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Crypto Market Today (Dec 21, 2024): Bitcoin Price Rises to $97k | HYPE Surges 34%
In a shocking turn of events, the crypto market has witnessed an unprecedented surge in prices. The current crypto news shows that Bitcoin, the flagship cryptocurrency, has risen by 0.30% over the past 24 hours, and now stands at $97,569.12.
This sudden spike in price has sent shockwaves throughout the global financial community, with investors scrambling to get a piece of the action. As Bitcoin’s dominance remains strong at 56.82%, it seems that there is little stopping its relentless rise.
Metaplanet Inc., a major player in the cryptocurrency space, has also made headlines today by securing $61 million in funding to accelerate their Bitcoin purchases. This significant influx of capital will undoubtedly have a profound impact on the market’s trajectory.
Altcoin action was also seen today, with Ethereum (ETH) making impressive gains of 2.91% to reach $3,490.85. Solana and XRP, two other notable cryptocurrencies, also saw modest increases of 1.27% and 0.55%, respectively.
Among the altcoins, HYPE stood out as the biggest gainer, rising an astonishing 34%. VIRTUAL followed closely with a gain of 18.78%, while ENA saw its value increase by 17.55%.
Meanwhile, APTOS, XMR, and OM fell victim to market volatility, plummeting 12.22%, 5.93%, and 3.65% respectively.
Despite the significant gains, the Fear & Greed Index has climbed to a reading of 62, indicating a sentiment of “Greed” in the market. This could be seen as a warning sign for investors, as excessive greed can often precede a correction.
As always, we’ll continue to monitor the situation and provide you with up-to-the-minute updates on all things crypto.
Source: coinpedia.org
