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Reading: Crypto Market Falls During Holiday Season
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EdaFace Newsfeed > Latest News > Altcoin News > Crypto Market Falls During Holiday Season
Altcoin News

Crypto Market Falls During Holiday Season

vitalclick
Last updated: December 28, 2024 7:58 am
2 months ago
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Contents
Crypto Market TodayEthereum Market TodayXRP Market TodaySolana Market TodayMeme Cryptocurrency Market TodayToday’s Winners in the Crypto MarketVirtual ProtocolBitget TokenToday’s Losers in the Crypto MarketFTX TokenZcash

The crypto market is experiencing a stagnant period today due to the holiday season. Bitcoin (BTC) $96,653.7 and Ethereum (ETH) $3,417.6 It lost value, causing BTC to fall below 95,000 and ETH to fall to 3,300. It has been more than a month since Bitcoin touched the 94,000 level and finds itself trading in a range between 94,000 and 108,000. Leading altcoins are showing a bearish momentum, losing between 1% and 5%.

Crypto Market Today

Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) experienced significant declines, reflecting the overall market decline. The slowdown in the holiday season continues to have an impact on transaction volumes and prices.

Bitcoin (BTC) price is trading at $94,327, down nearly 2% over the last 24 hours. The 24-hour lows and highs were $93,440 and $97,429 respectively. Robert Kiyosaki reportedly predicted that Bitcoin would reach $350,000 by 2025, and he drew attention to the fact that he recommended self-custody to investors over institutional ETFs.

According to SoSo Value, BTC ETFs experienced an outflow of approximately $367 million on Friday. Fidelity accounted for $208 million of these outflows, while Ark & 21Shares reported $112 million outflow. BlackRock data is awaited.

Ethereum Market Today

Ethereum (ETH) price fell approximately 1% to $3,329. The lowest and highest levels in 24 hours were recorded as $ 3,307 and $ 3,441 respectively. There was $27 million inflow in ETH ETFs yesterday; Fidelity’s $27 million purchase of Ethereum has increased institutional interest.

XRP Market Today

While the XRP price was trading at $2,144, it decreased by approximately 2%. Its lowest and highest levels in 24 hours were $2,126 and $2,234, respectively.

Pro-XRP lawyer John Deaton criticized the new crypto tax reporting rule issued by the Biden administration.

Solana Market Today

Solana (SOL) price is down 2% to trade at $184. Its 24-hour lows and highs were $183 and $194, respectively. Analysts reported the reasons for the decline in Solana price.

Meme Cryptocurrency Market Today

The meme cryptocurrency market follows the same pattern as the top altcoins. dogecoin $0.32215 (DOGE) is down 1% to $0.3142, while Shiba Inu (SHIB) is down half a percent in the last 24 hours. However, BONK attracted attention with a 4% increase; The “BURNmas” event contributed to the burning of over 1 trillion coins.

Today’s Winners in the Crypto Market

Virtual Protocol

Virtual Protocol (VIRTUAL) stood out as the biggest gainer of the day; The price has increased by 15% in the last 24 hours. Its lows and highs in 24 hours were $3.05 and $3.58, respectively. Analysts reported the best cryptocurrencies to invest in for 2025.

Bitget Token

Bitget Token (BGB) price increased by 9% in the last 24 hours and reached $8.36. This increase is due to Bitget announcing plans to burn $800 million worth of tokens in the future, creating positive momentum on Bitget Token.

Today’s Losers in the Crypto Market

FTX Token

FTX Token (FTT) price dropped 16% to $3.27, making it the worst performing cryptocurrency in the last 24 hours. Its lows and highs in 24 hours were $3.27 and $3.93, respectively. This decline reflects FTX’s difficulties in the crypto market.

Zcash

Zcash (ZEC) is trading at $61.72, down nearly 10%. The 24-hour low and high were $61.61 and $68.92, respectively. This shows the volatility in the crypto market.

Fluctuations in the crypto market point to the impact of the holiday season on investor behavior. Investors observe a decrease in transaction volumes towards the end of the year. A recovery in the markets is expected in the coming weeks.

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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