What Is Going On with Crypto Today: Is the Crypto Bull Run Over?
Shrishesh Tanksalkar20 Dec 20242 min read
What’s Happening with Crypto Today?
The crypto market today has been jittering amidst the ongoing turmoil caused by FED rate cuts and liquidations. With an intraday drop of 8.71% the market cap at the time of press is at $3.22 trillion. Despite the steep fall, the trading volumes have shot up 30.14% to peak at $341.17 billion.
However, the Fear & Greed Index now stands at a “Greed” score of 62, cautioning optimism amongst market players, even as prices tumble. Amid the ongoing turbulence, Bitcoin and Ethereum have taken a major step back, sparking concerns about the year-end targets.
Bitcoin Dominance Grows, While Price Slips?
Bitcoin has been experiencing rough waters since yesterday. At the time of press, it has shed 7.89% to reach a price tag of $93,937.54. The current correction did result in traders making positions, which led to an intraday rise of 24.14% in trading volumes to reach $118.97 billion. That being said, Bitcoin enjoyed a lion’s share of the market at 57.79%.
For insights into Bitcoin’s future, explore our Bitcoin Price Prediction.
Altcoin Watch: ETH & SOL Register Double-digit Losses
Ethereum witnessed a sharp decline in its price, falling 12.09% to trade at $3,234.16, one of the steepest falls among major altcoins. Solana and XRP reported notable losses at 11.41% and 9.24% to $3,234.16 and $2.16 respectively.
For Ethereum’s detailed analysis, check out our Ethereum Price Prediction.
Top Gainers:
- MOVE: $0.8242 (+10.93%)
- HBAR: $0.2786 (+2.01%)
- MNT: $1.16 (+0.41%)
Top Losers:
- AIOZ: $0.07739 (-27.72%)
- CRV: $0.6976 (-26.50%)
- BRETT: $0.1113 (-26.01%)
FAQs
- The global cryptocurrency market is down 8.71% over the last 24 hours, with heightened trading activity signaling investor caution amid market turbulence.
