The cryptocurrency market has seen a resurgence due to increasing expectations for ETFs, with prices trending positively today. Upcoming data releases in the US could shed light on the current state of the economy and offer insights into the Federal Reserve’s potential moves in 2024.
Bitcoin‘s price has risen by 2.64% to $43,684.64, with its trading volume increasing by 41% to $29.25 billion. This uptick has reignited rumors that Bitcoin may reach new highs by the end of 2023. Meanwhile, Ethereum saw a 0.31% increase to $2,200.87, with its trading volume up by 29.57% to $12.98 billion. BNB also climbed 2.33% to $258.15, despite a 22.36% decrease in trading volume to $1 billion.
Despite Bitcoin’s modest gain, Solana‘s price jumped by 11.7% to $83.87, with its trading volume soaring by 112.01% to $4.05 billion. Solana overtook XRP in market cap ranking, moving up to fifth place on December 20th. XRP is currently trading at $0.6155, up by 0.90%.
Among meme coins, Dogecoin experienced a slight increase of 0.47% to $0.0915, with its trading volume rising by 35.01% to $595.39 million. Shiba Inu also gained, climbing 0.61% to $0.00001023. Pepe Coin, however, continued to fall, dropping by 0.34% to $0.00000126, despite a 10.54% increase in trading volume to $76.52 million.
IoTeX emerged as one of the day’s top gainers with a 32.61% increase to $0.06468, accompanied by a significant 54.32% rise in trading volume to $116.77 million. ORDI also maintained its buzz in the market, with its price surging by 12.26% to $57.07 and its trading volume increasing by 40.63% to $517.04 million.