Cryptocurrency Price Today (December 18): Bitcoin Sees Slight Dip, PENGU Jumps Over 500%
Cryptocurrency price on December 18 quick take: The global market cap rose to $3.69 trillion.
Bitcoin (BTC), a day after marking a new ATH, dipped down to the $103,000 range early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of dips and gains across the board as the overall Market Fear & Greed Index stood at 80 (Extreme Greed) out of 100, as per CoinMarketCap data. The Pudgy Penguins (PENGU) token became the top gainer, with a 24-hour jump of nearly 510 percent. Aptos (APT) was the biggest loser today, with a 24-hour dip of nearly 12 percent.
The global crypto market cap stood at $3.62 trillion at the time of writing, registering a 24-hour loss of 3.04 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $103,716.28, registering a 24-hour dip of 2.86 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.82 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,839.75, marking a 24-hour loss of 4.58 percent at the time of writing. Ethereum price in India stood at Rs 3.36 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 3.97 percent, as per CoinMarketCap data, currently priced at $0.3841. Dogecoin price in India stood at Rs 34.34.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 4.44 percent. At the time of writing, it was trading at $122.43. LTC price in India stood at Rs 10,359.64.
Ripple (XRP) Price Today
XRP price stood at $2.50, seeing a 24-hour dip of 0.83 percent. Ripple price in India stood at Rs 204.20.
Solana (SOL) Price Today
Solana price stood at $215.64, marking a 24-hour gain of 0.22 percent. SOL price in India stood at Rs 19,029.16.
Top Crypto Gainers Today (December 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Pudgy Penguins (PENGU)
Price: $0.03045
24-hour gain: 509.21 percent
Bitget Token (BGB)
Price: $4.15
24-hour gain: 14.86 percent
Litecoin (LTC)
Price: $122.31
24-hour gain: 4.79 percent
Hedera (HBAR)
Price: $0.2911
24-hour gain: 4.42 percent
Movement (MOVE)
Price: $0.6404
24-hour gain: 4.33 percent
Top Crypto Losers Today (December 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Aptos (APT)
Price: $12.69
24-hour loss: 11.34 percent
Lido DAO (LDO)
Price: $2.04
24-hour loss: 9.08 percent
Fantom (FTM)
Price: $1.28
24-hour loss: 9.02 percent
Stacks (STX)
Price: $2.16
24-hour loss: 8.54 percent
Ethena (ENA)
Price: $1.07
24-hour loss: 8.12 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin reached a new all-time high of $108,250 before seeing a slight pullback as investors booked profits. Despite this dip, demand remains strong, with Bitcoin whales accumulating $7.28 billion worth of BTC over the past two days. A 25-basis-point rate cut is already priced in, leaving investors waiting for the Fed's comments on the 2025 outlook. A positive stance could boost BTC to the $110,000 mark in the coming days. BTC faces resistance at the previous ATH of $107,800 with support standing at $103,900.”
CoinSwitch Markets Desk noted, “Bitcoin reached another all-time high yesterday, surpassing $108,300, but has since retraced to $104,400. This pullback has caused pain in altcoins, signaling an increase in Bitcoin’s dominance. It’s believed that Bitcoin’s dominance is at a resistance level and may soon correct, allowing altcoins to regain momentum. In other news, the launch of the Pengu token from Pudgy Penguins yesterday saw significant hype, but despite the buzz, it experienced a sharp 50%+ crash due to heavy selling pressure from airdrop participants.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin recently surged to $108,260 on Tuesday, representing an increasingly strong institutional interest. The market's strong fundamentals include persistent demand from spot Bitcoin ETFs and tight supply. The most important thing for Bitcoin now is to hold above $102K support, since a break below could set off a liquidity crunch and holding above could signal more upside. Meanwhile, Ethereum is in the consolidation phase right now but can mimic the rally of Bitcoin as the investors sentiments are bullish for Ethereum, as short positions are being liquidated all over the board.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's sustained position above $100K suggests upward momentum, with $110K and $120K as potential targets. The daily chart shows consistent higher highs and lows, with $100K now acting as support. However, the 4-hour chart signals caution, as Bitcoin is testing the upper boundary of an ascending channel, which could reverse if broken downward. If Bitcoin maintains its upward trajectory and breaks the channel resistance, a surge toward higher levels is possible. Additionally, declining exchange reserves indicate a tightening supply, which could further fuel price growth, reinforcing bullish expectations for Bitcoin in the short-term.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market has shown encouraging signs as U.S. lawmakers have pledged to advance digital asset legislation, a long-awaited move for the sector. Key members, including the new Senate Banking Chair, have referred to crypto as the "next wonder" of the world, signaling a strong commitment to regulatory clarity. Additionally, in the last 24 hours, XRP and Solana have surged by 1.22% and 1.27%, respectively. This positive momentum reflects growing institutional interest and a favorable political environment for cryptocurrencies.”
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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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