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Invezz 2024-12-24 05:25:34

Crypto prices on Dec 24: Bitcoin at $94K, Virtual Protocol and Zcash up more than 20%

Crypto prices on Dec 24: Bitcoin at $94K, Virtual Protocol and Zcash up more than 20%

Crypto prices today displayed a mix of gains and declines. Bitcoin (BTC) was hovering around $94,000. It continued its decline from last week’s all-time high of $108,000. Meanwhile, Ethereum (ETH), XRP, and Solana (SOL) showed sub-5% gains in the past 24 hours, hinting at recovery. Virtual Protocol (VIRTUAL) was the top gainer, climbing 35% in the last 24 hours, followed by Zcash (ZEC), which rose 20%. The global crypto market cap increased by 2%, reaching $3.32 trillion. Trading volume also saw a 20% jump, hitting $170 billion. The Fear and Greed Index stayed neutral at 55. Bitcoin dips 1.5% At pres time, Bitcoin (BTC) was trading at $94,310, with a 24-hour range of $92,526 to $96,545. BTC exchange-traded funds (ETFs) saw $276 million in outflows. Key players like BlackRock and Ark & 21Shares recorded major withdrawals. MicroStrategy continued its Bitcoin buying spree, adding more coins to its reserve after a recent $1.5 billion purchase. Ethereum up 4% Ethereum (ETH) traded at $3,409 gaining 4% in the last 24 hours. Its 24-hour range was $3,263 to $3,466. ETH ETFs recorded a net outflow of $75 million, though some investors like Grayscale and Fidelity added to their holdings. Meanwhile, XRP traded at $2.23, up 4% in the past day, with a 24-hour range of $2.14 to $2.27. Whale activity and the launch of the RLUSD stablecoin boosted investor confidence. Analysts predict a possible 60% surge for XRP if market conditions remain favorable. Solana (SOL) also rose by 5%, trading at $188. Its 24-hour low and high were $179 and $193, respectively. Weekly whale inflows of $1.7 million highlight growing interest in Solana despite recent market volatility. Meme coins Meme coins also posted gains. Dogecoin (DOGE) and Shiba Inu (SHIB) were up by 4%, trading at $0.3195 and $0.00002219, respectively. BONK announced plans to burn 1 trillion tokens to boost its price to $0.11. Top crypto gainers Virtual Protocol (VIRTUAL): Up 35%, trading at $3, with a 24-hour high of $3.14. Zcash (ZEC): Up 20%, trading at $64.96. Aave (AAVE): Up 19%, trading at $377. Top crypto loser BitTorrent (BTT): Down 2%, trading at $0.00000114. Hourly charts show positive momentum across key cryptocurrencies like BTC, ETH, and SOL. Hyperliquid (HYPE) rose 5% in the last hour, indicating a possible market recovery. The post Crypto prices on Dec 24: Bitcoin at $94K, Virtual Protocol and Zcash up more than 20% appeared first on Invezz

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