The global cryptocurrency market cap now stands at $3.31 trillion, reflecting a modest increase of 1.16% over the previous day as reported by CoinMarketCap. Bitcoin (BTC) continues to dominate the market, trading within a range of $92,206 to $95,836 over the past 24 hours. As of 09:30 AM (UTC) today, Bitcoin is priced at $94,232, which signifies a slight decline of 0.75%. In the current market landscape, the performance of various cryptocurrencies shows a mixed trend.
Notably, some market outperformers are displaying significant gains. CGPT has emerged as a leader, surging by 53%, followed by AIXBT with a remarkable increase of 20%, and COOKIE showing an impressive rise of 17%. Turning to major updates, several noteworthy topics have captured the attention of investors today: - Strategic Bitcoin Reserve Bills are poised for U.S.
hearings, reflecting the increasing legislative interest in cryptocurrency. - A shareholder proposal has put pressure on Meta to consider integrating Bitcoin reserves into its asset strategy, signaling a shift in corporate attitudes towards digital currencies. - Morgan Stanley has made predictions concerning the upcoming U.S.
jobs report, projecting that it could greatly influence the Federal Reserve's decisions on interest rates. - Investors remain vigilant as they await the U.S. December CPI data, driven by ongoing concerns regarding inflation. - Bank of America anticipates that the end of the current rate cut cycle may soon approach, potentially altering the investment landscape. - Federal Reserve official Goolsbee has hinted at possible rate cuts contingent on stabilization in economic conditions, keeping market watchers on high alert. - The December Non-Farm Payrolls in the U.S.
have surprisingly surged to 256K, far exceeding expert predictions. - Major investment banks are now forecasting a more conservative range for Non-Farm Payrolls, estimating between 120K and 200K. - An economist has characterized a Non-Farm Payrolls increase of 165K to 175K as a "Goldilocks balance" favorable for the U.S.
economy. In terms of market movers, other significant cryptocurrencies are also attracting attention: - Ethereum (ETH) is currently trading at $3,234.74, reflecting a decrease of 2.20%. - XRP stands at $2.3584, showing a modest increase of 1.95%. - Binance Coin (BNB) is priced at $695.23 with a slight dip of 0.35%. - Solana (SOL) has decreased by 3.52%, currently at $185.97. - Dogecoin (DOGE) trades at $0.33306, down by 1.25%. - Cardano (ADA) has seen a decline of 4.17%, currently priced at $0.9213. - TRON (TRX) sits at $0.2424, reflecting a small decrease of 0.37%. - SUI has also dipped by 2.78% to a price of $4.9752. - Avalanche (AVAX) trades down by 3.47% at $36.44. - Toncoin (TON) has shown a slight increase of 1.10%, now costing $5.351. Finally, on Binance, the top gainers are: - CGPT/USDT has surged by 53%. - AIXBT/USDT has increased by 20%. - COOKIE/USDT has risen by 17%..