Cryptocurrency Price Today (December 24): Bitcoin Dips Below $95,000 As Top Coin See Bloodbath
Cryptocurrency price on December 24 quick take: The global market cap dipped to $3.32 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 Virtuals Protocol (VIRTUAL) token became the top gainer, with a 24-hour jump of nearly 24 percent. Ethena (ENA) was the biggest loser today, with a 24-hour dip of over 2 percent.
The global crypto market cap stood at $3.32 trillion at the time of writing, registering a 24-hour jump of 0.72 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $94,428.47, registering a 24-hour dip of 1.20 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.34 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,418.21, marking a 24-hour jump of 3.12 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 2.57 percent, as per CoinMarketCap data, currently priced at $0.3229. Dogecoin price in India stood at Rs 26.87.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 3.92 percent. At the time of writing, it was trading at $106.46. LTC price in India stood at Rs 8,731.50.
Ripple (XRP) Price Today
XRP price stood at $2.26, seeing a 24-hour gain of 2.87 percent. Ripple price in India stood at Rs 186.76.
Solana (SOL) Price Today
Solana price stood at $191.49, marking a 24-hour jump of 4.21 percent. SOL price in India stood at Rs 15,514.47.
Top Crypto Gainers Today (December 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Virtuals Protocol (VIRTUAL)
Price: $3.14
24-hour gain: 23.80 percent
Aave (AAVE)
Price: $375.66
24-hour gain: 15.18 percent
Zcash (ZEC)
Price: $67.62
24-hour gain: 13.63 percent
Pudgy Penguins (PENGU)
Price: $0.03053
24-hour gain: 12.94 percent
XDC Network (XDC)
Price: $0.08507
24-hour gain: 12.01 percent
Top Crypto Losers Today (December 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ethena (ENA)
Price: $1.05
24-hour loss: 2.44 percent
Bitcoin (BTC)
Price: $94,425.69
24-hour loss: 1.22 percent
Monero (XMR)
Price: $187.71
24-hour loss: 1.06 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 trading range-bound between $92,500 and $96,000. Institutions are capitalizing on the dip, with MicroStrategy adding $561 million worth of BTC and Bitcoin ETFs seeing $300 million in weekly inflows despite recent sell-offs. Meanwhile, altcoins have started rebounding with major tokens like Ethereum, BNB, Solana and Chainlink gaining up to 8% in a day. While the market activity is strong, BTC needs to break the resistance at $98,100 to start the next leg of the rally, with key support holding at $91,000.”
CoinSwitch Markets Desk noted, “Bitcoin remains under pressure after a 9% drop last week, trading above $94,000 but still far from its all-time high of $108,500. A positive sign is the strong support at $90,000, indicating bulls are holding firm.
Meanwhile, MicroStrategy added 5,262 BTC between December 16 and December 22, reaffirming institutional confidence. Interestingly, while Bitcoin faces pressure, altcoins have held their ground relatively well. The muted drop in BTC dominance suggests that the market isn’t in full-blown panic mode. In fact, SUI and BNB have shown notable recoveries following the latest sell-off, providing a glimmer of hope for altcoin enthusiasts.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin shows resilience in this volatile market, gathering inflows totalling $375 million this week despite witnessing an 11.8% fall in price over the week. Having fallen from its all-time high of $108,135 to around $93,878, BTC faced the pressure of bears, although with some key technical support at $90,000. Investors are cautious, suggesting a correction could happen if the 50-day SMA is lost, but the bulls are nevertheless encouraged as major buyers, including MicroStrategy's acquisition of 5,262 Bitcoin during the week, take the lead. Meanwhile, the response from the broader market to the Federal Reserve's careful monetary policy has reduced the number of given projected interest rate cuts in 2025.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) has fallen more than 14% from its recent all-time high of $108,230 and is currently trading below $95,000. This decline is attributed to the Federal Reserve's hawkish stance on interest rates and reduced liquidity projections for 2025. Technical indicators suggest further downside risk with key support levels at $89,000, $77,792 and $67,100. Despite the market correction, institutional interest remains strong, with Metaplanet increasing its BTC holdings by 54%. Global liquidity issues along with tightening monetary policy could further pressure BTC. Experts warn of a potential test of the $70,000 range, with future moves dependent on Fed actions.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market has seen significant activity, with Bitcoin trading around $94,000. Notably, Ethereum, XRP, and Solana have recorded gains of 2.28%, 0.62%, and 2.46%, respectively. This upward trend reflects growing investor optimism, as historical data indicates that Bitcoin tends to perform well post-Christmas, with average market capitalization increases ranging from 0.7% to 11.8% during this festive period. Looking ahead to 2025, investors are optimistic about Bitcoin's potential to reach new heights, fueled by increasing institutional adoption and clearer regulatory frameworks.”
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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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