- December 16, 2024
- Posted by: Jackson Bennett
- Category: News
Crypto today appears bullish with BTC reaching $106K, FTM gaining 17%, while its Ethereum ETF products witnessing large inflows. Another characteristic of the bullish market is Bitcoin has reached an absolute record high of $106 thousand, and major altcoins such as ETH, XRP & SOL are on the rise. FTM of Fantom is up 17% followed by STX of Stacks with an impressive 15% up in the last 24 hours. Ethereum ETFs record the highest outflows of $854 million in the last couple of weeks, indicating growing institutional investors.
Today, crypto is in a bullish trend as the Bitcoin rate reaches a record high and stabilizes above $106K. Other large-cap tokens such as Ethereum, XRP, and Solana also rose on the last day. In the same period, the largest increase in the tokenโs rate was observed for Fantom (FTM), which climbed by 17%, while Stacks (STX) rose by 15%. The market capitalization increased to around 3%, to $3.74 trillion and trading volume to 20%, to $147 billion. The Fear and Greed Index pointed to a value of 80 this fall, meaning very high greed in the market, which explains the sentiment on crypto prices today.
Crypto Prices Today: BTC Surges to $106K, ETH, XRP, and SOL See Gains
Today, Bitcoin (BTC) jumped to $106K a mark it set a record as its highest trading point fusing in the $97K to $103K bracket for the whole of the week. Major altcoins also adopted the trend, as they all noted positive movements over the last day. Meme coins also demonstrated a relentless rise as the major tokens edged 2% to 3% higher in the same duration.ย
Bitcoin Price Today
At the time of writing, the price for Bitcoin (BTC) was $105,120 showing an increase of 3% in the last 24 hours. The low and high of the past 24 hours were $101,592 and $106,400 respectively. The market capitalization of Bitcoin was $2.08 trillion, and even the 24-hour trading volume was $60 billion. Its market share was established to be at 56.10%.
In the last week as per SoSo Value, ETFs linked to the BTC were Net Asset Inflows of $2.17 billion. This is actually the second week of investment in bitcoins indicating that the interest is quite persistent and most importantly consistent.
Ethereum Price Today
Ethereum (ETH) in the last one-day trade at $3,984; it gained 3% over the last 24 hours. It touched the lowest of the day at $3,833 and rose to the highest of the day at $4,022 at some point in the day. The market capitalization of Ethereum was $481 billion with $30 billion in trading volume. The market popularity was also documented at 12.93%.
ETH ETFs observed an inflow of $854m last week, a third positive week in a row. This was the biggest inflow recorded in the recent weeks which indicates increasing institutional demand for Ethereum.
XRP Price Today
XRP was at the trading value of $2.40 up from the last 24 hours by 1 percent. Its range within the day was low and high $2.37 and $2.466 indicating it has been rather active. The market capitalization of XRP was $138B with trading volume at about $7B. It retains its place as one of the industryโs largest digital currencies by market capitalization. On a different note, BlackRockโs chief, Jay Jacobs, disclosed details of a possible XRP ETF. This announcement has created a buzz and rightly so for investors are eager for change in the market.
Solana Price Today
They are Solana (SOL) at $222 up by 1% in the last day. The 24-hour low price and the high price were estimated between $ 216 /$ 227 indicating the product has steady movement. With a cap of $106,448,558,855 and a $3,435,719,805 daily trading volume, Solana continues to be one of the leaders in the market. Solana is the 5th largest cryptocurrency by market cap controlling about 2.88% of the entire market share at the time of this writing.
Meme Crypto Prices Today
Several well-established meme coins operate well and demonstrate bullish signs similar to other cryptocurrencies. Dogecoin (DOGE) is 3% higher today at $0.40 per coin and Shiba Inu (SHIB) is 2% higher at $0.00002767. As for other meme coins, such as PEPE, BONK, and FLOKI, all of them demonstrated increased sentiment; their rates went up by 1 to 2%. In the current market trend as depicted by the current crypto prices today, meme coins remain very strong and are still further propelling the market.
Top Crypto Gainer Prices Today
Fantom
Fantom (FTM) was instrumental as the dayโs most valuable token by price, valued at $1.44, 17% up from its circulating value within the last 24 hours. It traded on a 24-hour low and high of $1.199 and reached an average high of $1.47 to represent a bullish performance.
Stacks
Stacks (STX) came out as the second best performing token today with $2.55 per token and a 24-hour volatile range of +15 % of its price. Worse its 24-hour low and high were $2.195 and $2.619, respectively. The large price increase points to the aggressive market trend still in the upward trend with STX being among the best-valued coins in todayโs market prices.
Ethereum Name Services
ENS, Ethereum Name Services, which operates to provide users with easier-to-remember internet identifiers in the ETH space, rose 13% within the past 24 hours and is now at $49.45. With its overall low of $42.85 and high of $50.25 for the day, the market had impressively grown up. Recent hike shows this is still valid because of the bullish trend of prices that is evident in cryptocurrencies today.
Top Crypto Loser Prices Today
Aave
AAVE was the worst performer as its price fell by 3% to trade at $366. The low and high of the day were $355 and $378 respectively with this corresponding to one of the trading hours later. Still, with this short-term drop, the price was hiked by 32% within the past week after announcing that Trump World Liberty Financial started purchasing AAVE.
Turning to the hourly chart, we have some bears emerging and Bitcoin has dipped 0.5% in the last hour. Ethereum also fell by about 1% in the last hour, the same with XRP, Solano and other major altcoins showing a general decline for the crypto market. These movements are standard for the current crypto market, as seen from the latest price today.
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