Today’s crypto prices sustain the upward trend witnessed throughout December, with investors leaning towards riskier assets. The recent positive momentum in the broader crypto market propels major cryptocurrencies like Bitcoin and Ethereum to achieve record highs not seen in over a year. Stay tuned for the latest developments in this bullish market.
Amidst a multitude of catalysts driving gains in the crypto market, the buzz surrounding the Bitcoin Spot ETF appears to play a substantial role. Furthermore, the optimistic remarks from central bank officials have bolstered market confidence, with participants now anticipating a potential rate cut as early as March next year. Stay informed as these factors continue to shape the evolving landscape of the crypto market.
In the past 24 hours, Bitcoin surged by 2.65% to reach $41,779.01, accompanied by a notable 91.51% increase in trading volume to $37.46 billion. The leading cryptocurrency hit a 24-hour high of $42,371.75 and a low of $40,703.71.
Simultaneously, Ethereum, the second-largest crypto by market cap, maintained a steady momentum, recording a 0.40% increase to trade at $2,226.80. Its trading volume also saw a significant uptick of 69.74% to $15.42 billion, with the crypto reaching a high of $2,273.07 in the last 24 hours.
Contrarily, XRP experienced a 1.59% decline to $0.6189, deviating from the broader market trend. Its trading volume, however, surged by 73.94% to $1.93 billion. Solana followed suit with a 6.73% decrease to $60.37, while its trading volume increased by 66.30% to $2.17 billion.
Meme coins appear to align with the overall market sentiment. Dogecoin gained 2.46%, reaching $0.08978 in the last 24 hours, and its volume spiked by 127.43% to $1.36 billion. Meanwhile, Shiba Inu recorded a slight uptick of 0.20% to $0.000009051, with a 10.84% increase in volume to $465.95 million. The recent crypto price surge sparked a broader market rally, elevating the global crypto market cap by 1.47% to $1.54 trillion over the last 24 hours. The total market volume also experienced a significant uptrend, surging by 90.75% to $93.58 billion. Despite these positive indicators, investors are advised to exercise caution, as the crypto market fear and greed index currently stands at 79, signaling a prevailing sentiment of greed. Stay tuned for further updates on this dynamic market scenario.
