Cryptocurrency

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

The holiday season brings a wave of excitement to the crypto market, reflected in a notable increase in the industry’s market cap by 3.30%, reaching $3.43 trillion within just 24 hours. Despite this positive momentum, trading volume experienced a decline of 14.55%, settling at $134.08 billion. Interestingly, the Fear & Greed Index has shifted to a “Greed” score of 62, indicating a more optimistic market sentiment compared to the neutral stance observed the previous day.

Bitcoin Price Dynamics: A Surge Past $99k

Bitcoin continues to capture attention as it soars to a 24-hour peak of $99,404.06. As of the latest update, Bitcoin’s value stands at $98,235.83, marking a 4.06% increase from the prior day. While the trading volume has contracted by 24.2% to $44.31 billion, Bitcoin’s market cap impressively rose to $1.94 trillion. For further insights on Bitcoin’s future, explore our Bitcoin Price Prediction for 2025, 2026 – 2030.

Altcoin Performance: ETH, SOL, XRP on the Rise

In the realm of altcoins, there have been varied performances as observed in recent charts. Ethereum saw a 2.27% rise, reaching $3,489.73. Meanwhile, Solana advanced by 4.05% to $199.17, and XRP increased by 1.94% to $2.30. These gains reflect the bullish momentum spearheaded by Bitcoin. Curious about Ethereum’s potential to reach $5k by 2025? Check out our Ethereum Price Prediction for 2025, 2026 – 2030.

Top Performers in the Crypto Market

  • FARTCOIN: Demonstrated impressive growth, surging 57.04% to $1.16.
  • MOVE: Increased by 19.34% to $1.03.
  • BGB: Rose by 15.83% to $5.27.

Notable Declines in the Crypto Market

  • VIRTUAL: Experienced a decrease of 4.13% to $3.01.
  • FTM: Fell by 2.73% to $1.00.
  • XDC: Dropped by 2.71% to $0.08206.

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Frequently Asked Questions

1. How much does 1 BTC cost today?

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

2. Which token gained the most today?

FARTCOIN led the market with an impressive 57.04% increase, reaching $1.16.

3. How has Ethereum performed?

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

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