Cryptocurrency Market Today: BTC Drops Below $96K, MOVE and HYPE Face Significant Declines

The cryptocurrency market today remained bearish, with Bitcoin (BTC) dropping below $95,000. Movement (MOVE) plummeted by 20%, and Hyperliquid (HYPE) followed with a 19% drop. Notably, HYPE had been the top gainer for the past two days, recently entering the top 20 in market capitalization.

The global market cap declined by 2% to $3.27 trillion, while trading volume dropped 15% to $138 billion. The fear and greed index also fell from 59 to 54, signaling a shift to neutral sentiment. Major altcoins saw losses ranging from 2% to 5%.

In positive news, pro-Bitcoin former US President Donald Trump appointed Bo Hines as the Executive Director of the Presidential Digital Asset Advisory Committee. This committee led by Chairman David Sacks aims to drive innovation and development in digital assets.

Let’s delve deeper into the performance of top cryptocurrencies as reflected in the crypto prices today December 23.

Cryptocurrency Market Today: BTC, ETH, XRP, and SOL See Declines

Bitcoin (BTC) price has been falling for three consecutive days, dropping from $99K to $94K. Major altcoins are following the same downward trend, with Ethereum (ETH) down by 2% and XRP falling by 4%. Meme coins are also mirroring Bitcoin’s path, declining by 2% to 4% in the last 24 hours.

Bitcoin Price Today

In the cryptocurrency market today, Bitcoin (BTC) is trading at $94,686, marking a 2% drop in the last 24 hours. Its 24-hour low and high were $93,797 and $97,371, respectively, with a market cap of $1.88 trillion and $46 billion in trading volume.

In other news, Peter Schiff, the well-known gold investment enthusiast, proposed an alternative plan for a strategic Bitcoin reserve. This proposal has sparked further discussions in the cryptocurrency market today, reflecting growing debates in the space.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,284, reflecting an approximate 2% drop in the last 24 hours. Its 24-hour low and high were $3,220 and $3,401, respectively, with a market cap of $394 billion and $26 billion in trading volume. Ethereum’s market dominance stands at 12%.

In other news, a crypto analyst has posted that an expert predicts the recent Ethereum price crash was the last one, paving the way for a potential bull rally to five digits. This prediction has sparked optimism among investors, anticipating a recovery in the near future.

XRP Price Today

XRP price today was trading at $2.18, with a 2% drop in the last 24 hours. Its market cap is $124 billion, making it the 4th largest cryptocurrency by market cap.

Ripple Labs CTO David Schwartz recently shared insights about the company’s RLUSD stablecoin. He discussed how the stablecoin could benefit users and developers, marking a significant step for Ripple’s product offerings.

Solana Price Today

SOL price was trading at $182, with a 24-hour low of $176 and a high of $187. The market cap is $87 billion, with $4 billion in trading volume, reflecting the cryptocurrency’s solid presence in the market today.

Meme Coin Prices Today

Meme coin sector has followed the same bearish trend, with Dogecoin (DOGE) down by 3% in the last 24 hours, trading at $0.3173. Shiba Inu (SHIB) also saw a 2% drop, trading at $0.00002177.

On a more positive note, other notable meme coins like PEPE, BONK, and WIF are showing gains ranging from 1% to 4% in the last 24 hours. A crypto analyst recently tweeted about Shiba Inu’s potential price movement, emphasizing a critical support level.

Top Crypto Gainers Prices Today

Aave

AAVE price has seen a 9% increase in the last 24 hours, now trading at $324. Its 24-hour low and high were $292 and $323, respectively, with a market cap of $4.86 billion. The price surge reflects AAVE’s strong performance in the cryptocurrency market today.

FTX Token

FTT price was up by 8% in the last 24 hours, now trading at $3.047. Its 24-hour low and high were $2.782 and $3.068, respectively, reflecting positive movement in the cryptocurrency market today.

Algorand

Algorand (ALGO) price was trading at $0.35, reflecting a 7% increase in the last 24 hours. Its 24-hour low and high were $0.3181 and $0.3625, showing notable price movement.

Top Crypto Losers Prices Today

Movement

MOVE price was the worst performer today, showing a significant 20% drop. After several days of bullish momentum, it was trading at $0.75, with a 24-hour low of $0.71 and a high of $0.92.

Hyperliquid

HYPE price was the second-worst performer today, with a 19% drop in the last 24 hours. It was trading between a low of $25.51 and a high of $34.99.

Despite recent drops from certain coins, the cryptocurrency market is showing some bullish momentum. Bitcoin (BTC) is up by 2% in the last hour, with Ethereum (ETH), XRP, and major altcoins following suit, gaining 2% to 4% in the same time frame. This shift suggests renewed market optimism in the short term.