Crypto market on Dec 25: Bitcoin climbs over $98,000, crypto trading volumes down 16%

The global cryptocurrency market witnessed a positive trend on Wednesday, with its market capitalization rising by nearly 3.5% to $3.42 trillion.

However, trading volumes fell by 16% in the last 24 hours due to a lack of investor activity during the Christmas period.

The Crypto Fear and Greed Index remained stable at 73, indicating “greed” sentiment.

BTC, ETH prices today

Bitcoin (BTC) price today: Bitcoin remains above $99,000 after reaching $98,000. Bitcoin trading volume fell by more than 23%.

It saw a rise of 4% from its 24-hour low of $93,689. BTC’s market dominance increased to 56.71%.

However, Bitcoin ETFs experienced outflows, recording a net outflow of $338.4 million on Tuesday.

The price of Bitcoin has increased by approximately 115% this year.

Ethereum (ETH) price today: Ethereum saw a 3% gain today, trading at $3,490, with a low of $3,381 and a high of $3,535.

Trading volume has declined by 28%, indicating less interest from traders.

The Spot Ethereum ETF saw its second consecutive inflow, with $53.6 million added, and Ethereum developers preparing for the Fusaaka upgrade.

Here’s how other major crypto coins trade today:

XRP price today: XRP price rose nearly 3% to $2.30, with a market capitalization of $131.63 billion.

Despite a 29% decline in trading volume, XRP saw positive momentum, with analysts predicting a 60% rise in the coming days.

Solana (SOL) price today: Solana rose 4% to $198.61, with the price fluctuating between $189 and $201.63.

However, trading volume decreased by 15%.

Binance Coin (BNB) price today: BNB rose 2.22% to $704, taking its market capitalization to over $101 billion.

Memecoin and Altcoin prices today

Dogecoin (DOGE) is trading at $0.334, up 4% in the last 24 hours. The meme coin saw a slight correction amid broader market gains.

The market cap stood at around $49.2 billion, while the trading volume decreased by 12.80%.

Shiba Inu (SHIB) also increased by 4%, taking its price to $0.0000234. SHIB continues to follow the positive sentiment in the meme coin sector.

In contrast to the decline in trading in the crypto market, the trading volume of meme coins increased by 14%.

Fartcoin (FART) saw a notable increase of 50%, reaching $1.17. The market cap of the coin increased to $1.19 billion, indicating increasing interest from investors.

The surge made it one of the biggest gainers on Wednesday.

This was followed by Movement (MOVE), which was up 19% to trade at $1.02. The coin saw a remarkable 105% increase in trading volume, indicating increased interest and activity from investors.

Following its recent listing on the major Korean exchange, Bithumb, Pudi Penguin (PENGU) is up 10.80% to trade at $0.0349.

This listing has contributed to increased market attention. Trading volume had increased by almost 70%.

Phantom was one of the biggest losers. The price of FTM was down 2% today at $0.9993.

Post Crypto Market on December 25: Bitcoin Climbs Over $98,000, Crypto Trading Volume Drops 16% first appeared on Invez