
The cryptocurrency market faced bearish pressure for another day, with Bitcoin (BTC) hovering around the $95,000 mark.
The global crypto market cap fell nearly 2% to $3.27 trillion, while trading volume declined 15% to $138 billion.
Market sentiment also softened, with the Fear and Greed Index falling to 54 from 59, indicating a neutral stance.
Many altcoins followed Bitcoin’s downward trajectory, recording losses of between 2% and 5% over the past 24 hours.
Movement (MOVE) saw the biggest decline, seeing its value drop by 20%, followed by Hyperliquid (HYPE) with a 19% decline.
HYPE has recently emerged as a top performer, making its way into the top 20 cryptocurrencies by market capitalization.
In a positive development, pro-Bitcoin former US President Donald Trump appointed Bo Hines as the executive director of the Presidential Digital Assets Advisory Committee.
Under the leadership of Chairman David Sachs, the committee will focus on fostering innovation in the digital asset sector.
Here’s how the major cryptocurrencies performed today:
Bitcoin, Ethereum, XRP and Solana experienced losses
Bitcoin (BTC) continued its decline for the third consecutive day, now trading at $94,686, down 2% in the last 24 hours.
The leading cryptocurrency hit a 24-hour low of $93,797 and a high of $97,371.
With a market cap of $1.88 trillion and a trading volume of $46 billion, BTC remains the dominant force in the crypto market.

Ethereum (ETH) was trading at $3,284, down 2% over the last 24 hours.
The second-largest cryptocurrency saw a low of $3,220 and a high of $3,401, with a market capitalization of $394 billion and trading volume of $26 billion.
XRP slipped 2% to trade at $2.18. Its market cap of $124 billion places it as the fourth largest cryptocurrency.
Ripple Labs CTO David Schwartz recently unveiled details about the RLUSD stablecoin, highlighting its potential benefits for users and developers, adding to Ripple’s growing product suite.
Solana (SOL) traded at $182, showing a slight decline. The cryptocurrency recorded a low of $176 and a high of $187 in the last 24 hours, with a market cap of $87 billion and trading volume of $4 billion.
Meme coins are facing decline
Dogecoin (DOGE) is trading down 3% to $0.3173, while Shiba Inu (SHIB) is down 2% to $0.00002177.
However, select meme coins like PEPE, BONK and WIF bucked the trend, registering gains of 1% to 4%.
Analysts are closely watching important support levels for Shiba Inu, with the potential for further upside.

Top Crypto Gainers
come (come)
Aave rose 9% to $324, with a 24-hour low of $292 and high of $323. The lending platform continues to demonstrate strong market performance, with a market capitalization of $4.86 billion.
FTX Token (FTT)
FTT saw an increase of 8%, and was trading at $3.047. The token’s low and high for the day were $2.782 and $3.068 respectively, demonstrating its resilience despite the broader market decline.
Algorand (ALGO)
Algorand is trading at $0.35 with a gain of 7%, with a low of $0.3181 and a high of $0.3625. This upward move highlights the potential of ALGO in the current market.
top crypto losers
movement (move)
MOVE experienced its biggest decline of the day, falling 20% to $0.75 after several days of gains. Its trading range over the last 24 hours extended from $0.71 to $0.92.
Hyperliquid (HYPE)
HYPE declined 19% and was trading between $25.51 and $34.99.
Post Crypto Market Snapshot, December 23: BTC at $95K, MOVE and HYPE see double-digit declines first appeared on Invez