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Crypto Market Today (Dec 21, 2024): Bitcoin Price Rises to $97k | HYPE Surges 34%
The crypto market has witnessed a significant turnaround as we wrap up the trading day on December 21, 2024. The global cryptocurrency landscape is witnessing a sea of change, with Bitcoin’s price rising to a staggering $97,569.12. This marks a substantial 0.30% gain in just 24 hours.
In a surprising yet encouraging turn of events, HYPE has emerged as the top gainer of the day, surging an astonishing 34.27% to reach a new high at $33.15. The cryptocurrency landscape is currently being shaped by various factors, including market sentiment and government regulations.
It’s worth noting that this growth comes after a significant loss over the past 48 hours, where the market experienced a slump in price action. However, it seems like investors have returned to their bullish stance, driving the market cap up by an impressive 1.34% within a single day, reaching a staggering $3.4 trillion.
In related news, Metaplanet Inc. has secured $61 million to accelerate its Bitcoin acquisitions, further solidifying the crypto’s position as the dominant force in the space. As such, it’s no surprise that investors are flocking back to the market and driving prices higher.
While we can’t predict with certainty how this will play out going forward, one thing is clear: today has marked a significant shift in investor sentiment, with many of the top assets gaining considerable ground.
As we move forward into the next trading day, it remains to be seen what further implications these developments may have on the broader market. However, for now, investors seem poised to take advantage of this renewed momentum and potentially make some bold moves.
In related news, other notable mentions include a $775 million investment by Tether in Rumble’s AI sector, as well as SEC accusations against Tai Mo Shan over misleading Terra investors.
Source: coinpedia.org
