Crypto Market Update (December 21, 2024): Bitcoin Price Increases to $97,000 HYPE Experiences 34% Surge

**Story Highlights**

– Bitcoin price surges 0.30% in 24 hours, reaching $97,569.12
– Metaplanet Inc. raises $61M to fast-track Bitcoin acquisitions
– HYPE price rises by 34%, leading the top 100 cryptos

The cryptocurrency market today is recovering from losses sustained over the past 48 hours, with the market capitalization increasing by 1.34% in the last 24 hours to an impressive $3.4 trillion. Trading volumes have also surged by 10.25% to $291.27 billion, signaling renewed optimism among investors. This positive shift is further reflected in the Fear & Greed Index, which is currently at a “Greed” score of 62.

**Bitcoin Shows Resilience as Dominance Remains Strong**

Bitcoin has been showing bullish momentum as the market recovers. It rose by 0.30% in 24 hours, reaching a price of $97,569.12. Additionally, Bitcoin saw a modest 2.5% increase in its trading volume, reaching $95.99 billion. In terms of inflows, Metaplanet Inc. made headlines by raising $61 million to accelerate its Bitcoin acquisitions. The influence of the leading cryptocurrency remains robust, with its market dominance holding steady at 56.82%.
For more insights into Bitcoin’s future, explore our
Bitcoin Price Prediction.

**Altcoins Watch: ETH Outruns BTC**

Ethereum outperformed Bitcoin on the daily charts, rising by 2.91% to $3,490.85. Solana and XRP also showed moderate gains, increasing by 1.27% and 0.55%, respectively, to $197.47 and $2.32.
For a detailed analysis of Ethereum, check out our
Ethereum Price Prediction.

**Top Gainers and Losers**

HYPE was the biggest gainer, surging 34.27% to $33.15, followed by VIRTUAL, which rose 18.78% to $2.74, and ENA, which climbed 17.55% to $1.16. However, this optimism was not shared by all tokens. The day’s biggest losers were APTOS, which plummeted 12.22% to $10.28, XMR, which fell 5.93% to $189.13, and OM, which dropped 3.65% to $3.85.

**FAQs**

**How much does 1 BTC cost today?**
Bitcoin is priced at $97,569.12, reflecting a 0.30% gain over the last 24 hours.

**Which tokens performed the best today?**
HYPE (+34.27%), VIRTUAL (+18.78%), and ENA (+17.55%) were the top gainers.

**What is the current sentiment in the market?**
The Fear & Greed Index stands at 62, signaling “Greed.”

**Tags:** Bitcoin, Crypto news