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92 thousand dollars with long-term currency holders continuing to profit.
The overall economic concerns and the prevalent profit-taking have weighed on the cryptocurrency market as the year comes to an end.
The price of Bitcoin (BTC) dropped by 1.8% in the past twenty-four hours to $91,800, a price not seen since December 5, the day it first broke $100,000. The largest cryptocurrency has fallen by over 14% from its all-time high on December 17 at $108,278. Ethereum (ETH) fared slightly better, dropping by 0.7% to $3,320, although it is now down by 17% from its December peak and has not yet surpassed the $4,820 record set in 2021. Solana (SOL) also proved to be slightly stronger than Bitcoin, with the SOL/BTC ratio rising by 0.35% today. The CoinDesk 20 index - which tracks the largest 20 cryptocurrencies by market capitalization, excluding stablecoins, meme coins, and exchange tokens - dropped by 3.74%. Ripple (XRP) and Stellar (XRM) suffered the biggest blows, falling by 6% and 6.3% respectively, while the most resilient alongside Ethereum was Litecoin (LTC), which dropped by 1.9%.
$XRP $XRP $SOL
#ltc BTC #shiba⚡ #xrp XRM