Cryptocurrency Price Today: Bitcoin Remains Above $42,000 Despite Minor Losses
Cryptocurrency price on December 11 quick take: The global market cap rose to $1.58 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained above the $42,000 mark early Monday, despite minor losses for top coins. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — saw minor dips across the board. As per CoinMarketCap data, the market fear and greed index stood at 80 (extreme greed), marking a favourable stance towards crypto coins as everyone seems to be cashing in on the holiday season boost. Helium (HNT) emerged to be the biggest gainer, while Flow (FLOW) became the biggest loser.
The global crypto market cap stood at $1.58 trillion at the time of writing, registering a 24-hour loss of 3.40 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $42,444.70, registering a 24-hour dip of 3.14 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 37.25 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,253.64, marking a 24-hour loss of 4.13 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.97 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.10 percent, as per CoinMarketCap data, currently priced at $0.09886. As per WazirX, Dogecoin price in India stood at Rs 8.60.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 4 percent. At the time of writing, it was trading at $74.07. LTC price in India stood at Rs 6,355.09.
Ripple (XRP) Price Today
XRP price stood at $0.6297, seeing a 24-hour loss of 5.32 percent. As per WazirX, Ripple price stood at Rs 55.
Solana (SOL) Price Today
Solana price stood at $71.82, marking a 24-hour dip of 1.40 percent. As per WazirX, SOL price in India stood at Rs 6,297.37.
Top Crypto Gainers Today (December 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Helium (HNT)
Price: $5.24
24-hour gain: 18.62 percent
Injective (INJ)
Price: $22.11
24-hour gain: 15.89 percent
BitTorrent (New) (BTT)
Price: $0.000001261
24-hour gain: 13.20 percent
Avalanche (AVAX)
Price: $35.95
24-hour gain: 10.27 percent
eCash (XEC)
Price: $0.00003714
24-hour gain: 9.96 percent
Top Crypto Losers Today (December 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Flow (FLOW)
Price: $0.7796
24-hour loss: 9.65 percent
Kava (KAVA)
Price: $0.7807
24-hour loss: 9.49 percent
Neo (NEO)
Price: $11.99
24-hour loss: 9.04 percent
ApeCoin (APE)
Price: $1.68
24-hour loss: 8.76 percent
Theta Network (THETA)
Price: $1.07
24-hour loss: 8.67 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is encountering a surge in take-profit and sell orders, leading to widespread market liquidations following its recent peak at $44,700. The market is currently witnessing a struggle for dominance between bulls and bears. An upward move beyond the $44,700 resistance could suggest a continuation of the uptrend, while a downward plunge might find support at the $40,600 level. Concurrently, Ethereum has mirrored Bitcoin's movement, recording a 4 percent decline in the past 24 hours as substantial holders take profits.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The week has started with corrections within the crypto market. As per data on CoinGecko, the top 10 cryptos by M.Cap. are currently trading in the red. Most of the losses, however, have happened around 6am IST onwards. These could be a result of liquidations of over $335 million over the last 12 hours, with $300 million in long positions, as per data from Coinglass. In terms of blockchain-network-specific action, Chainlink's expanded crypto-staking program raised over $632 million in just six hours of the early access period last Friday; this also led to a surge for LINK. Simultaneously, Stabelcoin issuer Tether froze 41 wallets on Saturday as a precautionary measure. These wallets were held by individuals listed on the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List.”
CoinDCX Research Team told ABP Live, “Over the weekend, the crypto market maintained a quiet atmosphere, with some bullish movements in altcoins. However, as the new week began, Monday saw a sudden downturn – BTC plummeted by over 7 percent, briefly dipping below $40,500 and touching the 20 EMA Daily. It swiftly recovered to $42,500. Simultaneously, ETH experienced an 8 percent decline but managed a partial recovery above $2,250. The abrupt market movement seems to be more of a correction or profit booking, considering BTC's eight consecutive weekly candle closures in the green.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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