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BTC Fell Below $95K, Altcoins Crashed
Today, the cryptocurrency market witnessed a sharp price decline, with Bitcoin (BTC) price trading below $95,000. Major altcoins like Ethereum (ETH), XRP, Solana (SOL), and Binance Coin (BNB) saw their prices crash to week lows. When writing, UNUS SED LEO (LEO) was the only top gainer, showing just a 2% increase over the last 24 hours. The market crash led to liquidations worth $1.46 billion in the past 24 hours.
The global cryptocurrency market today recorded an approximate 5% decline, bringing the market capitalization to $3.46 trillion. Despite the drop, trading volumes surged by 107%, reaching $324 billion. The Fear and Greed Index shifted to 76, indicating greed compared to the previous state of extreme greed.
Here’s an overview of some top cryptocurrencies by market cap and their prices today, December 10:
Cryptocurrency Market Today: BTC, ETH, SOL and XRP Crashed
Bitcoin (BTC) price crashed suddenly, hitting a low of $94,286 today, marking a sharp downturn in the market. Major altcoins like Ethereum (ETH), Solana (SOL), and XRP also witnessed declines ranging from 5% to 10%, further amplifying bearish sentiment in the cryptocurrency market today.
However, on a positive note, Hester Peirce outlined key crypto reforms initiated during Donald Trump’s leadership. These reforms aimed to establish a clearer regulatory framework for digital assets, fostering long-term growth and innovation in the cryptocurrency market.
Bitcoin Price Today
Bitcoin (BTC) price was trading at $97,082, reflecting a 2% decline over the past 24 hours. The 24-hour high stood at $100,358, with the cryptocurrency holding a market cap of $1.92 trillion and a 24-hour trading volume of $111 billion. Bitcoin’s market dominance remained strong at 55.71%.
As per Farside Monday, BTC ETFs saw varied activity. Fidelity reported significant inflows of $175 million, while Bitcoin ETFs overall recorded $85 million in inflows. Meanwhile, Bitwise and ARK reported outflows of $39 million and $34 million, respectively. Data on BlackRock’s ETF remains awaited, leaving investors keen on updates.
In a noteworthy development, a Russian lawmaker proposed the creation of a Bitcoin reserve. The initiative aims to enhance financial stability, circumvent international sanctions, and capitalize on cryptocurrency’s increasing value. This move underscores the growing recognition of Bitcoin’s strategic importance on the global stage.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,691, down 7% from the previous day. The 24-hour price range for ETH was between $3,523 and $3,954. Ethereum’s market cap stood at $445 billion, with a 24-hour trading volume of $60 billion and a market dominance of 12.93%.
In ETF activity, ETH ETFs saw $5.6 million in overall inflows, largely driven by Fidelity’s contribution of $30 million. However, Bitwise and ARK reported outflows of $13 million and $4 million, respectively. Data regarding BlackRock’s ETH ETF is still awaited, keeping the market speculative.
XRP Price Today
XRP price was trading at $2.08, marking a sharp 16% decline over the past 24 hours. The market cap stands at $119 billion, with a significant 24-hour trading volume of $20 billion. XRP’s 24-hour low and high were $2.08 and $2.49, highlighting the ongoing volatility in the cryptocurrency market today.
Solana Price Today
Solana (SOL) price was trading at $210, showing stability within a 24-hour range of $209 to $232. The cryptocurrency holds a market cap of $100 billion and reported a 24-hour trading volume of $9 billion. SOL ranks as the 5th largest cryptocurrency by market capitalization and maintains a market dominance of 2.94%.
Meme Crypto Performance Today
The meme coin sector has seen a sharp drop in prices, reflecting the bearish trend in the cryptocurrency market today. Dogecoin (DOGE) fell by 14%, now trading at $0.3878, with a 24-hour high of $0.454. Similarly, Shiba Inu (SHIB) experienced a 19% decline, with its price now at $0.00002524.
Other popular meme coins, including PEPE, WIF, and BONK, also reported losses ranging between 15% and 25%. The significant downturn highlights the increased volatility in the meme coin sector as market sentiment remains weak.
Top Crypto Gainers Prices Today
UNUS SED LEO
In the bearish cryptocurrency market today, UNUS SED LEO (LEO) emerged as the only coin with a 24-hour gain, up by over 2%. LEO was trading at $9.50, with a 24-hour low of $9.246 and a high of $9.563. The token holds a market cap of $8.85 billion, maintaining stability amid the broader market downturn.
Top Crypto Losers Prices Today
GALA
GALA price saw a significant drop of 25%, making it the worst-performing token in the last 24 hours. It was trading at $0.0443, with a 24-hour high of $0.05799. GALA’s market cap stands at $1.6 billion, and it reported a 24-hour trading volume of $767 million, reflecting a significant decline in activity.
Worldcoin
Worldcoin (WLD) price experienced a significant 23% drop in price, trading at $2.80. Its 24-hour high reached $3.645, but the overall market downturn weighed heavily on its performance. With a market cap of $2.09 billion and a trading volume of $1.3 billion, WLD became the second-worst performer of the day.
Overall, the cryptocurrency market is down today, with most coins in the red or showing negative trends. The hourly charts also reflect a bearish sentiment, with Bitcoin (BTC) down by 1% in the last hour. Meanwhile, major altcoins have seen declines of 2% to 4% in the hourly chart.
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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Bitcoin (BTC) price volatility is slowing down as the coin’s capitulation continues. At the time of writing, Bitcoin’s price was changing hands for $84,278.83 as it pared off the losses accrued in earlier trading. At this pace, the question now hinges on whether BTC can form sustainable support at the $84,000 price mark or whether further drawdown lies ahead.
Core Bitcoin Price Metric to Watch
According to Glassnode data, BTC Short-Term Holders (STH) are under increasing pressure. This group’s unrealized losses have surged, pushing many STH coins into losses. As revealed, their holdings are now nearing the two-standard deviation threshold.
Despite this outlook, the data platform hinted that losses remain within historical bull market bounds. Specifically, it noted that these losses are less severe than the May 2021 sell-off from the all-time high. Glassnode said the rolling 30-day losses for STH have topped $7 billion. It confirmed that “this remains well below prior capitulation events, such as the $19.8B and $20.7B losses in 2021-22.”
BTC price jumped to an ATH above $109,000 in January but has since dropped by 22.79%. While experts predicted a drop of over 35%, the limited loss from holders can form a good rebound basis.
BTC Price Bottom In, Here Are Triggers for Rally
Over the past week, Bitcoin has rallied within very tight price ranges, from a low of $81,300 to a high of $87,320. Some market observers believe the coin has attained its floor price and might be set for a rebound.
While firms like Strategy have kept Bitcoin purchase plans alive with Strife’s perpetual stock offering, the Global Money Supply M2 also lays a positive basis for growth. With the current outlook, the projection that the $83,00 level is the BTC price floor is resounding among analysts.
The shift in regulation and the backing of Bitcoin by President Donald Trump creates a tailwind for the coin’s proponents. At the Digital Asset Summit earlier this week, President Trump reiterated the plan to make the US the crypto capital of the world.
Several government agencies have shifted their policies in this regard, which might attract investors in the long term.
How High Can Bitcoin Valuation Rise?
Despite the slowdown in growth in recent weeks, many market leaders are still confident in the coin’s prospects. As reported earlier by CoinGape, Bitwise CIO Matt Hougan maintained the price target of $1 million by 2029. He cited a longer-term reaction to macroeconomic uncertainties as the basis for his prediction.
While this Bitcoin price prediction appears lofty, others believe Bitcoin may cross $200,000 once the bull rally returns. With spot Bitcoin ETF hype and other growing institutional adoption, BTC price has an arguably bright future.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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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Despite the recent attempt by the bulls, Ethereum price has struggled to regain past $2,000 levels recently. Market analysts believe that there’s enough possibility that ETH could see another 50% drop to $1,000 as some early ETH whales resolve to heavy profit booking.
Ethereum Price Struggles to Regain $2,000
Amid the overall market uncertainty, Ethereum continues to face some selling pressure as bulls fail to regain control over $2,000 levels. Crypto analyst Ali Martinez has stated that investors should maintain caution before building fresh positions in ETH.
“Ethereum hits $2,000. Cool, but zoom out! The big picture is brewing something bigger,” Martinez stated. As per the below chart shared by Martinez, if bulls fail to hold the Ethereum price above $2,050, it risks further falling to the next support at $1,500, and even below all the way to $1,095 levels, per his recent ETH price prediction.
As of press time, the ETH price is trading 2.26% down at $1,973 with its daily trading volume dropping over 40% to $12.21 billion. Furthermore, the ETH futures open interest has also dropped 4% under $20 billion. A recent ETH price prediction also hints that the crypto will hover near $2K for some time ahead.
Early ETH Whale Sells 34,125 Coins
Blockchain analytics platform SpotonChain reported that a major ETH whale appears to have secured a massive profit of $65.66 million, marking a staggering 4,156% return on investment. The whale’s holdings date back to March 2017 when they acquired the ETH from platforms like Changelly, Bitfinex, ShapeShift, and Binance at an average cost of just $46.3 per token.
The whale, identified as “0x086,” deposited its entire ETH holdings of 34,125 ETH to crypto exchange Coinbase a few hours ago. This transaction happened at an average Ethereum price of $1,970.
Currently, the ETH whale activity remains mixed as some big players are moving it from exchange and moving it to staking to earn the extra yield. These are specifically the long-term ETH holders holding with diamond hands.
BlackRock Explains Why Ethereum ETFs Are Struggling
Despite Ethereum price eyeing a relief rally past $2,000, there’s no major relief for spot Ethereum ETFs. The outflows have continued through March 2025 so far, highlighting a major drop in institutional sentiment.
While speaking at the Digital Asset Summit (DAS) in New York City, BlackRock’s head of digital assets Robbie Mitchnick explained the real reason behind this fall. Mitchnick suggested that the ETFs could have performed better if they had included staking, noting that the absence of this feature made the launch “less perfect.”
“A staking yield is a meaningful part of how you can generate investment return in this space. And all the [Ether] ETFs, of course, at launch did not have staking,” he said.
On Thursday, crypto asset manager Bitwise filed a proposal to introduce staking on Ethereum ETFs. The New York Stock Exchange (NYSE) has proposed amendments to allow the listing and trading of shares for the Bitwise Ethereum ETF, incorporating staking capabilities.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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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Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, the analyst alluded to a previous analysis, in which he predicted that XRP could reach $130, a move which confirms that the altcoin is still on the path to this ambitious target.
XRP Price Set To Rally To $130
In an X post, Egrag Crypto confirmed that the XRP price could rally to $130. He alluded to a previous analysis in which he predicted that the altcoin could rally to this target while stating that only a few understand what is coming for the altcoin. Back then, the analyst had highlighted $130 as one of the massive macro targets as XRP eyes a parabolic breakout.
He also raised the possibility of XRP entering its most explosive phase yet and added that the “eruption is near.” Indeed, XRP might be about to enter its most explosive phase, considering that the US SEC has agreed to drop the Ripple lawsuit. This development is very bullish for the XRP price, as the long-running legal battle had negatively impacted the altcoin during the 2021 bull run.
In another X post, Egrag Crypto revealed how XRP could rally to as high as $8 in the midterm. He stated that a close above $2.66 would be a good sign, followed by another close above $2.97, which would be a second bullish confirmation.
The analyst asserted that the ultimate confirmation for a bullish trend would be a close at $3.40. Egrag Crypto stated that the next targets are between $5 to $8 if XRP hits $3.40, which is the current all-time high (ATH).
What Next For The Altcoin As Key Structure Holds
Crypto analyst CasiTrades revealed that the XRP price has held its structure. She noted that the altcoin took a strong dip to a local 0.5 retracement level but held structure right where it needed to. She added that even with the break below $2.40, XRP respected the channel structure and closed at the 1.236 extension for Wave C.
The analyst remarked that this price action is textbook Wave 4 behavior and, as long as XRP doesn’t witness further breakdowns, new highs could be loading. She warned that this is still a critical moment. If the channel continues to hold, CasiTrades predicts that the altcoin should make a push toward $2.65 to $2.70 with the breakout.
She again affirmed that $2.70 is the next major level to flip to support to continue the macro trend up towards ATH. The analyst revealed that the $2.45 price level is the resistance that will help confirm this push. Coincidentally, XRP is currently testing this level. CasiTrades warned that if the altcoin can’t break it, it could record another dip to the deeper 0.618 retracement level at $2.36.
Regardless of any dip, the crypto analyst asserted that the XRP price remains bullish on the macro degree, sitting above its major 0.382 retracement level at $2.25. She remarked that new highs above $3.40 should be printing soon.
Besides the SEC’s decision to drop the Ripple lawsuit, fundamentals such as Bitnomial’s launch of XRP Futures contracts also provide a bullish outlook for the altcoin and could spark a significant price surge.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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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