Cryptocurrency Price Today (December 9): Bitcoin Rises Above $99,000, LINK Becomes Top Gainer
Cryptocurrency price on December 9 quick take: The global market cap rose to $3.64 trillion.
Bitcoin (BTC), the oldest and most valuable cryptocurrency, managed to rise above the $99,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of dips and gains as the overall Market Fear & Greed Index stood at 83 (Extreme Greed) out of 100, as per CoinMarketCap data. The Chainlink (LINK) token became the top gainer, with a 24-hour jump of over 7 percent. Memecoin Peanut the Squirrel (PNUT) was the biggest loser today, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $3.64 trillion at the time of writing, registering a 24-hour dip of 0.77 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $99,498.34, registering a 24-hour loss of 0.20 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 84.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,946.66, marking a 24-hour dip of 0.67 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 dip of 3.33 percent, as per CoinMarketCap data, currently priced at $0.4532. Dogecoin price in India stood at Rs 38.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.06 percent. At the time of writing, it was trading at $130.65. LTC price in India stood at Rs 11,050.09.
Ripple (XRP) Price Today
XRP price stood at $2.49, seeing a 24-hour dip of 2.87 percent. Ripple price in India stood at Rs 210.16.
Solana (SOL) Price Today
Solana price stood at $232.37, marking a 24-hour dip of 2.34 percent. SOL price in India stood at Rs 19,556.75.
Top Crypto Gainers Today (December 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Chainlink (LINK)
Price: $26.66
24-hour gain: 7.35 percent
Pepe (PEPE)
Price: $0.00002703
24-hour gain: 4.41 percent
Mantle (MNT)
Price: $1.20
24-hour gain: 3.43 percent
Monero (XMR)
Price: $207.92
24-hour gain: 2.80 percent
Uniswap (UNI)
Price: $18.02
24-hour gain: 2.61 percent
Top Crypto Losers Today (December 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Peanut the Squirrel (PNUT)
Price: $1.38
24-hour loss: 9.24 percent
Virtuals Protocol (VIRTUAL)
Price: $1.59
24-hour loss: 6.03 percent
Ondo (ONDO)
Price: $1.61
24-hour loss: 5.87 percent
Hedera (HBAR)
Price: $0.3146
24-hour loss: 5.42 percent
Bitget Token (BGB)
Price: $2.63
24-hour loss: 5.23 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin stabilises near the $99k - $100k range after the rally last week. After Bitcoin, Ethereum joins the rally hitting a 3-year high crossing the $4,000 mark fuled by Record $752 Million Weekly Inflows into ETH ETFs. The broader market saw some profit-taking at the highs with tokens like XRP, BNB and Cardano going down as much as 5%. BTC’s resistance now stands at $103,500 with strong support at $98,000.”
CoinSwitch Markets Desk noted, “As Bitcoin is trading near the all time highs around the prestigious 5 digit mark, bears have been showings glimpses of confidence. BTC dropped by 2% early morning today with altcoins following suit. After more than 15 days of decreasing bitcoin dominance (54.8%) and the start of an altcoin rally, major altcoins seem to have taken a breather today with the start of the new week. Notable losers are popular memecoins like PNUT (-9%), DOGE (-5%) among others as memecoin creation platoform pump.fun bans UK users from accessing its platform.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin consolidation near the $100,000 mark reflects a strong tug-of-war between bulls and bears, with a possible breakout signal target as high as $125,000. Optimism remain bullish, with projections for the next 12 months rally. Meanwhile, DOGE, PEPE, and FTM like altcoins offer opportunities in the midst of Bitcoin’s consolidation, although caution prevails since profitable use by venture capitalists could trigger a correction. Dogecoin is showing strength in its ascending channel, targeting $0.60 if it breaks $0.48 resistance. PEPE battle at $0.000026 could trigger a rally to $0.000044 or a chase back to key support levels.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's current price of $99,000 is approaching the critical psychological resistance level of $100,000. A break of this level could trigger a significant buying frenzy and push prices higher due to increased market confidence. However, if you do not exceed it, it may lead to profit taking and temporary withdrawal. Technical indicators such as the Relative Strength Index (RSI) indicate overbought conditions, indicating possible short-term corrections. In the long term, Bitcoin scarcity and increasing institutional adoption maintain the bullish trend. Analysts predict sustained momentum if bitcoin consolidates above $100,000, consolidating its position as a key financial asset, while warning against volatility-driven market swings.”
Shivam Thakral, CEO of BuyUcoin, said, “Over the last 24 hours, Tether has increased by 0.02%, stabilizing at $1, while Bitcoin (BTC) has risen to an impressive $99,302. Notably, Chainlink (LINK) has surged by a remarkable 7.45%, reaching approximately $26.84. The altcoin market is buoyed by the recent U.S. presidential victory of Donald Trump, whose crypto-friendly policies have sparked optimism among investors. The market remains bullish, as Bitcoin breached the $100,000 mark last week, driven by strong institutional demand and positive sentiment across the crypto landscape.”
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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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