Cryptocurrency Price Today (December 23): Bitcoin Continues To See Downward Trend, Dips Below $96,000
Cryptocurrency price on December 23 quick take: The global market cap dipped to $3.34 trillion.
Bitcoin (BTC) continued to lose all its gains from last week as it dipped below the $96,000 mark early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds as overall Market Fear & Greed Index stood at 54 (Neutral) out of 100, as per CoinMarketCap data. The Algorand (ALGO) token became the top gainer, with a 24-hour jump of nearly 14 percent. Hyperliquid (HYPE) was the biggest loser today, with a 24-hour dip of over 15 percent.
The global crypto market cap stood at $3.31 trillion at the time of writing, registering a 24-hour jump of 0.72 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $95,519.99, registering a 24-hour dip of 0.76 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.34 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,319.18, marking a 24-hour jump of 0.03 percent at the time of writing. Ethereum price in India stood at Rs 2.82 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 1.63 percent, as per CoinMarketCap data, currently priced at $0.3152. Dogecoin price in India stood at Rs 26.87.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 4.17 percent. At the time of writing, it was trading at $102.64. LTC price in India stood at Rs 8,731.50.
Ripple (XRP) Price Today
XRP price stood at $2.19, seeing a 24-hour dip of 0.53 percent. Ripple price in India stood at Rs 186.76.
Solana (SOL) Price Today
Solana price stood at $183.97, marking a 24-hour jump of 2.22 percent. SOL price in India stood at Rs 15,514.47.
Top Crypto Gainers Today (December 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Algorand (ALGO)
Price: $0.3618
24-hour gain: 13.75 percent
Aave (AAVE)
Price: $330.01
24-hour gain: 13.11 percent
Curve DAO Token (CRV)
Price: $0.8625
24-hour gain: 12.88 percent
FTX Token (FTT)
Price: $3.13
24-hour gain: 10.11 percent
Ethena (ENA)
Price: $1.09
24-hour gain: 9.16 percent
Top Crypto Losers Today (December 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Hyperliquid (HYPE)
Price: $27.64
24-hour loss: 15.03 percent
Movement (MOVE)
Price: $0.774
24-hour loss: 12.17 percent
XDC Network (XDC)
Price: $0.0752
24-hour loss: 4.58 percent
Monero (XMR)
Price: $188.96
24-hour loss: 1.64 percent
Sui (SUI)
Price: $4.35
24-hour loss: 1.41 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is stabilising near the $95,000 level after hitting a low of $92,100 following the feds meeting last week. The correction has increased retail activity in the market with “Buy the Dip” mentions going up to an 8-month high on social media. Further to its first Price Discovery Corrections of this rally, BTC is preparing for bulls to regain control at the support levels. Bitcoin faces its next resistance at $99,300 with support standing at $93,100.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The market continues to watch Bitcoin closely, poised for a move back above $100,000 from current consolidation near $95,460. Sentimental analysis of conditions suggests a recovery against prior sentiment contraction, despite ETF outflows and profit bookings. A move above $100,000 would open up optimism-aimed toward $125,000 for BTC. A failure to maintain above $85,000 will lead it downward in more extended corrections. Meanwhile, XRP is firmly settled over $2.20, there seems optimism for other catalysts, notably RLUSD expansion and ETF approval that might range into $3-$7 in midterm. The market, at the time being, appears a bit skeptical yet leaning toward being bullish. The macroeconomic environment remains improving, with a resurgence of activity coming from smart investors in the market. Investors should remain cautious yet optimistic in this highly volatile market.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC/USD) is currently trading around $95,000, retreating from its December 2024 peak of $108,300. Despite a broader market pullback, institutional interest remains strong, with MicroStrategy making its largest purchase of 55,500 BTC at nearly $97,000. Proposed U.S. legislation, including a potential Bitcoin reserve, could impact the national debt, with projections suggesting a 35% reduction by 2049. Social media sentiment is negative, but contrarian analysis suggests this could signal a rebound. Short-term forecasts point to a possible recovery above $100,000, with long-term predictions estimating Bitcoin could exceed $160,000 by 2025 and $42.3 million by 2049.”
Shivam Thakral, CEO of BuyUcoin, said, “President-elect Donald Trump announced the appointment of Bo Hines as the executive director of the newly formed Presidential Council of Advisers for Digital Assets, also known as the "Crypto Council." This council aims to foster innovation and growth in the digital assets sector. Trump's commitment to making the U.S. a global leader in cryptocurrency is evident, as he emphasizes that this initiative will be pivotal for technological advancement in the nation. The market is optimistic about these developments, anticipating increased regulatory clarity and support for the crypto industry.”
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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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