The bullish Crypto momentum is evident in the cryptocurrency markets today, with Bitcoin trading at over $101,000. The value of Ethereum and other major cryptocurrencies increased by 6%, while XRP and Solana saw gains of 5% to 6%. With a 30% increase in the last 24 hours, SUI emerged as the top gainer, while Ethena (ENA) followed with a 23% spike. A 5% gain brought the total value of all cryptocurrencies to $3.59 trillion. However, the volume of trades for one day fell 31% to $214 billion. A score of 80 on the Fear and Greed Index indicates that market participants are very greedy.
Bullish Crypto Momentum
The data on the Consumer Price Index (CPI) in the United States reported a 2.7% increase, boosting market mood and fueling a rise in Bitcoin and other coins. Bitcoin has resumed trading at $101K, having recaptured the $100,000 level. Over the last twenty-four hours, major alternative cryptocurrencies like Ethereum (ETH), XRP, and Solana (SOL) have all improved by single digits, indicating an optimistic look. This tendency was also reflected in meme currencies, which provided evidence of the general bullish momentum.
Current Bitcoin price
Over the last twenty-four hours, the price of Bitcoin (BTC) has grown by 4%, hitting a new high of $1 1,356. This represents a new historical high. This could potentially be viewed as a significant oppor unity. Over twenty-four hours, it moved from a low of $97,173 to a high of $101,872 when it reached its highest point. This occurred when it achieved its greatest eight. This occurred as soon as the market reached its highest possible position. Projections indicated that the market capitalization had reached a current level of $2 trillion, with a trading volume of $81 billion and a dominance of 5.08%.
For the time being, the market appeared to favor this price. Exchange-traded funds (ETFs), which included Bitcoin, received a total investment of $ 22 million. The amount of money that was put into the venture was indicated here. Fidelity made a gift of one hundred and twenty million dollars, and BlackRock has not yet provided the anticipated information Fidelity has made this contribution.
Ethereum Price Today
At $3,875, the price of Ethereum was up 6% over the previous day $3,647 was its 24-hour low, while $3,881 was its 24-hour high. ETH rose 17% in the last week. With a trading volume of $34 billion, the market capitalization was $ 46 billion. ETH ETFs received an investment of $27 million, while BlackRock’s data remainpndingng. On Wednesday, Grayscale invested $13 million in ET ETFs. Top experts predict a 150% rise in the values of Bitcoin, Ethereum, and Solana in the first year of a prospective Trump administration that supports cryptocurrency.
XRP Price Today
With its current price of $2.418, XRP has increased in value by 5% during the last 24 hours. It fluctuated from a low of $2.291 to a high of 2.464 throughout twenty-four hours. With a $137 billion market capitalization and a $12 billion trading volume, it is now the fourth-largest cryptocurrency in market value. At the moment, XRP is ranked fourth. According to cryptocurrency specialist Dark Defender, XRP’s price may increase to $5 in the days ahead.
Solana Price Today
The price of Solana (SOL) has been quite volatile as of December 12, 2024, reflecting both general market trends and recent events inside the Solana ecosystem. With its cheap fees and lightning-fast transaction rates, SOL is riding high on the favorable emotion that has propelled it to the ranks of the top cryptocurrencies by market capitalization. Attracting interest with its scalable infrastructure, it has been a key participant in decentralized finance (DeFi) and FTs. One thing that sets Solana apart from Ethereum and other networks is how quickly it processes transactions.
This makes it a beneficial option for those looking for efficient alternatives. The price of Solana has remained rather stable despite changes in the market after a notable increase at the beginning of 024. Its price is still high today, and some analysts predict it will continue higher. Solana’s ability to challenge Ethereum’s position as the leading smart contract platform has captivated investors and developers. Unfortunately, like other cryptocurrencies, its value fluctuates with the market.
Sui Token Surge
The cryptocurrency market has experienced amazing increases in several tokens since December 12, 2024; certain particularly outstanding performers exhibit notable upward growth. Sui (SUI), which has jumped by more than 30% and now costs $4.82, is among the top g liners. Reflecting more general market trends and trading volume, this spike results from investor trust in the asset. Among the noteworthy performers are Chainlink (LINK), which jumped by 27.06% to $28.42, and Aave (AAVE), which ascended 31.47% to $ 0.91. With distributed finance (DeFi) initiatives like Aave leading the charge, these changes underline a continuous strong feeling in the altcoin market.
Crypto Losses Today
Significant value declines occurred for the top Crypto losers on December 12, 2024. In only one day, Cheelee (CHEEL) rose by .15%. The MOVE stock price also fell significantly by .61%. In addition to Neo (NEO), which is down 9.39% today, Solana (SOL) is down .16%. Market volatility continues to cause price swings in the cryptocurrency market. Crypto values continue to rise and fall in response to changes in market sentiment, the state of the global economy, and new regulations, notwithstanding these losses.
Also Read: RLUSD Stablecoin Approval By New York Regulators In 2024
In Summary
Bitcoin reached $101,356 on December 12, 2024, indicating significant bullish mmomentumEthereum rose 6% to $3,875, while XRP and Solangained 5–6%. The leading gainers were SUI (30%) and Ethena (ENA) 23%). Market capitalization is $3.59 trillion, while trading volume fell 31% to $21billionon. The Fear and Greed Index stands at 80, indicating market mem. U.S. Consumer Price Index data helped Bitcoin r. At the same time,ile whilehereum, XRP, and Solana have a positive ttttrendinvestors await growth in SUI and Aave, market sentiment remains robust despite losses in Cheelee (CHEEL) and MOVE.
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