Bitcoin Hits Monthly Low, Altcoins Extend Losses
The post Bitcoin Hits Monthly Low, Altcoins Extend Losses appeared on BitcoinEthereumNews.com.
Today, crypto prices remained under pressure as Bitcoin (BTC) fell near its monthly low. Altcoins also continued to face declines, reflecting a bearish trend across the crypto market. Tether (USDT), the largest stablecoin by market capitalization, may face removal from European exchanges due to non-compliance with new Markets in Crypto-Assets (MiCA) regulations. The compliance deadline of December 30, 2024, has raised uncertainty among market participants. FTX Token (FTT) emerged as a top gainer today, with a 7% surge in its price. This development follows FTX’s announcement that claims processing will begin on January 3 next year, with $16 billion in cash expected to be repaid. The global crypto market has declined by approximately 1.5% over the last 24 hours, standing at $3.29 trillion. However, trading volume saw a 12% rise, reaching $90 billion. Here’s a brief overview of some leading cryptocurrencies by market cap and their crypto prices today, December 30. Crypto Prices Today: BTC Falls Below $94K, XRP, and SOL Drop Amid Market Pressure Crypto prices today saw Bitcoin (BTC) falling below $94,000, marking a sharp decline. Michael Saylor hinted at buying more Bitcoin through his recent post on X, sparking investor interest. Ethereum (ETH) was the only coin in green, registering a 1% price surge amid the market downturn. Bitcoin Price Today Bitcoin price was trading at $93,400, with a 1.3% drop in the last 24 hours. Its 24-hour low and high were $93,079 and $95,341, respectively. However, trading volume surged by 40%, reaching $32 billion. According to SoSo Value, BTC ETF recorded a weekly inflow of $387 million last week, indicating renewed institutional interest. In other news, Bitcoin’s clean energy usage has exceeded 50%, highlighting its progress in sustainability. Elon Musk had previously stated he might accept BTC for payments, leaving the community eager for updates. Ethereum…
Filed under: News - @ December 30, 2024 4:09 am