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) $ 108,518.00
Ethereum (ETH) $ 2,599.37
Tether (USDT) $ 1.00
XRP (XRP) $ 2.31
BNB (BNB) $ 661.82
Solana (SOL) $ 150.99
USDC (USDC) $ 0.999902
TRON (TRX) $ 0.287698
Dogecoin (DOGE) $ 0.170772
Lido Staked Ether (STETH) $ 2,597.85
Cardano (ADA) $ 0.586461
Wrapped Bitcoin (WBTC) $ 108,383.00
Hyperliquid (HYPE) $ 39.05
Wrapped stETH (WSTETH) $ 3,142.07
Bitcoin Cash (BCH) $ 507.60
Sui (SUI) $ 2.91
Chainlink (LINK) $ 13.87
LEO Token (LEO) $ 9.12
Stellar (XLM) $ 0.262825
Avalanche (AVAX) $ 18.21
USDS (USDS) $ 0.999788
Wrapped eETH (WEETH) $ 2,785.16
Shiba Inu (SHIB) $ 0.000012
Toncoin (TON) $ 2.81
Hedera (HBAR) $ 0.161344
WETH (WETH) $ 2,599.91
Litecoin (LTC) $ 87.64
WhiteBIT Coin (WBT) $ 45.03
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Monero (XMR) $ 317.04
Coinbase Wrapped BTC (CBBTC) $ 108,491.00
Ethena USDe (USDE) $ 1.00
Polkadot (DOT) $ 3.43
Bitget Token (BGB) $ 4.31
Uniswap (UNI) $ 7.61
Aave (AAVE) $ 293.12
Pepe (PEPE) $ 0.000010
Dai (DAI) $ 1.00
Pi Network (PI) $ 0.465827
Ethena Staked USDe (SUSDE) $ 1.18
Bittensor (TAO) $ 319.77
Cronos (CRO) $ 0.093450
OKB (OKB) $ 48.25
Aptos (APT) $ 4.45
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
NEAR Protocol (NEAR) $ 2.22
Jito Staked SOL (JITOSOL) $ 183.57
Internet Computer (ICP) $ 4.83
Ethereum Classic (ETC) $ 16.87
Ondo (ONDO) $ 0.794543