Bitcoin, the first and most popular cryptocurrency, has been moving at almost the same price level over the past 24 hours. Even though it’s been pretty quiet, its value has gone up by about $2,000 and is now close to $89,000.
Other big cryptocurrencies, like Ethereum (ETH) and Ripple’s XRP, also haven’t moved very much. ETH is struggling to go above $3,000, while XRP remains under $1.90.
Bitcoin’s Year So Far
Bitcoin has been trading within a specific price range for most of December. This was between $94,500 at its highest and $84,500 at its lowest. These prices were tested multiple times until December 19. Since then, the price movements have been smaller.
Recently, Bitcoin has had difficulty breaking past the $90,000 barrier, which acts like a ceiling for its price. However, it has been supported by a price floor around $86,500, helping it not go lower. Earlier this week, it tried to pass the $90,000 mark, briefly reaching $90,400. But it promptly dropped again to under $87,000.
Since then, Bitcoin’s price has climbed back a little but hasn’t reached $90,000 again. Its current price is just below $89,000, showing very little change in a day. Unless something big happens in the final hours of the year, Bitcoin is likely to end 2025 at a lower price than it started. Usually, after a Bitcoin halving event (when miners get fewer rewards for adding new Bitcoin), the price tends to rise. But this has not been the case this year. You can learn more about Bitcoin halving here.
At the moment, Bitcoin’s total market capitalization—the total value of all Bitcoin in circulation—has slightly increased to $1.770 trillion. It still dominates 57.5% of the entire cryptocurrency market. Market capitalization shows us the overall money invested in a cryptocurrency. Learn more about cryptocurrency market capitalization here.
Other Cryptocurrencies
Ethereum, another popular cryptocurrency, has been trying to climb past $3,000. So far, it has faced challenges getting there, being stopped at that level several times in the past month. Ethereum is a type of cryptocurrency and blockchain that allows people to make apps (called decentralized apps or DApps) that run without a central server. Learn more about Ethereum here.
Ripple’s XRP, which is used for fast transactions, has also been unable to rise above $1.90. Now, this price point has transformed from a support level into a resistance level, meaning it’s harder for XRP to rise above that price. You can read more about XRP here.
Other cryptocurrencies like Binance Coin (BNB), Dogecoin (DOGE), Cardano (ADA), ZCash (ZEC), and Stellar (XLM) also saw mixed results. While BNB is slightly up, the others recorded losses.
Smaller Coins Are Gaining
In contrast to the big names, some lesser-known cryptocurrencies are performing excellently. One such example is Canton Cryptocurrency, which rose by 8.5% in just one day, reaching $0.146. Another standout performer is MemeCore, which grew by over 11% in the same time period, now priced at $1.58. MemeCore refers to a type of cryptocurrency inspired by jokes or memes. While not much is known about it, you can check out similar meme-related coins like $Trump, described here.
Overall, the total value of all cryptocurrencies in the market has gone up by $20 billion in just 24 hours. Now, the cryptocurrency market is worth $3.080 trillion in total.
While Bitcoin has had a calm day, smaller cryptocurrencies show more exciting developments as the year comes to an end.