Bitcoin could be in a position to finish the year on an upswing following a post-Christmas decline that took the price of the leading crypto asset to its lowest price in more than a month.
The price of BTC dipped as low as $91,816 on Monday, per data from CoinGecko, which is the lowest price seen on its 30-day chart. Looking back slightly further, the last time Bitcoin touched that mark was on November 26, ahead of a surge that would ultimately take the asset to its current all-time high mark of $108,135 on December 17.
As of this writing, Bitcoin has rebounded, rising over 4% in the last day to a current price of $95,639. And as Bitcoin goes, so too do other major assets, which are similarly showing gains over the past day.
XRP, for example, has risen nearly 6% over the past day to a current price of $2.13 after falling as low as $2.01 on Monday. Even down from a 7-year peak price of $2.82 set earlier this month, XRP has marked a 240% surge over the course of 2024.
Dogecoin (DOGE) is also up more than 6% on the day at a current price of $0.327. It’s a similar story to XRP: While down substantially from a recent peak of $0.48—a three-year high for the leading meme coin—DOGE has jumped by 262% this year. Long-term holders have benefited hugely, even if there’s been serious short-term volatility.
Solana is another big gainer in the top 10 today, up a firm 6% at a price of nearly $198. It’s now down 25% since setting a new all-time high price mark of $263 in November, but has still gained by nearly 92% in 2024.
The biggest gainer in the top 100 over the past day is AI16z—a Solana token tied to the increasingly buzzy AI agent phenomenon—which has continued pushing to all-time highs in recent days. It’s up 38% to a current price of $1.82.
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Andrew Hayward
https://decrypt.co/299277/bitcoin-dogecoin-xrp-rebound-after-lowest-month
2024-12-31 15:43:22
