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Crypto Market Today (Dec 25, 2024): Bitcoin Fails to Claim $100k | FARTCOIN Surges 57%
The holiday season’s enthusiasm seems to be making its waves in the crypto market. As a result, the industry’s market cap has risen by an impressive 3.30% to $3.43 trillion in just 24 hours. However, one of the most heavily anticipated moves this year did not come to pass, as Bitcoin failed to break past the psychological barrier of $100,000.
Bitcoin Price Action
In a dramatic turn of events, the world’s largest cryptocurrency by market capitalization has decided to pull back and is now trading at $98,235.83. This represents a 4.06% gain in the past day, with the market cap soaring to an incredible $1.94 trillion.
Despite this failure to reach the coveted price point, Bitcoin’s performance still reflects its ongoing strength in the current market. Its ability to continue pushing higher is a testament to the asset’s underlying fundamental value and adoption rate among mainstream investors.
FARTCOIN Steals the Show
On the other hand, FARTCOIN has emerged as the standout performer of the day, skyrocketing by an astonishing 57.04% in the past 24 hours to reach $1.16. This incredible surge has sent shockwaves throughout the crypto community and raised several questions regarding its future prospects.
The sudden and massive appreciation in FARTCOIN’s value can be attributed to a combination of factors including increased demand, improved liquidity, and potential institutional investment.
Other Notable Performers
While Bitcoin may not have reached $100,000 as expected, other tokens have also seen impressive gains. Watch out for the top 10 performers:
1. FTM – 19.34% gain
2. BGB – 15.83%
3. [List of other notable movers]
On the flip side, we’ve witnessed some significant losses across the board. Some of the major laggards include:
1. VIRTUAL – a 4.13% decline to $3.01
2. FTM – 2.73% drop to $1.00
3. XDC – 2.71% slump to $0.08206
As we head into the New Year, investors and traders alike are left wondering what this sudden shift in the market dynamics may portend for the future of the asset’s price.
In conclusion, today’s performance has been nothing short of extraordinary. While Bitcoin’s inability to break $100,000 is a significant setback for some bulls, FARTCOIN’s explosive growth has certainly stolen the spotlight.
Stay tuned for further updates and analysis as we delve deeper into the implications of these events on the broader crypto landscape.
Source: coinpedia.org
