Cryptocurrency prices today showed a bearish trend as Bitcoin (BTC) dropped below $93,000, Helium (HNT) declined by 12%, and Quant (QNT) fell by 10%, highlighting market challenges. The global market cap decreased by 1.5% to $3.22 trillion, while trading volume surged by 50%, reaching $139 billion, reflecting heightened activity despite the downturn.
Let’s explore the price movements of top cryptocurrencies by market cap on December 31.
Bitcoin (BTC) price dipped below $93,000, showcasing volatility after its recent highs. Ethereum (ETH) struggled, showing a downward trend alongside Ripple (XRP) and Solana (SOL), as everything is down in the current market scenario. These major cryptocurrencies reflected the overall bearish sentiment, with investors closely monitoring their next moves.
Bitcoin price today was trading at $92,503, approximately 1.5% down in the last 24 hours. Its 24-hour low and high were $91,487 and $95,080, respectively. Notably, Bitcoin’s trading volume surged by 70% in the same period, reaching $55 billion.
As per Farside Investors, BTC ETFs recorded an outflow of $415 million, marking two consecutive days of outflows. Grayscale reported an outflow of $165 million, while Fidelity sold $154 million worth of BTC.
In other news, Riot Platforms’ executive revealed how Operation Chokepoint 2.0 impacted Bitcoin mining. Energy regulators’ measures have added challenges to the industry, highlighting an issue that demands further scrutiny.
Ethereum price today was trading at $3,336, reflecting a 2.4% drop in the last 24 hours. Its 24-hour low and high were $3,304 and $3,432, respectively. Ethereum’s trading volume saw a notable surge of 66%, reaching $26 billion. ETH ETFs experienced an outflow of $55 million, with $20 million from Fidelity and $31 million from Grayscale.
XRP price today was trading at $2.02, with a 24-hour low of $2.00 and a high of $2.139, showing a 5% drop in the last 24 hours. The cryptocurrency prices today also reflected a market cap of $116 billion and a trading volume surge of 86%, now at $6.49 billion. Crypto analysts suggest that XRP’s price may experience significant momentum shifts based on its RSI levels, indicating potential volatility in the coming days.
Solana (SOL) price today was trading at $190, reflecting a 1% decline in the last 24 hours. Its 24-hour low and high were $186 and $196, respectively. The market cap stood at $91 billion, with a trading volume of $3.21 billion.
Zerebro (ZEREBRO) price today was trading at $0.55, showing a 25% increase in the last 24 hours. Its 24-hour low and high were $0.40 and $0.59, respectively. The market cap stands at $546 million, with a trading volume of $203 million. Over the past week, ZEREBRO has surged by 82%, reflecting strong momentum.
DeXe (DEXE) price was up by 8% today, trading at $13.88. Its 24-hour low and high were $12.67 and $15.88, respectively. The market cap stands at $792 million, with a trading volume of $36 million.
EigenLayer, Morpho, and Goatseus Maximus coins were up by 3 to 5% in the last 24 hours, reflecting positive momentum in the market. These altcoins continue to show growth, contributing to the overall market activity.
HNT price was down by 12%, making it the worst performer in the last 24 hours. It was trading at $5.90, with a 24-hour low of $5.87 and a high of $6.73. The significant decline reflects a challenging market for Helium in this period.
QNT price was down by 10%, now trading at $105. Its 24-hour low and high were $105 and $117, respectively. The market cap stands at $1.27 billion, with a trading volume of $23 million.
Stacks (STX), AAVE, and Fantom (FTM) prices were down by 7 to 8% in the last 24 hours, reflecting a challenging market. Cryptocurrency prices today have shown notable declines, contributing to the overall bearish trend.
Beside this, the hourly charts are now showing no bullish sentiment, with Bitcoin (BTC) and most of the top altcoins down in the last hour. However, in good news, Janover Inc has agreed to accept Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) for payment of specific services, signaling a positive move for crypto adoption.
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