Cryptocurrency

Crypto Update for December 25, 2024: Bitcoin Struggles to Reach $100k

Current State of the Crypto Market

The holiday season is sparking excitement across the crypto market, leading to a notable increase in the industry’s market cap, which has risen by 3.30% to reach $3.43 trillion within just 24 hours. Despite this impressive growth, the trading volume experienced a decline, dropping by 14.55% to $134.08 billion. Meanwhile, the Fear & Greed Index has shifted to reflect a “Greed” score of 62, a change from the previous day’s neutral outlook.

Bitcoin Price Fluctuations

Bitcoin has once again captured the limelight, achieving a remarkable 24-hour peak of $99,404.06. At the time of writing, Bitcoin’s price stands at $98,235.83, marking a 4.06% increase from the previous day. Although the trading volume saw a reduction of 24.2% to $44.31 billion, the market cap has surged to an impressive $1.94 trillion. For a deeper dive into potential future price targets, explore our Bitcoin Price Prediction 2025, 2026 – 2030.

Altcoin Performance: ETH, SOL, XRP Gain Ground

The altcoin market displayed varied performances, with Ethereum (ETH) advancing by 2.27% to $3,489.73, Solana (SOL) climbing 4.05% to $199.17, and XRP increasing by 1.94% to $2.30. These gains are indicative of the bullish momentum spearheaded by Bitcoin. Curious about whether Ethereum will reach $5k in 2025? Check out our Ethereum Price Prediction 2025, 2026 – 2030.

Top Gainers in the Crypto Market

  • FARTCOIN: Surged by 57.04% to $1.16.
  • MOVE: Increased by 19.34% to $1.03.
  • BGB: Rose by 15.83% to $5.27.

Top Losers in the Crypto Market

  • VIRTUAL: Fell by 4.13% to $3.01.
  • FTM: Decreased by 2.73% to $1.00.
  • XDC: Dropped by 2.71% to $0.08206.

FAQs

1. How much does 1 BTC cost today?

Bitcoin is currently trading at $98,235.83, reflecting a 4.06% gain over the past 24 hours.

2. Which token gained the most today?

FARTCOIN led the market with an impressive 57.04% surge, reaching a price of $1.16.

3. How has Ethereum performed?

Ethereum experienced a 2.27% increase in the last 24 hours, reaching a value of $3,489.73.

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