Following the recent bullish momentum seen early in the year, the Bitcoin price has displayed a bit of correctional movement and now stands closer to $90,000 than it did a week ago. While BTC’s most recent retracement raises suspicions of resistance lying at the $94,000 price, the latest on-chain evaluation hypothesizes the presence of a more relevant resistance just beneath $100,000.
New Whales’ Cost Basis Sits Around $99k
On-chain analyst Axel Adler Jr recently took to the social media platform X to share an interesting hypothesis on the Bitcoin price trajectory. His on-chain observation was based on the Realized Price New Whale STH Vs Old Whale LTH indicator.
For context, this metric compares the acquisition cost, on average, of recently accumulated whale holdings (short-term holders) with that of Bitcoin’s long-term whale holdings.
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Axel Adler Jr shared in his post that new whales have an average entry price near the $99,000 level. Currently, Bitcoin holds a valuation near $90,000, meaning its new whales are holding through unrealized losses.
Hence, if the premier cryptocurrency ascends towards these whales’ average acquisition price of $99,000, the crypto pundit explained that these investors might become incentivized to sell their holdings. This means that these large BTC holders exit the market at break-even prices, or while incurring minimal losses.
When the largest Bitcoin investors sell their holdings, the effect often translates to price through reduced buying momentum and a simultaneous increase in downside pressure. As a result, the entry price of these investors — in this case, $99,000 — becomes major resistance, both psychologically and technically.
Long-Term Whales’ Average Cost At $39K
In a separate post on the CryptoQuant platform, on-chain analyst Arab Chain revealed the average cost basis across varying cohorts of Bitcoin’s investors. As the new whales hold through their unrealized losses, the Binance user deposit addresses metric tells a fascinating story.
According to the analyst, the average holding cost on Binance is approximately $52,691, indicating that a good portion of Bitcoin’s traders are doing so while enjoying their profit.
Interestingly, the Miner Whales are not left out of this comfort zone. This group of holders, who have more than 1,000 BTC stowed away, has an average holding cost of $58,681. Considering that price is well above their cost basis, it suggests that Bitcoin miners are also in deep profit. As a result, there will be expectedly minimal selling pressure from this faction of the market.
For Bitcoin’s Long-term Holder whales, the story is more rosy. These investors are holding their coins with an average acquisition cost of $39,681. As is intuitively obvious, this group of BTC holders is also operating within clear bounds of profit.
Ultimately, it is clear that Bitcoin has a structurally bullish outlook, with unshaking investor support. If downside momentum were to enter the market, it would likely be short-term, as its oldest traders appear to be under no pressure to shave off their holdings. If retracements sponsored by these investors occur, it would likely be as a result of light profit-taking, rather than capitulation events.
As of this writing, the price of Bitcoin stands at around $90,624, with no significant movement since the past day.
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Featured image from iStock, chart from TradingView
Crypto Market Today: Bitcoin nears $99K, Ethereum holds steady, Solana and Dogecoin lead gainers; what’s driving the market trends? MSN
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Crypto prices today are showcasing a bullish trend as Bitcoin (BTC) touched $99,000, recovering from a low of $92,000. Major altcoins are also exhibiting positive momentum. Bitget Exchange token (BGB) emerged as the top gainer in the last 24 hours, with an 18% surge. Over the past week, BGB has risen by 48%, outperforming other major altcoins, which showed bearish trends during the same period.
Movement (MOVE) became the second top gainer, with a 15% price increase. The global cryptocurrency market cap rose by approximately 1%, reaching $3.43 trillion, while overall trading volume dropped 11%, settling at $117 billion. The decline in volume is attributed to the ongoing Christmas holiday season globally.
Market activity is expected to rise next week as the United States prepares for Donald Trump’s presidential oath ceremony in three weeks. The Fear and Greed Index currently stands at 63, indicating that greed persists in the market. Here’s an overview of the leading cryptocurrencies by market capitalization and price movements.
Crypto Prices Today: BTC Climbs Higher, XRP, ETH, and SOL Show Positive Momentum
Crypto prices today reflect a strong bullish momentum, with Bitcoin (BTC) maintaining its position near $99,000. Ethereum (ETH) and XRP showed steady gains, while Solana (SOL) rebounded after recent losses. These developments highlight renewed investor confidence in major cryptocurrencies.
Bitcoin Price Today
Bitcoin (BTC) price was trading at $99,123, reflecting approximately a 1% increase in the last 24 hours. Its 24-hour low and high were $97,681 and $99,974, respectively. BTC’s market cap stood at $1.96 trillion, with trading volume dropping to just $35 billion due to reduced holiday activity. Bitcoin’s market dominance rose to 57.04%, up from the previous day. Moreover, Russia has been leveraging Bitcoin and other digital currencies for foreign trade to mitigate the impact of Western sanctions.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,462, marking approximately a 0.5% increase in the last 24 hours. Its 24-hour low and high were $3,442 and $3,545, respectively. ETH’s market cap reached $417 billion, with a trading volume of $18 billion. Additionally, The Sonic Chain has expanded its reach by introducing a new bridge to connect with the Ethereum ecosystem, further bolstering its milestones and ties with Fantom (FTM).
XRP Price Today
XRP price was trading at $2.274, with a 24-hour low of $2.265 and a high of $2.329. Its market cap stood at $130 billion, while the trading volume was relatively low at $4 billion. Crypto analysts are predicting that XRP could potentially reach an all-time high of $3.775 in the near term.
Solana Price Today
Solana (SOL) price was trading at $198, with a 24-hour low of $195 and a high of $201. Its market cap stood at $94 billion, with a trading volume of $2.5 billion. Crypto prices today show a strong outlook for SOL, as a top expert recently predicted its price could reach $330, driven by soaring anticipation towards Solana’s potential ETF approval and other positive market developments.
Meme Crypto Prices Today
Meme crypto prices today are showing a bearish momentum, with top meme coins experiencing a decline. Dogecoin (DOGE) was down by 1%, trading at $0.33. Similarly, Shiba Inu (SHIB) saw a 3% drop, trading at $0.00002256. Despite the overall decline, there are signs of hope within the meme coin community.
In the last 24 hours, Shiba Inu’s burn rate surged by nearly 100%, sparking optimism among its supporters. This increase in burn rate is part of recent advancements within the Shiba Inu community, which have fueled speculation of a potential rally in the near future.
Other top meme coins like BONK, PEPE, and WIF also experienced declines, ranging from 4% to 6% in the last 24 hours. These coins are also facing the broader market pressure, but the recent Shiba Inu developments have added some excitement to the meme coin space.
Top Crypto Gainer Prices Today
Bitget Token
BGB price is making history today, with the coin up by 26% in the last 24 hours, currently trading at $6.291. Its 24-hour low and high are $4.87 and $6.30, respectively. Crypto prices today reflect the remarkable surge of BGB, which has seen a market cap of $8.8 billion and a trading volume of $800 million.
This coin has experienced impressive growth, rising by 300% in the last month and 500% in the past quarter. The extraordinary performance of BGB is drawing significant attention, and its rise continues to fuel optimism in the crypto space.
Movement
Movement (MOVE) price was up by 15% in the last 24 hours, trading at $1.156. Its 24-hour low and high were $0.99 and $1.21, respectively. With a market cap of $2.61 billion, MOVE continues to show positive momentum in the crypto market.
GateToken
GT price was up by 10%, trading at $15.32. Its 24-hour low and high were $13.85 and $15.42, respectively. With a market cap of $1.36 billion, GateToken is ranked among the top 100 coins by market cap, reflecting its strong performance in the crypto market.
Top Crypto Loser Prices Today
Hyperliquid
HYPE price was trading at $26.30, showing an 11% drop in the last 24 hours. Its 24-hour low and high were $25.64 and $30.46, respectively. Despite the recent decline, crypto prices today reflect a market cap of $7.17 billion, maintaining its significant presence in the market.
Helium
Helium (HNT) price was down by 9%, trading at $7. Its 24-hour low and high were $6.90 and $7.64, respectively. With a market cap of just $1.23 billion, HNT is facing a challenging period in the market.
Fartcoin
FARTCOIN price was down by 7% in the last 24 hours, with its 24-hour low and high at $1.112 and $1.288, respectively. Despite the recent decline, it was the top gainer yesterday, surging by 70%.
Besides, the crypto market has continued to hold upside momentum in the last few hours with positive signs of further upside in Bitcoin (BTC), Ethereum (ETH), and major altcoins. Traders are expecting a rally after Christmas from the year’s end crypto options expiry.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Today, the cryptocurrency market is steady, with Bitcoin (BTC) and most major altcoins showing 1% to 2% gains in the last 24 hours. Bitcoin traded in a range, while Ethereum (ETH) rose by 1%. Aave (AAVE) and Chainlink (LINK) emerged as the top gainers, surging 20% after the Trump family’s crypto project, World Liberty, reportedly bought significant amounts of ETH, AAVE, and LINK.
The global cryptocurrency market cap fell by 0.5%, now at $3.58 trillion. However, overall trading volume grew by 2%, now at $212 billion. Meanwhile, the Fear and Greed Index indicated a score of 78, reflecting strong market greed. Here’s a closer look at some top cryptocurrencies by market cap and their prices today, December 13.
Cryptocurrency Market Today: BTC, XRP, and SOL Decline; ETH Up 2%
Bitcoin (BTC) price remained within a narrow range but declined slightly, while Ripple (XRP) and Solana (SOL) also saw marginal losses. Ethereum (ETH), on the other hand, gained 2%, reflecting resilience amidst market fluctuations.
Bitcoin Price Today
Bitcoin (BTC) price was trading at $99,664, down 2% over the last 24 hours. Its 24-hour low and high ranged between $99,210 and $102,501, reflecting minor volatility. The market cap of Bitcoin stood at $1.97 trillion, with a trading volume of $71 billion in the same period.
According to Farside Investor, BTC inflows reached $165 million, signaling continued institutional interest. Grayscale purchased $110 million worth of BTC, while Bitwise and Fidelity contributed $61 million and $30 million, respectively. Despite these inflows, data from BlackRock’s Bitcoin ETF remains highly anticipated, adding to market speculation.
In related developments, Nano Labs Ltd, a Chinese fabless integrated circuit design company, disclosed its Bitcoin holdings. This revelation highlights the growing adoption of cryptocurrency among technology firms.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,908, marking a 1% increase in the last 24 hours. Its 24-hour low and high ranged between $3,836 and $3,986, indicating moderate price fluctuations. The market cap of ETH stood at $471 billion, with a trading volume of $43 billion during the same period.
The Ethereum ETF saw significant inflows of $71 million on Thursday. Of this, Grayscale contributed $51 million, while Fidelity added $19 million. The market continues to await data from BlackRock’s Ethereum ETF, which is still anticipated.
XRP Price Today
XRP price was trading at $2.34, reflecting a 1% decline over the last 24 hours. The 24-hour low and high ranged between $2.313 and $2.481, indicating moderate price fluctuations. XRP’s market cap stood at $134 billion, with a trading volume of $11 billion. Despite the decline, XRP continues to hold its position as the fourth-largest cryptocurrency by market cap in the cryptocurrency market today.
In other news, Ripple minted over $13 million in RLUSD, ahead of its expected launch. This move marks a significant step as Ripple expands its offerings and prepares for further adoption of its stablecoin in the crypto space.
Solana Price Today
Solana (SOL) price was down by approximately 1%, now trading at $227. Its 24-hour low and high ranged between $224 and $234, reflecting moderate volatility. With a market cap of $108 billion and a trading volume of $5 billion, Solana remains one of the top contenders in the cryptocurrency market today.
In other news, Solana has ended Ethereum‘s eight-year streak to become the leading ecosystem for new developers this year. This shift highlights Solana’s growing dominance and appeal among developers, marking a significant milestone in the blockchain space.
Meme Cryptocurrency Market Today
Meanwhile, the top meme coins have shown a bearish trend, with Dogecoin (DOGE) down by 2.47%, trading at $0.40. Shiba Inu (SHIB) also faced a 5% decline, now trading at $0.00002805. Other notable meme coins like PEPE, BONK, and WIF are down by 7% to 8%, reflecting the overall downturn in this segment of the cryptocurrency market today.
Top Crypto Gainers Prices Today
Aave
Aave (AAVE) price was trading at $371, showing a significant 20% increase from the last 24 hours. Its 24-hour low and high ranged between $341 and $385, reflecting strong price movement. In addition, Trump Family Office World Liberty has added AAVE, Ethereum (ETH), and Chainlink (LINK) to its portfolio, signaling growing institutional interest in these cryptocurrencies.
Chainlink
Chainlink (LINK) price was trading at $29, reflecting a 20% increase over the last 24 hours, making it one of the top gainers in the cryptocurrency market today. Its 24-hour low and high ranged between $26.89 and $30.80. With a market cap of $18 billion and a trading volume of $4 billion, LINK continues to show strong performance despite overall market fluctuations.
Lido DAO
LDO price was trading at $2.20, reflecting an 18% increase from the last 24 hours. Its 24-hour low and high ranged between $1.99 and $2.37, showcasing significant price movement during the period.
Top Crypto Losers Prices Today
Movement
MOVE price was trading at $0.64, making it the top loser for today. It was down by 10%, with its 24-hour low and high ranging between $0.61 and $0.71, reflecting a notable decline in its value.
Bittensor
TAO price was the second top loser for today, experiencing a 9% drop in the last 24 hours. It was trading at $579, with its 24-hour low and high ranging between $568 and $638, reflecting significant price volatility during the period.
Algorand
ALGO price was trading at $0.42, reflecting an 8% drop in the past 24 hours in the cryptocurrency market today. Its 24-hour low and high ranged between $0.41 and $0.47, showing some volatility during this period.
The hourly chart in the cryptocurrency market today is showing mixed reactions. Bitcoin (BTC) is up in the last hour, reflecting a positive trend, while major altcoins are showing negative gains during the same period. This shift highlights the fluctuating dynamics within the cryptocurrency market today.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Dogecoin Leads Meme Coin Rebound as Bitcoin Price Nears $99K Decrypt
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The crypto prices today have primarily continued on an upward trajectory, showcasing strong market momentum. Bitcoin (BTC) has reached a significant milestone, touching $99,000 for the first time. Ethereum (ETH) and Solana (SOL) have also surged by 9% and 12%, while XRP has climbed by an impressive 25%. The global crypto market cap has jumped by 6%, to $3.26 trillion, with total trading volume skyrocketing 41% in the past 24 hours to $251 billion.
Let’s dive deeper into the top cryptocurrencies by market cap and their price movements on November 22.
Crypto Prices Today: Bullish BTC, ETH, SOL & XRP Sentiment
The overall crypto market appears bullish as Bitcoin (BTC) touched $99K for the first time. Ethereum (ETH) prices shot up by 9%, while most major cryptocurrencies have gained in the past 24 hours. XRP surged 25%, fueled by news of Gary Gensler stepping down as US SEC Chair in January 2025.
Bitcoin Price Today
Bitcoin has gained approximately 5% in the past 24 hours and is currently trading at $98,683. The coin’s intraday low and high were $94,457 and $98,834, respectively. With a market cap of $1.95 trillion and a 24-hour trading volume of $106 billion, BTC holds a market dominance of 59.53%, reflecting its continued strength in the crypto market.
According to Sosovalue, ten Bitcoin ETFs recorded an inflow of $397 million on Thursday, signaling growing institutional interest. However, BlackRock’s IBIT data, which is highly anticipated, is still awaited and could further influence market sentiment.
Ethereum Price Today
Ethereum surged 9% today and is trading at $3,331. Its 24-hour low and high were $3,083 and $3,388, respectively. With a market cap of $400 billion and a trading volume of $52 billion in the past 24 hours, ETH remains the second-largest cryptocurrency by market cap, holding a market dominance of 12.20%.
While ETH ETFs saw an outflow of $9 million, BlackRock’s data is still awaited for further insights. Additionally, ETH co-founder Vitalik Buterin purchased Super Anon (ANON) tokens on Base, highlighting its potential as a revolutionary token in the privacy space.
Solana Price Today
Solana (SOL) is currently trading at $261, marking a 12% increase in the last 24 hours. The crypto prices hits all-time high of $263.70 today. Its intraday low and high were $236 and $263.70, respectively. With a market cap of $122 billion, SOL stands as the fourth-largest cryptocurrency by market cap, showcasing its robust performance.
The 24-hour trading volume for Solana is $11 billion, and it holds a market dominance of 3.74%. As Bitwise submits Solana spot ETF filing, its growing significance in the crypto space reflects increasing investor interest.
XRP Price Today
XRP recorded the biggest jump in the past 24 hours, currently trading at $1.36, marking a 25% surge. Its 24-hour low and high were $1.086 and $1.43, respectively. With a market cap of $78 billion, XRP ranks as the sixth-largest cryptocurrency by market capitalization.
The 24-hour trading volume for XRP stands at $15 billion, with a market dominance of 2.38%. This significant rally highlights growing investor interest, further boosting its position in the crypto market.
Meme Coins Prices Today
Dogecoin (DOGE) witnessed a 6% increase in the past 24 hours, currently trading at $0.3966. Its 24-hour low and high were $0.3767 and $0.3996, respectively. With a market cap of $58 billion and a trading volume of $8.72 billion in the last 24 hours, DOGE continues to show strong market performance.
Similarly, Shiba Inu (SHIB) gained nearly 7%, currently trading at $0.00002502. Other notable meme coins like PEPE, BONK, and WIF also saw impressive gains, ranging from 6% to 13% in the past 24 hours, reflecting strong investor interest in the meme coin sector.
Top Crypto Gainers Prices Today
FTX Token
FTT token jumped by 34% in the past 24 hours, currently trading at $2.68. Its 24-hour low and high were $1.973 and $2.962, respectively, reflecting a strong surge in its price.
XRP
XRP is currently trading at $1.36, reflecting a 25% increase in the past 24 hours. Its 24-hour low and high were $1.086 and $1.43, respectively, showing significant price movement during this period.
Optimism
Optimism (OP) is up by 24% in the last 24 hours, currently trading at $2.03. Its 24-hour low and high were $1.647 and $2.202, respectively, reflecting strong price action during this period.
Top Crypto Losers Prices Today
FLOKI
FLOKI is down by 5% in the last 24 hours, currently trading at $0.0002627. Its 24-hour low and high were $0.0002487 and $0.0002778, respectively, showing a slight decline in price during this period.
Peanut the Squirrel
PNUT price is trading at $1.29, down by 3% in the last 24 hours. Its 24-hour low and high were $0.1185 and $0.153, respectively, with trading volume climbing 31%.
Besides this, the hourly chart of BTC and ETH looks positive, with both showing a 1% increase. This upward movement reflects a strong short-term trend for both cryptocurrencies. The crypto prices is expected to show volatility today amid weekly options expiry.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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