Cryptocurrency Price Today (December 31): Bitcoin Closes 2024 On A Low Note, Dips Down To $92,000
Cryptocurrency price on December 31 quick take: The global market cap dipped to $3.23 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, seems to be ending 2024 on a mellow note, as it dipped down to $92,000 early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 48 (Neutral) out of 100, as per CoinMarketCap data. Virtuals Protocol (VIRTUAL) emerged to be the top gainer, with a 24-hour jump of nearly 2 percent. Helium (HNT) was the biggest loser today, with a 24-hour dip of nearly 11 percent.
The global crypto market cap stood at $3.23 trillion at the time of writing, registering a 24-hour dip of 1.32 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $92,706.12, registering a 24-hour dip of 0.99 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 79.87 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,349.79, marking a 24-hour jump of 1.87 percent at the time of writing. Ethereum price in India stood at Rs 2.91 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 2.18 percent, as per CoinMarketCap data, currently priced at $0.3104. Dogecoin price in India stood at Rs 27.08.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.80 percent. At the time of writing, it was trading at $98.66. LTC price in India stood at Rs 8,601.54.
Ripple (XRP) Price Today
XRP price stood at $2.03, seeing a 24-hour loss of 2.79 percent. Ripple price in India stood at Rs 176.44.
Solana (SOL) Price Today
Solana price stood at $188.79, marking a 24-hour dip of 1.81 percent. SOL price in India stood at Rs 16,218.01.
Top Crypto Gainers Today (December 31)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Virtuals Protocol (VIRTUAL)
Price: $3.51
24-hour gain: 1.54 percent
Mantle (MNT)
Price: $1.21
24-hour gain: 1.37 percent
FTX Token (FTT)
Price: $3.63
24-hour gain: 0.49 percent
UNUS SED LEO (LEO)
Price: $9.03
24-hour gain: 0.24 percent
Sui (SUI)
Price: $4.10
24-hour gain: 0.12 percent
Top Crypto Losers Today (December 31)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Helium (HNT)
Price: $5.92
24-hour loss: 10.78 percent
Movement (MOVE)
Price: $0.8447
24-hour loss: 10.07 percent
Quant (QNT)
Price: $105.01
24-hour loss: 9.52 percent
Pudgy Penguins (PENGU)
Price: $0.02984
24-hour loss: 8.83 percent
Aave (AAVE)
Price: $310.99
24-hour loss: 8.19 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin briefly rallied near the $95,000 mark before long-term holders booked profits bringing the price back to $92,400. Over $259 million in liquidations in the past 24 hours have also added to the pressure. While retail investors are selling, institutions like MicroStrategy are taking advantage of this correction, accumulating 2,138 BTC for the 8th consecutive week showing increased confidence in the asset class. Current market conditions hint at a potential “January Effect” in the coming weeks as the investor sentiment towards the market remains strong.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin is experiencing significant downward pressure after plummeting below $93,000 after liquidations and broader market volatility. Bullish momentum can be seen if it surpasses the threshold of $94,000, while macroeconomic factors such as inflation and the uncertainty of regulations are increasing the volatility and challenges. Meanwhile, Ethereum is also showing bearish signals because of market-wide weakness but looks to be pulling away from it as the renewed upturn in funding rates signals the confidence of investors amid possible recovery above $3,500. ”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently testing the 50-day EMA with a key support zone between $88,000 and $92,000. As long as Bitcoin holds above this range, it may enter a period of consolidation after the recent rally. A drop below $88,000 could see prices drop to around $74,000, where strong support was seen earlier in the year. Despite rising interest rates in the US, which could weigh on Bitcoin as institutions become more cautious, the long-term outlook remains positive. Market indecision is likely in the short term, but overall bitcoin momentum still suggests upside potential.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market has experienced a notable correction in the past 24 hours, with Bitcoin dropping over 1.13% and trading around $93,000. Ethereum and Solana have also faced significant declines, with losses of nearly 17% and 26%, respectively, from the year-to-date high. Despite this downturn, 2024 has been a remarkable year for crypto, boasting a total trading volume of $18.4 trillion, marking it the second-best year ever for the sector. Investors remain optimistic about the future, citing ongoing regulatory clarity and institutional adoption as pivotal factors that could sustain momentum into 2025.”
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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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