The crypto prices today have once again showcased a turbulent shift, setting off waves of speculations among traders and investors globally. Bitcoin (BTC) price backtracked to the $96k level, whereas Ethereum (ETH), Solana (SOL), and XRP mirrored a slumping movement. However, it’s worth mentioning that Bitget’s BGB token has defied the broader market trend to witness unprecedented gains.
Meanwhile, the global crypto market cap was recorded slipping nearly 2.5% over the past day, reaching $3.34 trillion. Besides, the total market volume from yesterday witnessed a 5% increase to $123.46 billion. Let’s delve deeper into the top coins and their price action on December 27.
Amid the broader market’s recent volatility due to the U.S. Fed’s Hawkish stance with rate cuts, top cryptos such as BTC, ETH, XRP, and SOL face heat across the broader market. Bitcoin continued backtracking, reaching the $96K level today, whereas ETH, SOL, and XRP prices cracked 2%-4% intraday. Here’s a brief report on the top crypto prices today.
BTC price witnessed a 2.5% drop in the past 24 hours and is currently trading at $96,236. Its 24-hour low and high were $95,137 and $98,973, respectively. Bitcoin’s market dominance stood at 57.05% today, indicating a dominant market stance for the flagship crypto.
Besides, long-term prospects for the coin remain optimistic in light of the asset witnessing heightened buying. CoinGape reported that American energy management company KULR had purchased $21M worth of BTC recently. Although this buying projects optimism over the crypto’s future prospects, it’s also worth considering the recent market volatility.
Another CoinGape report revealed that the crypto eyes a correction to $80K in the wake of the current market trends. Market participants remain apprehensive in light of these stats.
On the other hand, ETH price slipped by nearly 2% intraday and is currently sitting at $3,380. Its 24-hour low and high were $3,302.31 and $3,446, respectively. Ethereum’s slumping action follows the broader market trend.
However, Coinglass data sparked slight optimism over the asset’s market potential. Notably, ETH’s futures OI witnessed a marginal 1% increase to $23.47 billion. Moreover, the derivatives volume rocketed 29% in value to $35.69 billion. Market watchers continue to eye the crypto for further price action shifts amid a broader turbulent market.
SOL price waned nearly 3% in the past 24 hours and is currently trading at $190.31. Its intraday low and high were $186.86 and $195.27, respectively. The crypto’s future price movements remain uncertain amid the broader market’s volatile movement.
Coinglass data indicated a 3% drop in Solana’s futures OI, whereas the derivatives volume soared 24%. However, despite the recent correction, a CoinGape report revealed that Solana could reach between $400 and $500 in this cycle.
At press time, XRP price dipped nearly 3.5% and is currently trading at $2.18. Its intraday low and high were $2.13 and $2.25, respectively. Despite soaring optimism across the Ripple community in light of favorable legal maneuvers and strong market technicals, the token currently faces heat. Nevertheless, a recent CoinGape report spotlighted a $27 price target for XRP, sparking contrasting speculations on future movements.
Dogecoin witnessed a 3% drop in value and is currently sitting at $0.3156. Moreover, Shiba Inu witnessed a 2% decline to $0.00002182. Even PEPE, BONK, and PENGU cracked 1%-13% intraday, aligning with the broader market trend.
BGB price soared nearly 17% over the past day and is currently trading at $7.67. Its intraday low and high were $6.17 and $7.87, respectively.
FTT price soared 8% over the past day and is currently sitting at $3.80. Its intraday low and high were $3.33 and $4.10, respectively.
GT price gained 5% intraday and is currently trading at $15.95. Its 24-hour low and high were $14.79 and $17.67, respectively.
MOVE price dipped 8% over the past day and is currently trading at $1.04. Its 24-hour low and high were $1 and $1.20, respectively.
HBAR price slipped 8% in the past 24 hours and is currently trading at $0.286. Its intraday low and high were $0.2805 and $0.3094, respectively.
FTM price waned 7% over the past day and is currently trading at $0.88. Its 24-hour low and high were $0.86 and $0.95, respectively.
Market watchers are eagerly awaiting a market recovery as top experts believe that the current bull cycle has yet to end. BTC & ETH prices gained 0.06% and 0.15% within the hourly time frame, respectively, sparking optimism over the future movements of crypto prices.
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