
The bearish trend in the cryptocurrency market continues as Bitcoin (BTC) fell to monthly lows, bringing down major altcoins along with it.
Despite the increase in trading volumes, the overall market sentiment remains cautious, with uncertainties surrounding regulatory developments and market dynamics.
Notably, the FTX token (FTT) reversed the trend, surging on news that claims processing would begin early next year, while altcoins like XRP and Solana extended their losses.

Source: coinmarketcap
At the time of writing Bitcoin was trading at $93,084, representing a decline of 2.04% in the last 24 hours.
The flagship cryptocurrency recorded a low of $93,079 and a high of $95,341 during the day.
Trading volume increased 40% to $32 billion, indicating increased activity despite the recession.
Analysts attributed the decline to broader market pressure and speculation about a possible selloff.
Meanwhile, BTC ETFs saw weekly inflows of $387 million, indicating continued institutional interest.
Ethereum shows resilience
Ethereum (ETH) emerged as the only major cryptocurrency in the green, gaining 1% to trade at $3,421.
The 24-hour low and high for ETH were $3,327 and $3,434, respectively.
However, market experts warned of potential selling pressure after 110K ETH flowed into exchanges.
Weekly inflows into ETH ETFs stood at $349 million, reflecting investor confidence in the asset.
Altcoin is under pressure
XRP prices fell 3%, trading at $2.12, with a low of $2.076 and a high of $2.197. The bearish trend mirrors the broader altcoin market.
Solana (SOL) fell 1% to $192, with a daily low of $188.73 and high of $197.59. Despite the slight decline, Solana remains one of the most actively traded altcoins.
FTX Token (FTT) rose 10% and was trading at $3.75 after the announcement that claims processing would begin on January 3, 2025.
The token recorded a 24-hour low of $3.416 and a high of $3.826, indicating strong buying interest.
Athena (ENA) also rose 6% and was trading at $1, with trading volume up 45% to $352 million.

Source: coinmarketcap
BitGet Token (BGB) fell 20% to $6.01, recording high volatility with a peak of $7.85.
Pudgy Penguin (PENGU) fell 10% to $0.032 despite its impressive 500% monthly gain.
Other cryptocurrencies including Movement (MOVE), OKB and Beam (BEAM) suffered moderate losses of around 5%.
The global cryptocurrency market capitalization decreased by 1.5% in the last 24 hours to $3.29 trillion.
However, trading volume increased 12% to $90 billion, indicating active participation despite bearish sentiment.
As the market grapples with price volatility and regulatory uncertainties, the focus remains on Bitcoin’s performance and the emerging altcoin landscape.
Stay tuned to us for more updates on crypto prices and market activities.
Post Crypto Market Wrap, December 30: Bitcoin hits monthly low, altcoins struggle amid market decline first appeared on Invez