BTC Wanes To $96K, Altcoins Mainly Mimic Dip, BGB Up 22%

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Crypto Prices Today: Market Turbulence Continues

The crypto market has experienced a turbulent shift, with prices fluctuating wildly. Bitcoin (BTC) has dropped to the $96k level, while Ethereum (ETH), Solana (SOL), and XRP have also seen significant declines. However, Bitget’s BGB token has defied the broader market trend, experiencing unprecedented gains.

The global crypto market cap has slipped 2.5% over the past day, reaching $3.34 trillion. The total market volume has increased 5% to $123.46 billion. Let’s take a closer look at the top coins and their price action on December 27.

Crypto Prices Today: BTC, ETH, SOL, & XRP Take Heat

The top cryptos, including BTC, ETH, XRP, and SOL, are facing heat due to the U.S. Fed’s hawkish stance on rate cuts. Bitcoin has continued to backtrack, reaching the $96K level today, while ETH, SOL, and XRP prices have cracked 2%-4% intraday.

Bitcoin (BTC) Price Today

BTC price has dropped 2.5% in the past 24 hours and is currently trading at $96,236. Its 24-hour low and high were $95,137 and $98,973, respectively. Bitcoin’s market dominance stands at 57.05%, indicating a dominant market stance for the flagship crypto.

Despite the recent market volatility, long-term prospects for the coin remain optimistic, with American energy management company KULR purchasing $21M worth of BTC recently. However, it’s also worth considering the recent market trends.

Another report suggests that the crypto could correct to $80K in the wake of the current market trends. Market participants remain apprehensive in light of these stats.

Ethereum (ETH) Price Today

ETH price has slipped 2% intraday and is currently sitting at $3,380. Its 24-hour low and high were $3,302.31 and $3,446, respectively. Ethereum’s slumping action follows the broader market trend.

However, Coinglass data has sparked slight optimism over the asset’s market potential. Notably, ETH’s futures OI witnessed a marginal 1% increase to $23.47 billion. Moreover, the derivatives volume rocketed 29% in value to $35.69 billion. Market watchers continue to eye the crypto for further price action shifts amid a broader turbulent market.

Solana (SOL) Price Today

SOL price has waned nearly 3% in the past 24 hours and is currently trading at $190.31. Its intraday low and high were $186.86 and $195.27, respectively. The crypto’s future price movements remain uncertain amid the broader market’s volatile movement.

Coinglass data indicated a 3% drop in Solana’s futures OI, whereas the derivatives volume soared 24%. However, despite the recent correction, a report suggests that Solana could reach between $400 and $500 in this cycle.

XRP Price Today

At press time, XRP price dipped nearly 3.5% and is currently trading at $2.18. Its intraday low and high were $2.13 and $2.25, respectively. Despite soaring optimism across the Ripple community in light of favorable legal maneuvers and strong market technicals, the token currently faces heat. Nevertheless, a report spotlighted a $27 price target for XRP, sparking contrasting speculations on future movements.

Meme Crypto Prices Today

Dogecoin witnessed a 3% drop in value and is currently sitting at $0.3156. Moreover, Shiba Inu witnessed a 2% decline to $0.00002182. Even PEPE, BONK, and PENGU cracked 1%-13% intraday, aligning with the broader market trend.

Top Crypto Gainer Prices Today

Bitget Token (BGB)

BGB price soared nearly 17% over the past day and is currently trading at $7.67. Its intraday low and high were $6.17 and $7.87, respectively.

FTX Token (FTT)

FTT price soared 8% over the past day and is currently sitting at $3.80. Its intraday low and high were $3.33 and $4.10, respectively.

GateToken (GT)

GT price gained 5% intraday and is currently trading at $15.95. Its 24-hour low and high were $14.79 and $17.67, respectively.

Top Crypto Loser Prices Today

Movement (MOVE)

MOVE price dropped 10% over the past day and is currently trading at $0.0000121. Its intraday low and high were $0.0000112 and $0.0000134, respectively.

Conclusion

The crypto market has experienced a turbulent shift, with prices fluctuating wildly. Despite the recent market volatility, long-term prospects for the top cryptos remain optimistic. However, market participants remain apprehensive in light of the current market trends.