The cryptocurrency market is booming as of December 20, 2024, with the total value of all tokens reaching $3.27 billion. There are currently 31,608 cryptocurrencies in circulation, and global trading participation is on the rise, with a trading volume of $279.08 billion. Bitcoin ($BTC) continues to dominate the market, accounting for 57.8% of the total market share.
On December 20, 2024, Bitcoin ($BTC) was priced at $95,419, while Ethereum ($ETH) was at $3,286.6. Ethereum’s market share was 12.2%, and the Total Value Locked (TVL) in decentralized finance (DeFi) spiked to 182.6 billion. The average gas fees on the $ETH network slightly declined to 24 GWEI, making transactions more efficient for users.
In terms of market trends, there have been significant price swings in the past 24 hours, indicating active trading within several cryptocurrencies. $MOVE saw a 14.49% increase, while $XDC, $FLR, and $HBAR also showed positive movements of 4.80%, 4.16%, and 3.44% respectively. However, $MOVE underperformed with a 6.93% decline, followed by $FLR and $XTZ.
Liquidations have been massive across major exchanges in the past 24 hours, totaling close to $215 million. The highest amount of liquidations was seen in $BTC at $253.99M and $ETH at $219.15M, with $DOGE at $65.5 million and $ETH at $39 million. This data suggests that market activity is robust during volatile market conditions.
Market participants are closely monitoring prices as they navigate through changes in price patterns and general trading activities within the market. Bitcoin (BTC) remains dynamic and continues to experience fluctuations in trading and investment, highlighting the high volatility in the cryptocurrency market. Investors should remain vigilant and stay informed about market trends to make informed decisions.
