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) $ 110,330.00
Ethereum (ETH) $ 2,696.75
Tether (USDT) $ 1.00
XRP (XRP) $ 2.34
BNB (BNB) $ 692.28
Solana (SOL) $ 178.73
USDC (USDC) $ 0.999790
Dogecoin (DOGE) $ 0.229747
Cardano (ADA) $ 0.771886
TRON (TRX) $ 0.275731
Lido Staked Ether (STETH) $ 2,697.95
Wrapped Bitcoin (WBTC) $ 110,087.00
Hyperliquid (HYPE) $ 37.82
Sui (SUI) $ 3.68
Wrapped stETH (WSTETH) $ 3,238.67
Chainlink (LINK) $ 16.06
Avalanche (AVAX) $ 23.70
Stellar (XLM) $ 0.290604
Shiba Inu (SHIB) $ 0.000015
Bitcoin Cash (BCH) $ 421.19
LEO Token (LEO) $ 8.90
Hedera (HBAR) $ 0.191121
WETH (WETH) $ 2,694.87
Toncoin (TON) $ 3.02
Litecoin (LTC) $ 96.57
Monero (XMR) $ 386.36
USDS (USDS) $ 0.999800
Polkadot (DOT) $ 4.60
Wrapped eETH (WEETH) $ 2,877.07
Bitget Token (BGB) $ 5.38
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Pepe (PEPE) $ 0.000014
Pi Network (PI) $ 0.749334
Ethena USDe (USDE) $ 1.01
Coinbase Wrapped BTC (CBBTC) $ 110,249.00
WhiteBIT Coin (WBT) $ 32.02
Aave (AAVE) $ 278.59
Uniswap (UNI) $ 6.60
Bittensor (TAO) $ 445.79
Dai (DAI) $ 1.00
NEAR Protocol (NEAR) $ 2.90
Aptos (APT) $ 5.45
Jito Staked SOL (JITOSOL) $ 215.33
OKB (OKB) $ 52.22
Ondo (ONDO) $ 0.967585
Cronos (CRO) $ 0.098907
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Ethereum Classic (ETC) $ 18.91
Internet Computer (ICP) $ 5.37
Tokenize Xchange (TKX) $ 35.39