A huge decline was seen in the cryptocurrency market today.
Bitcoin (BTC) stabilized around the $96,000 mark, while major altcoins like Ethereum (ETH), Solana (SOL), XRP, and Binance Coin (BNB) suffered significant losses.
The market-wide decline led to liquidations totaling $1.46 billion over the past 24 hours, highlighting intense volatility.
Bitcoin (BTC) slipped
- Price: $96,000 (down 2% in 24 hours)
- Market cap: $1.92 trillion
- Trading volume: $111 billion
Bitcoin ETFs recorded a mixed performance, with significant inflows into Fidelity ($175 million), while Bitwise and ARK ETFs saw outflows of $39 million and $34 million, respectively.
A proposed Bitcoin reserve by a Russian lawmaker adds a layer of geopolitical intrigue, positioning BTC as a potential tool for financial stability amid international sanctions.
Ethereum (ETH) declined
Price: $3,691 (down 7% in 24 hours).
Market cap: $445 billion.
Trading volume: $60 billion.
Ethereum ETFs saw net inflows of $5.6 million, driven mainly by Fidelity, although some providers like Bitwise reported outflows.
Major altcoins and meme tokens declined
- XRP: down 16%, trading at $2.08
- Solana (SOL): Steady at $210 but below its weekly high
- Dogecoin (DOGE): down 14%, trading at $0.3878
- Shiba Inu (SHIB): down 19% to now $0.00002524
The meme coin sector reflected the bearish trend, with tokens like PEPE, WIF and BONK losing between 15% to 25%.
top gainers
Yunus Said Leo (Leo):
- Price: $9.50 (+2%).
- Market cap: $8.85 billion.
LEO emerged as the sole top gainer amid the broader market downturn.
top losers
Festival:
- Price: $0.0443 (-25%).
- Market cap: $1.6 billion.
Source: coinmarketcap
WorldCoin (WLD):
- Price: $2.80 (-23%).
- Market cap: $2.09 billion.
Bitcoin remains resilient amid increased volatility but struggles to reach the $100K mark.
Altcoins are facing a challenging market environment, with notable losses for ETH, XRP, and SOL.
Mixed ETF inflows highlight uncertainty, while geopolitical developments like Russia’s Bitcoin reserve proposal signal growing institutional interest in the cryptocurrency.
As the market digests these changes, investors should prepare for continued volatility and monitor the evolution of regulation, market sentiment, and adoption.
Post Crypto market snapshot, morning of December 10: Bitcoin remains at $96K as altcoins decline first appeared on Invez
