Cryptocurrency Price Today (December 11): Bitcoin Rises Above $97,000, XDC Becomes Top Gainer
Cryptocurrency price on December 11 quick take: The global market cap dipped to $3.40 trillion.
Bitcoin (BTC), following a day of dip, managed to rise to the $97,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of gains and dips as the overall Market Fear & Greed Index stood at 73 (Greed) out of 100, as per CoinMarketCap data. The XDC Network (XDC) token became the sole top gainer, with a 24-hour jump of nearly 20 percent. Movement (MOVE) was the biggest loser today, with a 24-hour dip of over 48 percent.
The global crypto market cap stood at $3.46 trillion at the time of writing, registering a 24-hour jump of 1.03 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $97,429.29, registering a 24-hour gain of 0.55 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 84.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,667.52, marking a 24-hour dip of 0.25 percent at the time of writing. Ethereum price in India stood at Rs 3.34 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2.35 percent, as per CoinMarketCap data, currently priced at $0.3894. Dogecoin price in India stood at Rs 38.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.33 percent. At the time of writing, it was trading at $109.72. LTC price in India stood at Rs 11,050.09.
Ripple (XRP) Price Today
XRP price stood at $2.30, seeing a 24-hour gain of 7.26 percent. Ripple price in India stood at Rs 210.16.
Solana (SOL) Price Today
Solana price stood at $219.54, marking a 24-hour jump of 1.93 percent. SOL price in India stood at Rs 19,556.75.
Top Crypto Gainers Today (December 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
XDC Network (XDC)
Price: $0.093
24-hour gain: 19.43 percent
Bitget Token (BGB)
Price: $2.90
24-hour gain: 18.62 percent
Ondo (ONDO)
Price: $1.68
24-hour gain: 17.63 percent
Raydium (RAY)
Price: $4.93
24-hour gain: 17.26 percent
Mantra (OM)
Price: $4.05
24-hour gain: 16.98 percent
Top Crypto Losers Today (December 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Movement (MOVE)
Price: $0.694
24-hour loss: 48.40 percent
Aerodrome Finance (AERO)
Price: $1.86
24-hour loss: 6.27 percent
Ethena (ENA)
Price: $0.9095
24-hour loss: 4.21 percent
dYdX (Native) (DYDX)
Price: $1.96
24-hour loss: 3.62 percent
Maker (MKR)
Price: $1,796.03
24-hour loss: 2.54 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is on an upward trend showing strong resilience, recovering from the support levels near $94k. Currently trading at $97,200, BTC is building momentum to sustain at the $100k level. The broader market saw some correction triggering over $450 million in liquidations across tokens. Investors remain cautious with all eyes on the CPI data. Meanwhile, XRP rallies over 20% from its low after NYDFS approves Ripple’s stablecoin - RLUSD bringing renewed interest in the market.”
CoinSwitch Markets Desk noted, “Crypto markets tumbled after Microsoft shareholders rejected a proposal to diversify into Bitcoin, sparking a wave of selling pressure. Bitcoin slipped below the $95K mark, dragging several altcoins deeper into the red. Over $500M worth of leveraged positions, primarily longs, were liquidated within 24 hours. Ethereum dropped to the $3,500 range, with many altcoins seeing double-digit losses. The Greed & Fear Index eased to 74, reflecting a market reset amid the broader correction. In contrast, MARA Holdings boosted its Bitcoin reserves with a $1.1B purchase, reaching an industry-first 50 EH/s hashrate, though its shares still closed down 4.4%.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin is facing intense volatility in December, with liquidation over $2.9 billion. Despite extreme price movements, the derivatives market is now exhibiting lower leverage, which allows room for new potential all-time highs. Institutional investors like MicroStrategy and Riot Platforms have driven accumulations. Market saw Bitcoin ETF inflows over $15.2 billion since October. Bitcoin's fundamentals seem stronger than ever, supporting bullish momentum as the demand for leveraged positions stabilizes and futures premiums revert to neutral.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) remains volatile, trading at $97,604 after a sharp price drop from $101,430 on Dec. 8 to $94,200 on Dec. 9, wiping out $2.9 billion in leveraged positions. Despite this, Bitcoin's derivatives market shows healthier signals, with reduced funding rates and an 8% decline in open interest since Nov. 25. Spot ETFs in the U.S. added $15.2 billion since October, reflecting strong institutional appetite. MicroStrategy, Riot Platforms, and Marathon Digital have also increased holdings. While optimism remains, short-term risks linger amid leverage-based volatility and market uncertainty ahead of Trump’s inauguration.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market has witnessed remarkable developments, highlighted by a record-breaking inflow of $3.85 billion into crypto investment products, bringing the total for the year to $41 billion. This surge is primarily driven by institutional interest, particularly in Bitcoin and Ethereum, which saw inflows of $2.5 billion and $1.2 billion, respectively. Furthermore, following the regulators' approval of Ripple's stablecoin, XRP gained momentum and experienced a 10% surge. Expectations for additional investments and possible ETF launches suggest a positive future outlook as institutional adoption continues to grow.”
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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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