The crypto market today is recovering from losses from the past 48 hours, with the market cap adding 1.34% gains in 24 hours to reach an impressive $3.4 trillion. Trading volumes too have surged by 10.25% to $291.27 billion, signaling renewed optimism among investors. This has been evident with the Fear & Greed Index signaling a “Greed” score of 62.
Bitcoin Shows Resilience as Dominance Remains Strong
Bitcoin has been catching up with the bullish candles, as the market shows signs of recovery. Inching up 0.30% in 24 hours to a price of $97,569.12, it also saw a modest 2.5% increase in its trading volume to $95.99 billion. Talking about inflows, Metaplanet Inc. made it to the headlines by raising $61 million to accelerate its Bitcoin purchases. The star crypto’s influence in the business remains robust, with the dominance holding firm at 56.82%.
For insights into Bitcoin’s future, explore our Bitcoin Price Prediction.
Altcoins Watch: ETH Outruns BTC
Ethereum outperformed Bitcoin on the daily charts with a 2.91% price spike to $3,490.85. Solana and XRP also showed subtle gains, rising by 1.27% and 0.55% to $197.47 and $2.32 respectively.
For Ethereum’s detailed analysis, check out our Ethereum Price Prediction.
Top Gainers and Losers
HYPE was the biggest gainer, rising 34.27% to $33.15, followed by VIRTUAL, which increased 18.78% to $2.74, and ENA, which rose 17.55% to $1.16. The optimism was not shared by other tokens, though. The day’s biggest losers were APTOS, which plummeted 12.22% to $10.28, XMR, which fell 5.93% to $189.13, and OM, which fell 3.65% to $3.85.
FAQs
Bitcoin is priced at $97,569.12, reflecting a 0.30% gain over the last 24 hours.
HYPE (+34.27%), VIRTUAL (+18.78%), and ENA (+17.55%) were the top gainers.
The Fear & Greed Index stands at 62, signaling “Greed.”
Source: https://coinpedia.org/news/crypto-market-today-dec-21-2024-bitcoin-price-rises-to-97k-hype-surges-34/