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Reading: Latest Situation in the Crypto Market! Over $100,000 Gives Hope!
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Latest Situation in the Crypto Market! Over $100,000 Gives Hope!
Bitcoin and BTC

Latest Situation in the Crypto Market! Over $100,000 Gives Hope!

vitalclick
Last updated: December 14, 2024 7:01 am
3 months ago
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The crypto market generally appears to be in an upward trend. Bitcoin (BTC) $100,177.5 It attracted attention by rising above $ 102,000. Major altcoins have also increased by 2% to 5% in the last 24 hours. Virtual Protocol (VIRTUAL) and Core (CORE) were among the top gainers, gaining 16% and 10% respectively.

Bitcoin and Altcoin PricesMarket Volatility and Trends

Bitcoin and Altcoin Prices

Bitcoin (BTC) is trading at $102,000, up 3% in the last 24 hours. Ethereum (ETH) $3,891.0 It increased by 2% and XRP increased by 5%. Meme coins have also gained between 2% and 3% in value in the last 24 hours. VanEck predicts new all-time highs for Bitcoin, Ethereum, and Solana by 2025, driven by U.S. adoption, innovation, and AI integration in blockchain technology.

Virtual Protocol (VIRTUAL) became the highest-earning cryptocurrency of the day with a 16% increase, while Core (CORE) ranked second with a 10% increase. MOVE attracted attention with an increase of 8%. These increases were supported by developments such as listing on major stock exchanges.

Aerodrome Finance (AERO) became the biggest loser of the day with a 4% drop, while Lido Dao (LDO) lost 3%. Other cryptocurrencies generally performed in a positive market trend.

Market Volatility and Trends

The global crypto market cap is at $3.66 trillion, increasing by 2% in the last 24 hours. However, transaction volume decreased by 20% to $173 billion. Bitcoin’s market dominance continues at 55.3%.

Interest from institutional investors continues. While Fidelity invested $60 million in Bitcoin ETFs, Grayscale invested $100 million. This indicates mixed movements in the ETF space.

Frank Ahlgren of Austin, Texas, was sentenced to two years in prison for tax fraud after failing to declare $3.7 million in Bitcoin earnings. This incident highlighted the difficulties of tax compliance in crypto investments.

While there has been a noticeable increase in Ethereum, Solana and other altcoins recently, a general optimism prevails in the crypto market. Experts state that if current trends continue, further rises can be expected in the market.

While these positive developments in the crypto market offer new opportunities for investors, they show that market dynamics should be followed closely. Investors should be careful about market fluctuations and determine their strategies accordingly.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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