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BTC (BTC), Ethereum (ETH), XRP, and Solana (SOL) all experienced significant declines, reflecting the overall market downturn. The holiday slowdown continues to impact volume and prices.
BTC market today
BTC (BTC) trading price is $94,327, a decrease of about 2% in the past 24 hours. Its 24-hour low and high points are $93,440 and $97,429, respectively. Robert Kiyosaki made a bold prediction that BTC will reach $350,000 by 2025 and urged investors to prioritize self-custody over institutional ETFs.
According to the data from SoSo Value, BTC ETF saw a outflow of $367 million on Friday, with Fidelity accounting for $208 million. Ark & 21Shares reported an outflow of $112 million, while BlackRock's data is still pending.
Today's Ethereum market
ETH (Ether) prices have dropped by about 1%, currently at $3,329 with a 24-hour low of $3,307 and a high of $3,441. ETH ETF saw an inflow of $27 million yesterday as Fidelity purchased $27 million worth of Ether. This shift in the cryptocurrency market highlights the growing institutional interest in Ethereum.
Today's XRP market
At the time of writing, the XRP trading price is $2.144, down about 2%. Its 24-hour low and high points are $2.126 and $2.234, respectively. Lawyer John Deaton, who supports XRP, criticized the recently finalized cryptocurrency tax reporting rules by the Biden administration.
Today Solana Market
Solana (SOL) price has fallen by 2%, with a trading price of $184. Its 24-hour low and high were $183 and $194, respectively. Coingape analysts have reported the reasons behind the sharp drop in Solana's price.
Today's Meme cryptocurrency market
Today's Meme cryptocurrency market follows the pattern of top altcoins. Dogecoin (DOGE) dropped 1% with a trading price of $0.3142, while Shiba Inu (SHIB) only dropped half a percentage point in the past 24 hours. However, BONK rose 4%, with the 'BURNmas' event leading to the burning of over 10 trillion coins.