Today, the cryptocurrency market saw a significant drop in prices, with Bitcoin (BTC) falling below $95,000. Major Altcoins such as Ethereum (ETH), XRP, Solana (SOL), and BNB also hit their weekly lows. At the time of writing, UNUS SED LEO (LEO) was the only currency with the largest gain, rising by only 2% in the past 24 hours. The market crash led to $1.46 billion in liquidations over the past 24 hours.
Today, the global cryptocurrency market declined by around 5%, with the market capitalization dropping to $3.46 trillion. Despite the decline, trading volume surged 107% to $324 billion. The Fear & Greed Index moved to 76, indicating a rise in greed compared to the previous extreme greed.
Here is an overview of some top cryptocurrencies by market capitalization and their prices today (December 10):
Crypto Market Today: BTC, ETH, SOL, and XRP Crash
Bitcoin (BTC) price suddenly plummeted, hitting a low of $94,286 today, marking a sharp market decline. Major Altcoins such as Ethereum (ETH), Solana (SOL), and XRP also experienced 5% to 10% drops, further exacerbating the bearish sentiment in the cryptocurrency market today.
On a positive note, Hester Peirce outlined key crypto reforms initiated during the Donald Trump administration. These reforms aim to establish a clearer regulatory framework for digital assets, fostering long-term growth and innovation in the cryptocurrency market.
Bitcoin Price Today
Bitcoin (BTC) is trading at $97,082, down 2% in the past 24 hours. The 24-hour high was $100,358, and the cryptocurrency's market capitalization is $1.92 trillion, with a 24-hour trading volume of $111 billion. Bitcoin's market dominance remains strong at 55.71%.
According to Farside's data on Monday, BTC ETF activity has been mixed. Fidelity reported inflows of $175 million, while the overall Bitcoin ETF saw inflows of $85 million. Meanwhile, Bitwise and ARK reported outflows of $39 million and $34 million, respectively. Data for the BlackRock ETF is still pending, with investors eagerly awaiting the latest updates.
Notably, a Russian lawmaker proposed establishing a Bitcoin reserve. This initiative aims to enhance financial stability, circumvent international sanctions, and leverage the growing value of cryptocurrencies. This move highlights the increasing recognition of Bitcoin's strategic importance on the global stage.
Ethereum Price Today
Ethereum (ETH) is trading at $3,691, down 7% from the previous day. ETH's 24-hour price range was between $3,523 and $3,954. Ethereum's market capitalization is $450 billion, with a 24-hour trading volume of $60 billion and a market share of 12.93%.
In ETF activity, the total inflows for ETH ETFs were $5.6 million, primarily driven by Fidelity's $30 million inflow. However, Bitwise and ARK reported outflows of $13 million and $4 million, respectively. Data for BlackRock's ETH ETF is still pending, leaving the market speculative.
XRP Price Today
XRP is trading at $2.08, down a significant 16% in the past 24 hours. The market capitalization is $119 billion, with a 24-hour trading volume of $20 billion. XRP's 24-hour low and high were $2.08 and $2.49, respectively, highlighting the ongoing volatility in the cryptocurrency market.
Solana Price Today
Solana (SOL) is priced at $210, trading within a range of $209 to $232 in the past 24 hours. The cryptocurrency's market capitalization is $100 billion, with a 24-hour trading volume of $9 billion. Ranked as the fifth-largest cryptocurrency, SOL has a market share of 2.94%.
MEME Crypto Performance Today
The MEME coin sector saw significant price declines, reflecting the bearish sentiment in the cryptocurrency market today. Dogecoin (DOGE) fell 14%, currently trading at $0.3878, with a 24-hour high of $0.454. Similarly, Shiba Inu (SHIB) dropped 19%, trading at $0.00002524.
Other popular MEME coins, including PEPE, WIF, and BONK, also reported losses ranging from 15% to 25%. The sharp declines highlight the increased volatility in the MEME coin space as the market sentiment remains weak.
Top Gainer in Crypto Prices Today
UNUS SED LEO
In the midst of the bearish cryptocurrency market today, UNUS SED LEO (LEO) was the only token to see a gain of over 2% in the past 24 hours. LEO is trading at $9.50, with a 24-hour low of $9.246 and a high of $9.563. The token's market capitalization is $8.85 billion, maintaining stability despite the overall market downturn.
Biggest Losers in Crypto Prices Today
Gaming
GALA price plummeted by 25%, making it the worst-performing token in the past 24 hours. It is trading at $0.0443, with a 24-hour high of $0.05799. GALA's market capitalization is $1.6 billion, and its 24-hour trading volume is $767 million, reflecting a significant decline in trading activity.
Worldcoin
Worldcoin (WLD) price dropped by 23%, trading at $2.80. Its 24-hour high reached $3.645, but the overall market weakness severely impacted its performance. WLD has a market capitalization of $2.09 billion and a trading volume of $1.3 billion, making it the second-worst performer of the day.
Overall, the cryptocurrency market experienced a decline today, with most tokens in a state of loss or negative trend. The hourly charts also reflect the bearish sentiment, with Bitcoin (BTC) dropping by 1% in the past hour. Meanwhile, major Altcoins have seen 2% to 4% declines on the hourly charts.
