Cryptocurrency Price Today (December 12): Bitcoin Rises Above $101,000, AAVE Becomes Top Gainer
Cryptocurrency price on December 12 quick take: The global market cap rose to $3.66 trillion.
Bitcoin (BTC), following a day of dip, rose above $101,000 early Thursday. 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 80 (Extreme Greed) out of 100, as per CoinMarketCap data. The AAVE token became the sole top gainer, with a 24-hour jump of nearly 34 percent. XDC Network (XDC) was the biggest loser today, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $3.66 trillion at the time of writing, registering a 24-hour jump of 5.89 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $101,824.94, registering a 24-hour gain of 3.40 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 84.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,935.61, marking a 24-hour jump of 7.57 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 gain of 7.64 percent, as per CoinMarketCap data, currently priced at $0.4205. Dogecoin price in India stood at Rs 38.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 12.22 percent. At the time of writing, it was trading at $123.55. LTC price in India stood at Rs 11,050.09.
Ripple (XRP) Price Today
XRP price stood at $2.45, seeing a 24-hour gain of 4.69 percent. Ripple price in India stood at Rs 210.16.
Solana (SOL) Price Today
Solana price stood at $231.87, marking a 24-hour jump of 6.21 percent. SOL price in India stood at Rs 19,556.75.
Top Crypto Gainers Today (December 12)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Aave (AAVE)
Price: $355.59
24-hour gain: 33.66 percent
Chainlink (LINK)
Price: $28.96
24-hour gain: 29.66 percent
Sui (SUI)
Price: $4.75
24-hour gain: 29 percent
dYdX (Native) (DYDX)
Price: $2.34
24-hour gain: 22.07 percent
Virtuals Protocol (VIRTUAL)
Price: $1.91
24-hour gain: 21.40 percent
Top Crypto Losers Today (December 12)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
XDC Network (XDC)
Price: $0.09101
24-hour loss: 1.47 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, “The crypto market regains momentum as Bitcoin climbs back above the $100,000 milestone. Expectations of a 25-basis-point rate cut in the upcoming Fed meeting, following positive CPI data, boosted the market sentiment. Major coins such as Ethereum, Solana, Cardano, BNB and others up as much as 9% in a day. Institutional interest remains strong with $305.74 million flowing into ETH ETFs and $439 million into BTC ETFs. Bitcoin faces its next resistance at $103.5k and support standing at $98.4K.”
CoinSwitch Markets Desk noted, “Bitcoin’s rollercoaster week took a bullish turn as it rebounded from $94,000 on Dec. 10, surging past the $100,000 psychological mark after inflation data aligned with forecasts. Market optimism surged with a 96% chance of a 25-basis point rate cut in the next Fed meeting, igniting hopes for risky assets. However, the $104,088 all-time high looms large as a formidable resistance, with potential for volatile swings as short-term bulls may lock in profits. Altcoins rode the wave too, with standouts like SUI hitting a new all-time high of $4.90, keeping the broader market momentum alive.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin demonstrated bullish momentum by climbing back above $100,000 regaining its stance following macroeconomic data and hints at rate reductions from the Fed. Rebounded back from the $94,000 and support at 20-day EMA, the retest signals a presence of bullish trends in the market. Optimism is that BTC might target $112,000 and could go up another level to hit $125,000. Resistance at $104,088 could keep volatility in check in the shorter term as market can see consolidations.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's past corrections from local weekly tops have typically targeted the 50-week exponential moving average (50-week EMA) as the main downside support. Currently, Bitcoin is testing the 1.618 Fibonacci retracement level near $102,000 as resistance and showing signs of a pullback. If a correction follows, BTC/USD could potentially drop to $65,000-$69,000 by March 2025, marking a 30-35% decline. Conversely, breaking above the $102,000 resistance could signal a rally toward $150,000, in line with several bullish BTC predictions. This indicates Bitcoin's near-term trend will hinge on maintaining or breaking this key resistance level.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market is experiencing a remarkable resurgence, highlighted by the stablecoin sector surpassing a historic $200 billion market capitalization for the first time. This milestone reflects a 13% increase in just one month, driven by heightened demand for stable assets and significant adoption across various financial applications, including payments and remittances.”
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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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