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Crypto Market Today (Dec 21, 2024): Bitcoin Price Rises to $97k | HYPE Surges 34%
As we dive into the crypto market today on December 21, 2024, it is essential to highlight that the market cap has managed a substantial gain of 1.34% in the past 24 hours, reaching a staggering $3.4 trillion. This upward trend is backed by increased trading volumes, which have jumped by an impressive 10.25% to $291.27 billion.
Bitcoin, the most prominent digital asset, has also experienced significant growth, rising 0.30% over the last day to reach an astonishing value of $97,569.12. It’s essential to note that Bitcoin’s dominance remains robust at 56.82%, highlighting its unwavering influence on the overall crypto market.
Metaplanet Inc. deserves a special mention as they have successfully secured $61 million in funding, which will be utilized to accelerate their Bitcoin acquisition efforts. This significant influx of capital underscores the market’s renewed optimism.
On the other hand, HYPE has been a standout performer, recording an impressive surge of 34% within the past 24 hours. Following closely behind are VIRTUAL and ENA, which have also registered substantial gains of 18.78% and 17.55%, respectively.
The market sentiment, as tracked by the Fear & Greed Index, has reached a reading of 62, indicating that investors are currently exhibiting a “Greed” mentality.
In contrast, APTOS suffered significant losses, plummeting by 12.22% to $10.28, followed closely by XMR and OM which fell by 5.93% and 3.65%, respectively.
As we continue to track the developments in the crypto space, it is crucial to stay informed about market movements.
Source: coinpedia.org
