Cryptocurrency Market Today Dec 10: 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.