Cryptocurrency prices today reflected a downturn as Bitcoin (BTC) dipped below $93,000, marking a significant decline. Helium (HNT) declined by 12%, while Quant (QNT) dropped by 10%, emphasizing the market’s challenging phase.
The global market cap was down by 1.5%, now at $3.22 trillion. However, trading volume surged significantly, increasing by a whopping 50%, and currently stands at $139 billion.
Cryptocurrency Prices Today: BTC, ETH, and XRP Decline Amid Market Downturn
Bitcoin (BTC) price dipped below $93,000, showcasing volatility after its recent highs. Ethereum (ETH) struggled, showing a downward trend alongside Ripple (XRP) and Solana (SOL), as everything is down in the current market scenario. These major cryptocurrencies reflected the overall bearish sentiment, with investors closely monitoring their next moves.
Bitcoin Price Today
Bitcoin price today was trading at $92,503, approximately 1.5% down in the last 24 hours. Its 24-hour low and high were $91,487 and $95,080, respectively. Notably, Bitcoin’s trading volume surged by 70% in the same period, reaching $55 billion.
As per Farside Investors, BTC ETFs recorded an outflow of $378 million, marking two consecutive days of outflows. Grayscale reported an outflow of $165 million, while Fidelity sold $154 million worth of BTC. BlackRock’s ETF data remains anticipated.
In other news, Riot Platforms’ executive revealed how Operation Chokepoint 2.0 impacted Bitcoin mining. Energy regulators’ measures have added challenges to the industry, highlighting an issue that demands further scrutiny.
Ethereum Price Today
Ethereum price today was trading at $3,336, reflecting a 2.4% drop in the last 24 hours. Its 24-hour low and high were $3,304 and $3,432, respectively. Ethereum’s trading volume saw a notable surge of 66%, reaching $26 billion.
ETH ETFs experienced an outflow of $55 million, with $20 million from Fidelity and $31 million from Grayscale. Data for BlackRock’s ETF is still anticipated, leaving investors waiting for updates.
XRP Price Today
XRP price today was trading at $2.02, with a 24-hour low of $2.00 and a high of $2.139, showing a 5% drop in the last 24 hours. The cryptocurrency prices today also reflected a market cap of $116 billion and a trading volume surge of 86%, now at $6.49 billion. Crypto analysts suggest that XRP’s price may experience significant momentum shifts based on its RSI levels, indicating potential volatility in the coming days.
Solana Price Today
Solana (SOL) price today was trading at $190, reflecting a 1% decline in the last 24 hours. Its 24-hour low and high were $186 and $196, respectively. The market cap stood at $91 billion, with a trading volume of $3.21 billion.
Top Cryptocurrency Gainer Prices Today
Zerebro
Zerebro (ZEREBRO) price today was trading at $0.55, showing a 25% increase in the last 24 hours. Its 24-hour low and high were $0.40 and $0.59, respectively. The market cap stands at $546 million, with a trading volume of $203 million. Over the past week, ZEREBRO has surged by 82%, reflecting strong momentum.
DeXe
DeXe (DEXE) price was up by 8% today, trading at $13.88. Its 24-hour low and high were $12.67 and $15.88, respectively. The market cap stands at $792 million, with a trading volume of $36 million.
EigenLayer, Morpho, and Goatseus Maximus coins were up by 3 to 5% in the last 24 hours, reflecting positive momentum in the market. These altcoins continue to show growth, contributing to the overall market activity.
Top Cryptocurrency Loser Prices Today
Helium
HNT price was down by 12%, making it the worst performer in the last 24 hours. It was trading at $5.90, with a 24-hour low of $5.87 and a high of $6.73. The significant decline reflects a challenging market for Helium in this period.
Quant
QNT price was down by 10%, now trading at $105. Its 24-hour low and high were $105 and $117, respectively. The market cap stands at $1.27 billion, with a trading volume of $23 million.
Stacks (STX), AAVE, and Fantom (FTM) prices were down by 7 to 8% in the last 24 hours, reflecting a challenging market. Cryptocurrency prices today have shown notable declines, contributing to the overall bearish trend.
Beside this, the hourly charts are now showing no bullish sentiment, with Bitcoin (BTC) and most of the top altcoins down in the last hour. However, in good news, Janover Inc has agreed to accept Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) for payment of specific services, signaling a positive move for crypto adoption.
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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The crypto prices today were in the negative territory on Monday, December 25, as the investors seemed to be taking a holiday break. The last week of the year would be crucial, with several crypto market enthusiasts expecting a Santa Claus rally in the market.
Meanwhile, the cryptos have witnessed significant gains this year, reaching their yearly highs. Now, anticipation over a Bitcoin Spot ETF approval in early January has raised bets of further gains in the crypto prices.
Talking about the crypto prices, the Bitcoin price was down 1.64% to $43,147.14 during writing, while its trading volume over the last 24 hours rose 48.88% to $19.71 billion. Meanwhile, the largest crypto by market cap has touched a new yearly high of $43,902.72 in the last 24 hours.
Among other cryptos, the Ethereum price was also down 1.26% to $2,281.94 during writing, with its one-day volume rising 5.84% to $8.58 billion. Simultaneously, the Solana price, crossing the $110 mark, was trading at $112.10, down 1.86% from yesterday. Its trading volume surged 3.27% to $5.35 billion.
The BNB price noted a decline of 1.31% over the last 24 hours and traded at $265.82 during writing. Its trading volume was up 12.4% to $788.37 million. On the other hand, the XRP price slipped 0.78% to $0.6171 during writing, with its trading volume soaring 55.14% to $1.18 billion.
Meanwhile, the meme coin segment also depicts a similar gloomy picture as of writing on Monday, December 25. The Dogecoin price was down 1.67% to $0.09259 during writing, and its trading volume rose 56% to $548.55 million. In addition, the Shiba Inu price dipped 2% to $0.00001076 during writing, and its trading volume from yesterday fell 17.4% to $208.6 million.
The slump in the major crypto prices dragged down the overall crypto market on Monday. During writing, the global crypto market cap slipped 1.19% to $1.66 trillion, while its trading volume rose 24.76% to $62.51 billion. Notably, the fear and greed index reading stood at 72, suggesting a “greed” sentiment in the market.
Also Read: Coinbase and Top Crypto Companies Increase US Political Donations
The Top Crypto Prices For Today Are
Pepe Coin Slips 4%
The Pepe Coin crypto fell on Monday, reflecting the downturn momentum witnessed in the broader market today. As of writing, the Pepe Coin price was down 4.29% and traded at $0.000001392 during writing, while its trading volume rose 3.69% to $110.02 million. However, over the last seven days, it has added over 5% at its current price.
Quant (QNT) Adds 16%
Quant crypto has caught the eyes of the market watchers with its significant gains despite a slump in the major crypto prices. Meanwhile, the Quant price has added 15.93% to trade at $132.30 during writing, while its trading volume rocketed 451.6% to $100.87 million. Over the last seven days, the crypto has added nearly 23% to its price.
Oasis Network (ROSE) Gains 17%
The Oasis Network crypto was another top percentage mover in the digital asset space on Monday, December 25. As of writing, the Quant Network price was up 16.71% and traded at $0.1346, while its trading volume over the last 24 hours advanced 126.47% to $139.32 million. The QNT crypto noted gains of nearly 60% in the last seven days.
Also Read: Japan To Introduce Major Crypto Tax Reforms In 2024
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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- Quant (QNT) price jumped to near $117 on Friday, but traded near $100 on Monday morning.
- QNT was down amid selling pressure after rallying on news the blockchain platform had collaborated on a UK CBDC with the Bank for International Settlements (BIS) and Bank of England.
- The collaboration is seen as a potential positive trigger for future QNT price gains, although currently bears can target $80.
As major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) struggle with fresh sideways grind, some investors are taking whatever profits they can. This is the case with crypto markets down today.
The price of Quant (QNT) is down 2% in the past hours, trading just under $100 early morning on Monday.
However, the token had jumped to highs near $117 on Friday after news that the blockchain platform had collaborated with the Bank for International Settlements (BIS) and Bank of England on the UK’s central bank digital currency (CBDC).
QNT’s daily trading volume was $32.3 million, with a 24-hour decline of 26% from a day earlier.
Quant collaborates on Project Rosalind test for UK CBDC
Quant, founded in 2018, is a UK-based blockchain platform that seeks to make it easy for traditional financial institutions to tap into blockchain technology. The platform pioneered the interoperable blockchain network Overledger, which market experts say could be critical to the development of CBDCs.
On 16 June, Quant announced it had played a role in Project Rosalind, acting together with digital transformation platform UST as a project vendor. Project Rosalind is a test for the UK CBDC, which was led by the Bank for International Settlements and Bank of England. Other participants were Bank of Canada, Barclays Bank, Amazon and Mastercard.
The test sought to explore how application programming interfaces (APIs) could be used for CBDC systems.
The test showed that APIs had the potential to enable CBDC systems to deliver several benefits related to payments functionality and security. Rosalind also showed that innovative use cases around CBCDs were possible, including their use in supporting further digitization of the economy.
“For the first time money is ready for the digital age,” said Gilbert Verdian, founder and CEO of Quant. “A CBDC will enable citizens and businesses to automate cumbersome payments and processes and implement logic into money”
Verdian has urged banks and other financial institutions to “read the Project Rosalind report and start planning their smart money infrastructure strategy.”
Quant price prediction
Quant’s role in Project Rosalind and the news of it as announced on Friday was a positive catalyst for the price of QNT. With this outlook, the blockchain platform signals its potential role in the growing CBDCs space.
But in terms of price movement over the past 10 months, the bear market sell-off sees the token currently trade more than 76% from its all-time high above $427 reached in 2021. It’s a trend that could see QNT drop to sub-$80 levels, a target for bears, if the support level near $95 fails.
On the flipside, if an upbeat sentiment permeates the crypto market – probably led by Bitcoin (BTC) price rebounding to $30k, QNT could recover and target $200. The two likely hurdles on the upside are $105 and $120.
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