Connect with us

Altcoin

BTC Drops Below $100K, LINK Gains 6%

Published

3 months ago

on


The crypto prices today exhibited bearish momentum, with Bitcoin (BTC) and major altcoins declining. XRP recorded a 5% drop, making it the worst performer among the top 10 cryptocurrencies. In contrast, Chainlink (LINK) emerged as the top gainer, with a 6% rise in the last 24 hours.

Overall market capitalization decreased by approximately 2% to $3.65 trillion. Trading volume increased by 2% to $155 billion. These trends reflect the fluctuating nature of crypto prices today.

Here’s a brief overview of some leading cryptocurrencies by market cap and their prices today, December 9.

Crypto Prices Today: BTC at $99K, ETH, XRP, SOL Drop

Bitcoin (BTC) price suddenly fell by $2,000, dropping from $101,000 to $99,000. Major altcoins followed Bitcoin’s downward trend, declining by 2% to 5%. Meme coins also faced a bearish momentum, with prominent coins like Dogecoin (DOGE) and Shiba Inu (SHIB) showing losses of 2% to 4%. Crypto prices today indicate a market-wide pullback, reflecting cautious investor sentiment.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $99,245 at the time of writing, marking a 1% decline over the past 24 hours. Its 24-hour low and high were $98,698 and $101,324, respectively. Bitcoin’s market capitalization stood at $1.96 trillion, with a trading volume of $50 billion and a market dominance of 54.03%.

In related developments, Bitcoin entered a boom phase following Donald Trump’s victory in the U.S. presidential elections. The Trump administration is reportedly considering creating a strategic Bitcoin reserve for the country. Additionally, MicroStrategy‘s Founder and Chairman, Michael Saylor has entered the discussion surrounding the proposed Bitcoin reserve, drawing significant attention from the crypto community.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,951, with a 24-hour low of $3,925 and a high of $4,015. Its market capitalization stood at $475 billion, with a 24-hour trading volume of $24 billion. Ethereum holds a market dominance of 13% and remains the second-largest cryptocurrency by market cap. As crypto prices today show strong momentum, Ethereum continues to be a major player in the market.

XRP Price Today

XRP price was trading at $2.489, with a 24-hour low of $2.469 and a high of $2.639. Its market capitalization stood at $142 billion, with a 24-hour trading volume of $11 billion. XRP had a market dominance of 3.91%, reflecting its position within the top cryptocurrencies by market cap.

Solana Price Today

SOL price was trading at $232, with a 24-hour low of $231 and a high of $241. Its market capitalization stood at $110 billion, with a 24-hour trading volume of $3 billion. Solana is now ranked 5th by market cap, with a market dominance of 3%. Crypto prices today showed moderate fluctuations for Solana, reflecting its ongoing market performance.

Crypto analysts are predicting that Solana could reach $420 during the upcoming festive season. This projection is based on expected increased demand and positive market sentiment surrounding the token.

Meme Crypto Prices Today

Top meme coins have also followed the broader market trend, showing a decline. DOGE was down by 2%, trading at $0.45, while SHIB fell by 4%, now trading at $0.00003131. Other popular meme coins like BONK and WIF saw losses between 4% and 6%. However, PEPE was an exception, recording a 4% increase, trading at $0.00002684.

In a positive development for Shiba Inu, its Layer-2 scaling solution Shibarium reached a significant milestone, crossing the 2 million wallet mark 16 months after its launch. Crypto prices today reflected a mixed performance in the meme coin market, with some coins experiencing minor gains while others continued to decline.

Top Crypto Gainer Prices Today

Chainlink

Chainlink (LINK) price was the top gainer in the last 24 hours, seeing an 8% increase. It was trading at $26.82, with a 24-hour low of $24.71 and a high of $27.22. With a market capitalization of $17 billion, LINK remains among the top 20 cryptocurrencies by market cap reflecting its strong performance in the market.

Mantle

Mantle (MAN) price was trading at $1.20, up by 5% in the last 24 hours. Its 24-hour low and high were $1.16 and $1.34, respectively. The market cap stands at $4 billion.

Pepe

Pepe (PEPE) price was up by 4%, trading at $0.0000266, with a 24-hour high of $0.00002746. Its market cap stands at $11 billion.

Top Crypto Loser Prices Today

Peanut the Squirrel

Peanut the Squirrel (PNUT) price was down by 12% in the last 24 hours, trading at $1.39. Its market cap stands at $1.38 billion. Crypto prices today show this as the worst performer among top coins.

EOS

EOS (EOS) price was trading at $1.26, down by 7% in the past 24 hours. Its 24-hour low and high were $1.25 and $1.34, respectively. Its market cap stands at $1.9 billion.

Jupiter

Jupiter (JUP) price was trading at $1.29, down by 6% from the last 24 hours. Its 24-hour high was $1.38, with a market cap of $1.75 billion. It was the third-worst performer among crypto prices today.

The hourly chart looks bearish for the crypto market, with major altcoins down in the last hour. Bitcoin (BTC) was down by approximately 1%, and macro altcoins saw declines ranging from 0.5% to 2%. Crypto prices today reflect the downward momentum in the market, indicating short-term pressure on the leading cryptocurrencies.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Analyst Reveals Two XRP Price Levels To Watch, Is $250 On?

Published

1 hour ago

on

February 22, 2025

By


XRP price has continued its bearish consolidation as Ripple community investors continue to weigh the impacts of the recent Bybit hack. Against some visible trends, XRP has maintained its price drawdown but has stayed above the $2.5 mark despite the massive selloff. In light of this crypto technical analysis platform, More Crypto Online, the coin remains neutral and indecisive. This outlook has introduced a major twist in the expectation that the coin could hit $250 in the near long term.

XRP Price Trading Within Very Tight Range

According to an update on X More Crypto Online, XRP remains rangebound, holding above the invalidation point at $2.47. At the time of writing, the coin was changing hands for $2.592, down by 0.63% in the past 24 hours. The coin has moved from a low of $2.512 to a high of $2.597 before settling at the current level.

Per the analytical platform, the bullish structure of XRP remains technically intact despite the latest offsets. However, the current outlook shows the coin has not made a major move to break above the resistance point at $2.8. This implies the coin will likely see the bearish scenario play out for a few more days.

The analysis outfit issued two primary price levels for traders to watch. This includes the $2.47 invalidation level and the $2.75 breakout zone. Breaching these two levels can imply a further dropdown or rally for the coin.

Is the $250 Price Target Still Feasible?

In an earlier XRP price analysis, CoinGape reported that market analyst XRP Captain predicted the coin may hit $250 between now and 2026. This forecast is hinged on the premise that Ripple whales were accumulating the coin rapidly.

While analysts are generally optimistic regarding Ripple, this is by far the most ambitious projection for the coin. As reported earlier, the influence of the coin’s supply was showcased as a major bane toward achieving this massive projection.

However, the environment remains promising, considering the pro-crypto outlook of the United States government.

Ripple Lawsuit Impact

Bringing the Ripple Labs versus United States Securities and Exchange Commission (SEC) lawsuit is key to the future of the XRP price. Earlier, Coinbase and the US SEC agreed to dismiss their lawsuit, which is pending the commission’s approval. The community is optimistic that the Ripple Labs lawsuit will be the next in line to be dismissed.

Beyond this, the impact of the potential XRP ETF approval on the coin’s price is also profound. Despite the effects of the Bybit hack and the current consolidation, the optimism for a massive breakout is high.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Litecoin Whales On Buying Spree Sack 930K Coins Amid LTC ETF Buzz, What’s Next?

Published

8 hours ago

on

February 22, 2025

By


Litecoin whales have shaken the crypto market to its core on Saturday, embarking on a massive buying spree amid the latest ETF advancement. Renowned crypto analyst Ali Martinez revealed that these whales accumulated nearly 1 million tokens over the past two weeks. Investors are eyeing this as a highly bullish event, given that the market has also seen Canary Capital’s LTC ETF on the Depository Trust & Clearing Corporation (DTCC) recently.

Litecoin Whales Buy Heavily, Investors Bullish Amid ETF Development

According to an X post by Ali Martinez on February 22, Litecoin whales acquired 930,000 tokens in the past two weeks. This data reverberated substantial market optimism for the crypto, underscoring heightened buying pressure despite the broader market turbulence.

Litecoin Whales Litecoin Whales
Source: Ali Charts, X

Notably, crypto whales are large-scale investors with considerable trading experience in the market. Their trade maneuver to accumulate coins surfaces as bullish news, underlining market confidence in the token’s potential to gain on the back of recent developments.

Canary Capital’s ETF Emerges On DTCC

The latest ETF development for the token has solidified hopes of an approval ahead. CoinGape reported that Canary’s LTC ETF appeared on the DTCC platform under the ticker LTCC this week. This saga has solidified investor bullishness as an exchange-traded product backed by the crypto may be available soon.

Also, renowned ETF analyst Eric Balchunas further anticipated that there is a 90% chance of approval in 2025. The Litecoin whale accumulations amid this bullish event have further boosted the coin’s market sentiment, indicating potential gains ahead.

LTC Price Eyes Rally?

However, despite the massive buying, LTC price tanked over 5% on Saturday, closing in at $128.13. The coin hit a bottom and peak of $123.93 and $139.86 in the past 24 hours. The weekly chart for the token also illustrated a 3% drop. This waning action primarily falls in with the broader crypto market volatility.

Nevertheless, renowned crypto trader Carl Moon took to X, revealing that a $143 price target looms for the token. As per Carl, LTC is forming a bullish flag on lower timeframes, signaling an uptrend ahead. The significant buying pressure brought by Litecoin whales further supports this bullish prediction.

Litecoin (LTC) priceLitecoin (LTC) price
Source: Carl Moon, X

Crypto market traders and investors thoroughly monitor the token, reflecting optimism amid recent ETF developments and strong whale support.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Lawyer Estimates Maximum Timeframe for Ripple vs SEC Case Dismissal

Published

9 hours ago

on

February 22, 2025

By


Amidst the SEC’s positive approach to XRP exchange-traded funds (ETFs), anxiety is building around the potential resolution of the Ripple lawsuit. Notably, the recent settlement of the Coinbase case has fueled community optimism about a potential dismissal of the XRP lawsuit. According to legal expert Jeremy Hogan, a settlement in the Ripple vs. SEC case is possible as early as Q2 2025.

Will XRP Lawsuit be Settled by May 2025?

As the community awaits an imminent resolution in the XRP lawsuit, advocate Jeremy Hogan shared his insights. In an X post, Hogan stated that the Ripple vs. SEC case could witness a settlement by the first half of April or early May. However, he clarified that the prediction is merely his intuition and not based on any concrete evidence.

Hogan’s comments came in response to Good Morning Crypto host Johnny Krypto’s post. Addressing Hogan, Johnny Krypto shared a thread, seeking the lawyer’s opinion on the impending conclusion of the XRP lawsuit. The message read, “Do you think the XRP case can get dropped sooner than you originally thought or does May still feel right to you gut??

Coinbase Case Closure and XRP Lawsuit Settlement

In a surprising development, the US SEC agreed to drop the prolonged Coinbase lawsuit, marking a significant milestone in the crypto space. The move also highlights the SEC’s regulatory changes that visions the establishment of the US crypto environment.

Celebrating the significant development, Coinbase CEO Brian Armstrong posted on X that the platform reached an agreement with the SEC after “years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country.”

Meanwhile, Jeremy Hogan sees the Coinbase suit dismissal with prejudice as a strong win, as it permanently closes the case. He means that there is no room for the SEC to refile the case.

Notably, as per Hogan’s words, the SEC’s bold move suggests they’re not waiting for Commissioner Atkins’ confirmation to take decisive action on crypto regulation. This implies the SEC might make more crypto-friendly moves even before Atkins takes office, potentially indicating an imminent XRP lawsuit settlement.

SEC’s XRP ETF Acknowledgements Spark Enthusiasm

Over the last few days, the SEC has taken significant steps towards potentially approving XRP ETFs. Particularly, the SEC acknowledged XRP ETF applications submitted by multiple asset managers including Grayscale, 21Shares, CoinShares, Bitwise, and Canary Capital.

This optimistic move, coupled with the SEC’s decision to drop the Coinbase case, has sparked speculations of an early XRP lawsuit settlement. Previously, Jeremy Hogan posited that the XRP lawsuit conclusion could be possible before the SEC’s approval of an XRP ETF.

Although the SEC’s ETF nod doesn’t assure approval, it has fueled community optimism about a potential ETF launch and lawsuit dismissal. As per wider speculations, with the SEC recognizing XRP ETF applications, a lawsuit dismissal is now within reach.

✓ Share:

Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io