Cryptocurrency Price Today: Bitcoin, Ethereum Register Minor Gains As Top Coins Continue To Struggle
Cryptocurrency price on December 20 quick take: The global crypto market cap stood at $804.46 billion on Tuesday morning.
Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies, managed to see minor gains early Tuesday morning. Other top altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of gains and dips. The ImmutableX (IMX) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 10 percent. The Chain (XCN) token, on the other hand, became the biggest loser, with a 24-hour loss of over 12 percent.
At the time of writing, the global crypto market cap stood at $804.46 billion, registering a 24-hour dip of 0.29 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $16,719.01, seeing a 24-hour gain of 0.16 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.49 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,192.39, marking a 24-hour gain of 1.04 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.03 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 4.59 percent as per CoinMarketCap data, currently priced at $0.07393. As per WazirX, Dogecoin price in India stood at Rs 6.55.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 3.11 percent. At the time of writing, it was trading at $64.84. LTC price in India stood at Rs 5,500.01.
Ripple (XRP) price today
XRP price stood at $0.3391, seeing a 24-hour dip of 0.71 percent. As per WazirX, Ripple price stood at Rs 29.70.
Solana (SOL) price today
Solana price stood at $12.20, marking a 24-hour loss of 0.35 percent. As per WazirX, SOL price in India stood at Rs 1,072.
Top crypto gainers today (December 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
ImmutableX (IMX)
Price: $0.4597
24-hour gain: 10.80 percent
XDC Network (XDC)
Price: $0.02665
24-hour gain: 8.74 percent
Litecoin (LTC)
Price: $64.68
24-hour gain: 2.89 percent
Theta Network (THETA)
Price: $0.7564
24-hour gain: 2.54 percent
Mina (MINA)
Price: $0.4798
24-hour gain: 2.46 percent
Top crypto losers today (December 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Chain (XCN)
Price: $0.02105
24-hour loss: 12.62 percent
Toncoin (TON)
Price: $2.40
24-hour loss: 10.80 percent
Trust Wallet Token (TWT)
Price: $1.50
24-hour loss: 9.95 percent
UNUS SED LEO (LEO)
Price: $3.75
24-hour loss: 9.19 percent
MultiversX - Elrond (EGLD)
Price: $35.59
24-hour loss: 8.11 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded sideways in the past 24 hours as the market sentiment remains volatile. BTC started to fall after the US Federal Reserve Chairman spoke about the current macroeconomic conditions. In order to prevent further declines, bulls must maintain support at the $16,200 to $16,500 range. On the other hand, Ethereum remained unchanged since yesterday, as none of the sides had accumulated enough power for a sharp move. Any growth would be possible only if the rate fixes above the vital $1,200 zone.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The price of Bitcoin is falling as all gains are wiped out during the week. BTC could fall further as the global outlook turns negative. With more negative headlines from several quarters, it seems likely that $16,020 is poised for another test.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "The global crypto market was in the red on Tuesday morning with the global market cap seeing a loss of under 1 percent. However, both Bitcoin and Ethereum saw some gains and were trading at $16,700 and $1,190, respectively. If the momentum continues, we could see the two key currencies break their resistance level. Meanwhile, dogecoin saw a loss of approximately 6 percent over the past 24 hours after developments at Twitter affected the price.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market remained stable during the day trade with crypto heavyweights like Bitcoin and Ether showing a marginal increase in their value. Binance acquiring bankrupt Voyager’s assets in a $1 billion deal might be the beginning of consolidation in the crypto industry. It will be interesting to see how the industry evolves after the latest developments at FTX especially when investors begin to file their claims next year.”
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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