The price of Bitcoin (BTC) is almost the same as yesterday. It is a typical weekend day in the cryptocurrency market that is accompanied by little price fluctuations. However, there are several altcoins that have risen significantly over the past 24 hours, including Solana (SOL) and Polkadot (DOT). In this market update, you will be informed about the current market situation and the biggest price movements.
Bitcoin price rose 5%, with a new load of stock market fund developments
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Market updates
View of the market
The total market capitalization of the cryptocurrency market increased by 1.32% in the past 24 hours to $1.68 trillion. $70.53 billion worth of cryptocurrencies were traded in the past day. This represents an increase of 10.5% compared to yesterday.
Bitcoin is up just 0.03% over the past day to the current price of $43,812. Bitcoin is therefore the largest cryptocurrency and now represents 51% of the total market. Yesterday, Bitcoin captured 51.5% of the total market.
The hardest crypto climbers
Bitcoin's dominance has taken a hit as several altcoins have risen significantly over the past day. Thorchain (RUNE) can call itself the big winner among the top 50 cryptocurrencies with an increase of 21.32%.
Solana, which is ranked fourth in the cryptocurrency market, is the second fastest riser today. This morning, you could already read that Solana had surpassed the magical $100 threshold for the first time since April of last year.
In total, Solana's price rose by 18.78% over the past day. As a result of this increase, Solana's dominance, or Solana's share of the broader cryptocurrency market, rose to a record high of 3%.
Solana's dominance is now at an all-time high! Still at only 3%! pic.twitter.com/T1rJNKcZoP
– Ran Neuner (@cryptomanran) December 24, 2023
MultiversX takes third place in the ranking of the best performing cryptocurrencies, with an increase of 14.93%. Right after that is Polkadot, the 11th largest cryptocurrency on the market, which also strongly distances itself from the overall market trend with an increase of 13.06%.
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Hardest losers in crypto
Declines have been relatively limited over the past 24 hours. Within the top 50 there are only a few noticeable dips. Cronos (CRO) stock declined the most, at 2.32%. Immutable
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Today's top crypto news
The most important cryptocurrency news comes from the West African country Nigeria. The Central Bank of Nigeria (CBN) has decided to slightly ease cryptocurrency policies in the country. Two years later, the ban on cryptocurrency transactions for banks and financial institutions has been largely lifted.
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