Bitcoin climbed past $99,000 on Christmas day, driven by renewed optimism that energized the market.According to CryptoSlate’s data, the leading digital asset gained over 5% in the last 24 hours, recovering from a weekly low of $92,973. At the time of writing, Bitcoin was trading at $98,000, showing the rebound wasn’t long-lived after days of declining prices.Altcoins joined the recovery, with Ethereum, XRP, and Solana each posting gains of over 4%.Notably, this momentum has lifted the global crypto market cap by 3.5% to $3.44 trillion. At the same time, the Crypto Fear and Greed Index climbed to 73, showing a sentiment of “Greed.”This bullish trend aligns with forecasts from Santiment, a blockchain analytics firm. The platform highlighted that market rebounds often follow panic-driven retail sell-offs, allowing larger investors, or “whales,” to accumulate assets at discounted prices.It stated:“Historically, when retail traders begin to sell based on panic and emotion, whales and sharks have opportunities to scoop up more coins with little resistance, creating bounces.”$300 million in liquidationsThe recent rally has not come without its share of turbulence. Data from CoinGlass revealed that over $290 million was liquidated in the past 24 hours, impacting 105,883 traders.Short positions accounted for most of these losses, with $162 million wiped out as Bitcoin prices climbed. On the other hand, traders with long positions betting on further upward momentum faced $128 million in liquidations.Bitcoin traders experienced the heaviest liquidation losses, with $78 million wiped out, followed by Ethereum traders, who saw $51 million in liquidations.Meanwhile, the largest single liquidation occurred on Okx, involving a $6.9 million ETH-USDT transaction, underscoring the market’s heightened volatility.Bitcoin Market DataAt the time of press 12:52 pm UTC on Dec. 25, 2024, Bitcoin is ranked #1 by market cap and the price is up 4.23% over the past 24 hours. Bitcoin has a market capitalization of $1.94 trillion with a 24-hour trading volume of $46.21 billion. Learn more about Bitcoin ›Crypto Market SummaryAt the time of press 12:52 pm UTC on Dec. 25, 2024, the total crypto market is valued at at $3.42 trillion with a 24-hour volume of $139.53 billion. Bitcoin dominance is currently at 56.76%. Learn more about the crypto market ›Mentioned in this article
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Bitcoin (BTC) $ 117,745.00
Ethereum (ETH) $ 3,784.79
XRP (XRP) $ 3.12
Tether (USDT) $ 0.999816
BNB (BNB) $ 803.20
Solana (SOL) $ 181.35
USDC (USDC) $ 0.999809
Lido Staked Ether (STETH) $ 3,780.64
Dogecoin (DOGE) $ 0.223055
TRON (TRX) $ 0.336488
Cardano (ADA) $ 0.781020
Wrapped stETH (WSTETH) $ 4,571.95
Wrapped Bitcoin (WBTC) $ 117,462.00
Hyperliquid (HYPE) $ 43.37
Sui (SUI) $ 3.82
Stellar (XLM) $ 0.418198
Chainlink (LINK) $ 17.78
Wrapped Beacon ETH (WBETH) $ 4,062.16
Bitcoin Cash (BCH) $ 562.38
Hedera (HBAR) $ 0.262395
Wrapped eETH (WEETH) $ 4,055.59
Avalanche (AVAX) $ 24.28
WETH (WETH) $ 3,784.09
LEO Token (LEO) $ 8.96
Litecoin (LTC) $ 108.37
Toncoin (TON) $ 3.37
Ethena USDe (USDE) $ 1.00
Shiba Inu (SHIB) $ 0.000013
USDS (USDS) $ 0.999592
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999302
WhiteBIT Coin (WBT) $ 44.03
Coinbase Wrapped BTC (CBBTC) $ 117,783.00
Uniswap (UNI) $ 10.24
Polkadot (DOT) $ 3.89
Monero (XMR) $ 317.41
Bitget Token (BGB) $ 4.53
Pepe (PEPE) $ 0.000011
Cronos (CRO) $ 0.143427
Ethena Staked USDe (SUSDE) $ 1.19
Aave (AAVE) $ 281.79
Dai (DAI) $ 0.999827
Bittensor (TAO) $ 379.34
Ethena (ENA) $ 0.561940
NEAR Protocol (NEAR) $ 2.71
Ethereum Classic (ETC) $ 21.71
Pi Network (PI) $ 0.426939
Ondo (ONDO) $ 0.955063
Internet Computer (ICP) $ 5.43
OKB (OKB) $ 48.25
Jito Staked SOL (JITOSOL) $ 221.06