jumped 18% in the last 24 hours, with the price currently trading at $1.01. The 24-hour low and high are $0.8169 and $1.14, respectively. Moreover, the trading volume has increased 101% over the last 24 hours, indicating a rise in interest among traders.

Top Losers Cryptocurrency Prices Today

Virtual Protocol

VIRTUAL price fell by 4% in the last 24 hours, now trading at $3. The cryptocurrency prices today show that the 24-hour low and high at $2.91 and $3.22, respectively. The market cap fell to $3 billion and the trading volume is down 20% to $304 million.

XDC Network

XDC price has dropped by 3% in the last 24 hours, with the price currently changing hands at $0.08206. The cryptocurrency prices today show that the 24-hour low and high at $0.0813 and $0.08531, respectively.

Besides, the crypto market has continued to hold upside momentum in the last few hours with positive signs of further upside in Bitcoin (BTC), Ethereum (ETH), and major altcoins. Traders are expecting a rally after Christmas from the year’s end crypto options expiry.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.