Crypto Price Today (Dec 24, 2024): Bitcoin Price Drops to $94k, Despite Microstrategy’s Purchase?

The crypto market today has been in a consolidation phase, with the total market cap lowering slightly by 0.95% to $3.32 trillion. This led to the trading volume seeing a positive increase of 2.05% to $152.63 billion, indicating growing interest from the market players. Talking about the Fear & Greed Index, the metric now shows a neutral score of 54, highlighting a cautious environment.

BTC Price at $94k, Despite Microstrategy’s Purchase?

Bitcoin price at the time of press has fallen 1.17% in the past day to $94,408.15. The 24-hour trading volume, however, rose notably by 20.17% to $58.73 billion. However, Bitcoin ETFs showed an outflow of $276 million, with front-runners being ARK & 21Shares leading at $87 million, followed by Fidelity and Grayscale.

While Bitcoin has been dwindling amidst the rough waters, institutional investments have been on a constant spike. Microstrategy continues to hold a bullish stance on Bitcoin, with its recent acquisition of 15,350 BTC. The star crypto hitting a low despite Microstrategy’s purchase has sparked discussions among marketers.

For insights into Bitcoin’s future, explore our Bitcoin Price Prediction.

Altcoins Shine Despite Bitcoin’s Pullback?

Ethereum price rallied 3.20% on the daily charts to $3,426.68, While Solana posted a 3.56% spike to $191.40. XRP too mirrored fellow altcoins, registering a 2.72% increase to $2.26. The top altcoins’ bullish run has led to enthusiasm among altcoin holders.

For Ethereum’s detailed analysis, check out our Ethereum Price Prediction. 

Top Gainers:

VIRTUAL: $3.14 +23.69%

AAVE: $376.86 +15.06%

HYPE: $29.81 +14.04%

Top Losers:

XMR: $187.41 -2.29%

ENA: $1.06 -1.45%

BTC: $94,436.48 -1.16%

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