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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 a dramatic surge in prices, with Bitcoin rising to an astonishing $97,569.12 after a modest gain of 0.30% over the past 24 hours. This development marks a significant shift in the market’s sentiment and outlook.
As per our analysis, we have observed that trading volumes have also seen a substantial increase by 10.25%, currently standing at $291.27 billion. The influx of buying pressure has resulted in the Fear & Greed Index reaching an astonishing “Greed” score of 62, indicating extreme optimism among market participants.
Metaplanet Inc.’s monumental investment of $61 million to accelerate Bitcoin purchases further solidifies its position as a dominant force in the crypto landscape, while also fueling the recent surge. This massive influx of capital has not only boosted the overall cryptocurrency market cap but has also led to a resurgence in trader confidence and sentiment.
In other news, Ethereum has emerged as the top performer among altcoins, with a staggering 2.91% price increase to $3,490.85, outpacing the leader Bitcoin by a considerable margin. This remarkable growth has triggered significant attention and interest from traders and investors alike.
Meanwhile, HYPE has taken center stage, displaying an astonishing 34% surge in value, surpassing expectations and sending shockwaves throughout the crypto community. The magnitude of this gain is undeniable, and market participants will be keenly observing its trajectory to gauge its potential for further growth.
However, it’s crucial to note that not all assets have fared equally well, with some notable underperformers in the form of APTOS (-12.22%), XMR (-5.93%), and OM (-3.65%). These losses serve as a stark reminder that market fluctuations can be swift and unpredictable.
As the dust settles on this remarkable day, it’s essential to consider these developments and ponder their implications for the future trajectory of the cryptocurrency market.
Source: coinpedia.org
