As of December 27, 2024, the cryptocurrency market is experiencing notable activity, particularly with Bitcoin (BTC) and Ethereum (ETH).
| # | Name | Price | Changes 24h | Market CAP | Volume | Supply |
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Bitcoin’s price has recently fluctuated, peaking over $106,000, dropping to approximately $94,100, and recovering to around $95,600 today. Latestly
Ethereum (ETH) is currently trading at $3,427.26, showing a 1.66% increase from the previous close.
The recent volatility in Bitcoin’s price is partly attributed to a significant options expiry event on December 27, involving approximately $14.27 billion. FX Empire
Additionally, the introduction of spot Bitcoin ETFs and supportive crypto policies under President-elect Donald Trump have contributed to Bitcoin’s growth, with some analysts predicting it could rise above $200,000 in 2025. Investopedia
However, the European Union’s upcoming regulatory framework for digital assets, known as the Markets in Crypto-Assets Regulation (MiCA), effective from December 30, 2024, introduces stringent standards for issuing crypto coins and services, potentially increasing costs for start-ups and causing some companies to favor the US market. Financial Times
Investors should remain cautious, as the cryptocurrency market is known for its volatility, and external factors such as regulatory changes and macroeconomic conditions can significantly impact asset prices.
