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Bitcoin Back to $100K, XRP Up 6%, XDC Jumps 36%

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Today, the cryptocurrency market is bullish, with Bitcoin (BTC) surging above the $100,000 mark, as crypto prices today show strong momentum. This follows a volatile period where BTC had dropped to $92,000 after its all-time high.

Ripple’s XRP has gained 6% after three consecutive days of downward movement. Meanwhile, XDC Network has emerged as the top gainer, with an impressive 36% jump in its price.

The crypto market rose by over 2%, bringing its total market capitalization to $3.67 trillion. However, trading volume has decreased by 31%, standing at $250 billion.

Here is a quick overview of the top cryptocurrencies by market capitalization and their price movements for today, December 7.

Crypto Prices Today: BTC, ETH, SOL, and XRP

The crypto market is gaining momentum after Bitcoin surged back to $100,000. Major altcoins have shown positive movement in the last 24 hours, except for Solana, which is down by 3%. Top meme coins are also riding the bullish wave, recording gains between 1% and 4% during the same period. The market’s overall sentiment appears optimistic, with several cryptocurrencies experiencing upward trends.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $100,101, marking a 3% increase in the last 24 hours. Its 24-hour low and high were $97,138 and $101,902, respectively. Bitcoin’s market capitalization stood at $1.98 trillion, with a trading volume of $86 billion and a market dominance of 53.87%.

As per SoSo Value, the Bitcoin ETF market had seen significant inflows, with $119 million added on Friday, although BlackRock’s data was still awaited. Fidelity had contributed $120 million to BTC ETFs, while Ark Invest and 21Shares collectively recorded $24 million in inflows.

Additionally, the rising Bitcoin price has driven increased demand, creating pressure on mining activities. This surge has also led to heightened energy consumption from national grids to sustain mining operations.

Ethereum Price Today

ETH price was trading at $4,000, marking an approximate 4% increase at the time of writing. Its 24-hour low and high were $3,831 and $4,087, respectively. Ethereum’s market capitalization stood at $480 billion, with a trading volume of $50 billion. It remained the second-largest cryptocurrency, with a market dominance of 13.11%.

The ETH ETF had seen an inflow of $49 million, with $47 million coming from Fidelity Investments. Bitwise had bought $13 million of the ETF, while BlackRock’s data was still pending.

In other important news, Galaxy Research addressed the growing debate within the Ethereum community on whether to increase or decrease the Ethereum gas limit. This discussion has been a focal point for many, with Galaxy Research offering valuable insights.

XRP Price Today

XRP price was trading at $2.428, with a 24-hour high of $2.497. It was up by 6% in the last 24 hours, making it one of the top gainers among the top 10 cryptocurrencies. XRP’s market capitalization stood at $139 billion, with a trading volume of $14 billion. It remained the third-largest cryptocurrency by market cap.

Moreover, crypto analyst Justin Bennett predicted that the XRP price could rally to $3 as a whale moved $47 million to the Bitstamp exchange. This development could signal potential upward momentum for XRP in the coming days.

Solana Price Today

Solana (SOL) price was trading at $235, down by 3% from the last 24 hours. Its 24-hour low and high were $231 and $242, respectively. Solana’s market capitalization stood at $111 billion, with a trading volume of $5.42 billion.

The price decline was attributed to the SEC’s rejection of Solana ETF filing. This news hurt the cryptocurrency, leading to its recent drop in value.

Meme Crypto Prices Today

The top meme coin Dogecoin (DOGE) price was slightly up from yesterday, trading at $0.434 with a 24-hour high of $0.44. Shiba Inu (SHIB) was also minimally up, trading at $0.0000307. Other meme coins like PEPE, WIF, and BONK were down by 1% to 3% in the last 24 hours. The overall sentiment in the meme coin market showed mixed performance, with some coins experiencing slight gains while others faced declines. Crypto prices today reflect the ongoing volatility in the meme coin market.

Top Crypto Gainer Prices Today

XDC Network

XDC price was the top gainer in the last 24 hours, with a 36% increase, trading at $0.1031. Its 24-hour low and high were $0.07522 and $0.1037, respectively. XDC’s market capitalization stood at $1.55 billion, reflecting significant growth during this period. Crypto prices today highlight XDC’s strong performance as it continues to attract attention in the market.

Mog Coin

MOG price was up by 24%, trading at $0.00000395. Its 24-hour high was $0.00000401 USDT. MOG’s market capitalization stood at $1.54 billion, reflecting a strong performance in the last 24 hours. The price jump is attributed to the announcement of upcoming listing plans on Coinbase, which has generated positive market sentiment.

Hedera

HBAR price was up by 19% at the time of writing, with a 24-hour low of $0.2767 and a high of $0.3741. Its market capitalization stood at $13 billion. Crypto prices today reflect HBAR’s strong performance, continuing to show significant gains in the market.

Top Crypto Loser Prices Today

Jupiter

Jupiter (JUP) price was the worst performer in the top 100 coins, down by 4% in the last 24 hours. It was trading at $1.33, with a 24-hour low of $1.30 and a high of $1.394.

Raydium

RAY price was down by 3%, trading at $4.85. Its 24-hour low and high were $4.801 and $5.096, respectively. Crypto prices today show a slight decline in RAY’s value during this period.

The hourly chart is showing a bearish trend in the 1-hour time frame, with Bitcoin down by 1%. Major altcoins are also following a similar pattern, reflecting a slight downturn across the market. Crypto prices today indicate a temporary decline as the market experiences short-term pressure.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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5 Tokens Ready For A 20X After Solana ETF Approval

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2 hours ago

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December 23, 2024

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The US Securities and Exchange Commission (SEC) looks likely to approve a Solana exchange-traded fund (ETF) under Donald Trump’s administration. With this Solana ETF approval looking imminent, there are tokens that are ready to enjoy a 5x price increase once this happens.

5 Tokens That Could 20x After A Solana ETF

Bloomberg analysts recently suggested that a Solana ETF could launch at some point next year, although the exact timing remains uncertain due to some complex legal issues. Ahead of this potential launch, these are 5 tokens that could witness a significant price increase after the SEC approves a Solana ETF.

Jupiter (JUP)

Jupiter (JUP) is one of the tokens that is ready for a 20x price increase after a Solana ETF approval. The JUP price is in a good position to benefit from such bullish development, considering its status as one of the top Solana coins.

As such, the DeFi token will likely witness a parabolic surge on the back of an ETF approval. Crypto analyst Altcoin Scholar predicted that JUP could rally to $10 or higher in this bull run.

ImageImage

NebulaStride Token (NST)

NebulaStride Token (NST) is in a good position to witness a significant price increase after a Solana ETF approval. This ETF approval provides a bullish outlook for the crypto and NST, as a newer token, could enjoy one of the most gains.

As a newer token, NST could even record more than a 20x price increase since it has more room to run to the upside than these older coins. the token’s fundamentals also provides a bullish outlook for its as NebulaStride is revolutionizing the finance space.

Render (RENDER)

Render (RENDER) is another top Solana coin that is ready for a 20x price increase after a SOL ETF approval. The token already boasts a bullish outlook based on its ties to the artificial intelligence (AI) narrative.

ImageImage

Meanwhile, from a technical analysis perspective, crypto analysts have suggested that RENDER is well primed for a parabolic surge. In an X post, crypto analyst Exotrader predicted that the AI coin couuld rally to as high as $24 as long as it holds the $6.9 support level on the weekly close.

Bonk (BONK)

Bonk (BONK) has become more than just a meme coin in the Solana ecosystem. The top meme coin has gained several use cases and even boasts an exchange-traded product (ETP).

Meanwhile, it is worth mentioning the upcoming BONK token burn with 1 trillions coins set to be burnt. With this 1 trillion token burn on the horizon, the meme coin eyes a $0.11 price target.

XRP

XRP looks like an obvious play if the SEC were to approve a Solana ETF, especially if this approval comes before the one for an XRP ETF. In a scanario where a SOL ETF gets approved an XRP ETF, XRP will likely witness a 20x price increase as traders anticipate the XRP ETF next.

Moreover, crypto analysts have already provided a bullish outlook for the XRP price. One of these analysts is Dark Defender who predicted that XRP could rally to as high as $18 in this market cycle.

Conclusion

A Solana ETF approval is undoubtedly bullish for JUP, NST, RENDER, BONK, and XRP. These coins, most especially NST, are ready to enjoy a 20x price increase once these SEC approves the SOL ETF.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Risks Falling To $20K If This Happens

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5 hours ago

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December 23, 2024

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Bitcoin News: A recent report from The Kobeissi Letter hints at a potential BTC crash to $20,000 in the coming few weeks. The report cited Bitcoin’s relation with the global monetary supply, saying that if the crypto continues to move in tandem, it could witness a massive dip ahead. Besides, it also comes amid highly volatile trading noted in the broader crypto market, with the flagship crypto falling below the $100K mark recently.

Bitcoin News: Why BTC Can Crash To $20K?

In the latest Bitcoin news, the crypto could face a significant correction, potentially dropping to $20,000 in the coming weeks, The Kobeissi Letter said. The report highlights Bitcoin’s historical tendency to mirror global money supply trends, suggesting a steep decline might be on the horizon. The analysis revealed a close relationship between Bitcoin prices and global monetary supply, with BTC often reacting with a 10-week lag.

As global money supply peaked at $108.5 trillion in October, Bitcoin hit an all-time high of $108,000 recently. However, a subsequent $4.1 trillion drop in money supply to $104.4 trillion, its lowest since August, raises concerns about Bitcoin’s near-term trajectory.

Meanwhile, The Kobeissi Letter raised concerns over the potential crash ahead. They noted, “If the relationship still holds, this suggests that Bitcoin prices could fall as much as $20,000 over the next few weeks.” Notably, this prediction comes amid heightened market volatility, with BTC recently slipping below the psychological $100K mark. Such movements have amplified fears of a broader selloff in the crypto market, which has already faced pressure from global economic uncertainties.

Bitcoin news BTC and Global Money Supply RelationBitcoin news BTC and Global Money Supply Relation
Source: The Kobeissi Letter

What’s Next For BTC Amid Bearish Sentiment?

The latest positive Bitcoin news and strong rally this year showcased its resilience but this potential correction could pause its bullish momentum. Traders and investors are now closely monitoring macroeconomic factors, including shifts in monetary supply, which could significantly impact BTC’s performance. However, the question remains whether Bitcoin will defy this predicted trend or align with historical patterns.

If the BTC crash occurs, it would mark a critical juncture for the cryptocurrency market, testing Bitcoin’s role as a safe haven in uncertain times. For context, Robert Kiyosaki has recently hinted towards a looming economic depression, while urging investors to buy Bitcoin amid the economic turmoil.

However, popular crypto market expert Rekt Capital also said that the crypto “has confirmed a Bearish Engulfing Candlestick formation”, highlighting the bearish momentum in the market.

Bitcoin price analysisBitcoin price analysis
Source: Rekt Capital, X

In a separate post, the analyst said that BTC has lost its weekly support and its 5-week technical uptrend is over. Considering that, the expert warned about a potential multi-week correction for the crypto ahead.

BTC price Bitcoin newsBTC price Bitcoin news
Source: Rekt Capital, X

However, despite that, the institutional interest remained strong for the crypto. For context, Matador has recently revealed its plan to buy $4.5 million in BTC this month. On the other hand, MicroStrategy also continued its buying trend, indicating strong market interest.

Meanwhile, BTC price today was down more than 1% to $94,430, while its one-day trading volume jumped nearly 34% to $54.39 billion. Notably, the crypto has touched a high of $97,217 over the last 24 hours. In addition, a recent Bitcoin price analysis highlights three potential reasons that could help in ending the bearish momentum ahead.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Robert Kiyosaki Hints At Economic Depression Ahead, What It Means For BTC?

Published

11 hours ago

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December 23, 2024

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Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning while hinting towards an economic depression ahead. In a recent X post, the renowned author said that the global market crash has already started, as he predicted earlier, which indicates that the financial market might enter a “depression” phase. Notably, this comes as the crypto market records immense volatility, sparking concerns over what’s next for Bitcoin (BTC).

Robert Kiyosaki Hints At Economic Depression Ahead

Robert Kiyosaki, in a recent X post, has revealed a stark warning of a looming economic depression. The Rich Dad Poor Dad author warned that a global market crash has already begun, citing Europe, China, and the U.S. as regions facing significant downturns.

In his post, Kiyosaki urged caution, advising individuals to safeguard their finances and maintain their jobs. “Global crash has started. Europe, China, USA going down. Depression ahead?” he asked while emphasizing the enduring value of assets like gold, silver, and Bitcoin. He added, “For many people, crashes are the best times to get rich.”

This warning aligns with Kiyosaki’s earlier prediction of what he called the “biggest crash in history.” Earlier this month, he encouraged his followers to prepare for financial turmoil, stating, “Please be proactive and get rich… before the BOOMER’s go BUST.”

However, this recent comment from Robert Kiyosaki indicates his sustained confidence in BTC. As the crypto market faces heightened volatility, Bitcoin could emerge as a hedge against traditional market instability, he noted. Besides, it also indicates that the flagship crypto, alongside gold and silver, might continue to gain traction amid this economic turmoil.

What’s Next For BTC?

Bitcoin price today has continued its volatile trading, losing nearly 1.5% over the last 24 hours to $95,323. The crypto touched a high and low of $97,260 and $93,690 in the last 24 hours, showcasing the highly volatile scenario in the market.

In addition, the US Spot Bitcoin ETF also recorded significant outflow, with BlackRock Bitcoin ETF witnessing its largest outflux since its launch. This has weighed on the investors’ sentiment, sparking concerns over a waning institutional interest.

However, despite that, many experts remained confident on the asset’s future trajectory. For context, in a recent X post, Peter Brandt shared a new BTC price target, indicating his confidence in the digital asset.

On the other hand, institutions like Metaplanet have also continued to boost their BTC holdings. These moves indicates that the institutions, as well as many investors, are bullish towards the long-term potential of the crypto. Besides, as Robert Kiyosaki said, the recent dip also provides a buying opportunity to investors, which might further boost Bitcoin to its new ATH ahead.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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