- The most valuable and established cryptocurrency, Bitcoin (BTC), surpassed $43,000.
- The index with the largest 24-hour decline, the SEI, was down more than 11%.
- The price of Ether (ETH) increased by 8.9% on the last day.
The most valuable and established cryptocurrency, Bitcoin (BTC), surpassed $43,000 to reach a market capitalization of $1.71 trillion. Gains were also experienced by altcoins including Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH), and Ripple (XRP). Bitcoin SV (BSV), which increased by more than 67% in a single day, emerged as the top gainer.
The index with the largest 24-hour decline, the SEI, was down more than 11%. The value of the world’s cryptocurrency market was $1.71 trillion at the time of writing, a 4.41 percent increase in just one day. The top cryptocurrency gainers are Lido DAO (LDO), eCash (XEC), Arbitron (ARB), Aave (AAVE), and Bitcoin SV (BSV).
Ethereum
Top cryptocurrency losers include Bitcoin (BONK), Helium (HNT), Stacks (STX), Mina (MINA), and SEI (SEI). Exchanges for cryptocurrencies are forecasting a bull market, with Bitcoin’s trajectory setting up possible developments in 2024.
After a notable outperformance by Solana (SOL-$101) during the previous three months, the price of Ether (ETH) increased by 8.9% on the last day. As a result, there is already a resurgence of bullish enthusiasm surrounding Ethereum. Chief investment officer Jordi Alexander of Selini Capital has predicted a liquidity black hole for January.
Solana’s 951% increase in value since the start of the year has outpaced ETH’s price performance. Supporters of Ethereum claim that layer-2 scaling solutions like Optimism and Arbitrum, which have lower costs on ETH, demonstrate why the network’s architecture is better suited for larger businesses conducting business on-chain.
While Solana has taken a break from its recent upward run and is currently trading at $104, a 4.2% decline over the last day, ETH is currently up 8.9% at $2,417 over the past 24 hours.
