Crypto Prices Today: Bitcoin Drops Below $94K Amid Market Pressure
The cryptocurrency market reflected a bearish trend as Bitcoin (BTC) traded below $94,000. Altcoins followed suit with further declines. However, FTX Token (FTT) bucked the trend, surging by 7% after FTX announced that claims processing would begin on January 3, with $16 billion in cash expected to be repaid.
Tether (USDT), the largest stablecoin by market cap, faces potential removal from European exchanges due to non-compliance with MiCA regulations. The December 30 compliance deadline has raised concerns among market participants.
The global cryptocurrency market capitalization has decreased by approximately 1.5% in the past 24 hours, now standing at $3.29 trillion. Despite the dip, trading volumes increased by 12%, reaching $90 billion.
Here’s a snapshot of key cryptocurrency prices as of December 30:
Bitcoin Price Today
Bitcoin is trading at $93,400, marking a 1.3% drop in the last 24 hours. Its 24-hour trading range was between $93,079 and $95,341, with trading volumes spiking 40% to $32 billion.
Reports from SoSo Value revealed a weekly BTC ETF inflow of $387 million, indicating a resurgence of institutional interest. Additionally, Bitcoin’s clean energy usage has surpassed 50%, a significant milestone in sustainability. Meanwhile, Elon Musk’s earlier hint about accepting BTC for payments keeps the community speculating.
Ethereum Price Today
Ethereum (ETH) showed resilience with a 1% price increase, trading at $3,421. Its 24-hour low and high were $3,327 and $3,434, respectively. ETH ETFs witnessed a weekly inflow of $349 million, second only to BTC ETFs.
However, analysts from Coingape have raised concerns about a potential $2,600 price crash due to 110K ETH inflows to exchanges, indicating possible sell-offs.
XRP Price Today
XRP is trading at $2.12, experiencing a 3% drop in the last 24 hours. Its 24-hour trading range was between $2.076 and $2.197.
Solana Price Today
Solana (SOL) traded at $192, reflecting a 1% drop in the past 24 hours. The 24-hour low and high for SOL were $188.73 and $197.59, highlighting slight volatility.
Top Gainers in Crypto Prices Today
- FTX Token (FTT): FTT surged by 10% to $3.75, with a 24-hour range of $3.416 to $3.826.
- Ethena (ENA): ENA recorded a 6% rise, trading at $1. Its 24-hour low and high were $0.91 and $1.01, respectively. Trading volumes soared by 45% to $352 million.
- Other gainers included KuCoin Token (KCS) and Virtuals Protocols (VIRTUAL), with increases ranging from 1% to 3%.
Top Losers in Crypto Prices Today
- Bitget Token (BGB): BGB suffered a significant 20% loss, trading between $6.01 and $7.85 in the last 24 hours. Its trading volume climbed 47% to $1.34 billion.
- Pudgy Penguins (PENGU): PENGU dropped 10% to $0.032, with a 24-hour range of $0.031 to $0.036. Despite the dip, it has surged 500% over the past month.
- Other notable losers include Movement (MOVE), OKB, and Beam (BEAM), each falling by approximately 5% in the last 24 hours.
Hourly charts indicate a continued downward trend, with Bitcoin slipping by 0.23% and major altcoins following suit, each down by around 1% in the last hour.
