Crypto prices are reflecting a bullish trend today, with Bitcoin (BTC) rebounding from the $92,000 level to reach $99,000. Major altcoins are also showing positive momentum. In particular, the rise of BGB coin and several cryptocurrencies attracted attention.
BGB coin and others on the rise
The Bitget Exchange token (BGB coin) led the market gains, rising 18% in the last 24 hours. For the week, BGB rose 48%, outperforming other major altcoins that were bearish over the same period. Movement (MOVE) was the second biggest gainer with a 15% price increase. The global cryptocurrency market capitalization increased by nearly 1% to $3.43 trillion. However, overall trading volume fell 11% to $117 billion, largely due to the ongoing Christmas holiday season around the world.
Market activity is expected to increase next week as the United States prepares for Donald Trump’s presidential inauguration in three weeks. The Fear and Greed Index currently stands at 63, indicating continued market greed. Here’s an overview of the leading cryptocurrencies by market capitalization and price action. Crypto prices reflect a strong bullish momentum today, with Bitcoin (BTC) maintaining its position near $99,000. Ethereum (ETH) and XRP showed steady gains, while Solana (SOL) recovered after recent losses. These developments suggest that investors are regaining confidence in major cryptocurrencies.
What’s the latest on the Bitcoin price?
The price of Bitcoin (BTC) is trading at $99.123, up nearly 1% in the last 24 hours. The 24-hour low and high were $97,681 and $99,974, respectively. BTC’s market capitalization was $1.96 trillion, while trading volume fell to $35 billion due to reduced holiday activity. Bitcoin’s market dominance increased to 57.04% compared to the previous day. According to Coinglass, Bitcoin futures volume reached $18.95 billion in the last 24 hours, while Binance contributed $12.49 billion. Moreover, Russia is leveraging Bitcoin and other cryptocurrencies in foreign trade to mitigate the impact of Western sanctions.
Ethereum (ETH) traded at $3,462, up about 0.5% in the last 24 hours. The 24-hour low and high were $3,442 and $3,545, respectively. ETH’s market capitalization reached $417 billion with a trading volume of $18 billion. In addition, The Sonic Chain expanded its reach by introducing a new bridge to connect with the Ethereum ecosystem, further strengthening its milestones and ties with Fantom (FTM).
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