Crypto Market Update: BTC Hits $98K, XDC Jumps 20%, ONDO Gains 18%
Highlights
- XDC Network leads the day with a 20% surge, reflecting strong market interest.
- Bitcoin stabilizes above $98K, recovering from Monday’s dip.
- ONDO sees an 18% rise, showcasing momentum in the altcoin sector.
Market Overview
Cryptocurrency prices on December 11 displayed mixed trends. Bitcoin (BTC) fluctuated between $93K and $98K, maintaining stability, while Ethereum momentarily dropped below $3,500. XRP rebounded with a 6% increase after falling below $2. The global market cap decreased slightly by 1% to $3.40 trillion, and trading volume dipped 7% to $305 billion.
Key Cryptocurrency Performances
Bitcoin (BTC)
BTC is trading at $97,198, with a high of $98,210 and a low of $94,263. Its market cap stands at $1.92 trillion, and a trading volume of $104 billion reflects continued investor activity. Bitcoin dominance rose to 55.90%, signaling its resilience.
Institutional interest remains strong, with $439 million in BTC ETF inflows reported by SoSo Value. BlackRock and Fidelity accounted for significant portions, indicating rising investor confidence.
Ethereum (ETH)
ETH is currently priced at $3,663, down 1% in the last 24 hours. Its market cap is $440 billion, with $55 billion in trading volume. Despite the dip, Ethereum continues to attract institutional inflows, with $305 million reported for ETH ETFs.
XRP
XRP saw a 6% price jump to $2.30, recovering from a low of $1.91. Whale activity surged, with over 2.66 billion XRP moved to Binance in the past month, marking the highest transfer volume since April 2024.
Solana (SOL)
SOL gained 4%, trading at $218, with a high of $219 and a low of $203. Optimistic forecasts for Solana, along with Bitcoin and Ethereum, suggest potential all-time highs in 2025, underlining its growth prospects.
Top Gainers
- XDC Network: XDC surged 20%, trading at $0.092, with strong market demand driving its growth.
- ONDO: ONDO climbed 18% to $1.66, showcasing robust momentum and rising investor interest.
- Bitget Token (BGN): BGN saw a 17% increase, trading at $2.92, reflecting significant growth.
Top Losers
- Movement (MOVE): Suffered a 311% drop to $0.6862, marking it the worst performer.
- Aerodrome Finance (AERO): Fell by 9%, now trading at $1.86.
- Ethena (ENA): Declined by 6% to $0.9087, experiencing continued volatility.
Market Sentiment
While the global market cap and trading volume dipped, the hourly chart shows a short-term recovery, with major cryptocurrencies like Bitcoin and Ethereum gaining 1%-2%. This suggests a potential rebound in the coming days.
