By December 20, 2024, the total value of all tokens reached $3.27 billion. Recent data from Phoenix shows that there are 31,608 cryptocurrencies in circulation. Global trading participation has also increased, with a trading volume of $279.08 billion, indicating a growing trading interest. Bitcoin ($BTC) holds 57.8% of the total market share of cryptocurrency.
Bitcoin ($BTC) is leading at $95,419, while Ethereum ($ETH) is at $3,286.6. Ethereum’s market share is 12.2%, and Total Value Locked (TVL) has surged to 182.6 billion in decentralized finance (DeFi). The average gas fees on the $ETH network have slightly decreased to 24 GWEI, enhancing user transaction efficiency.
Top Crypto Movers and Market Trends
Significant price fluctuations in the past 24 hours suggest active trading in several cryptocurrencies. $MOVE rose by 14.49%, while $XDC, $FLR, and $HBAR increased by 4.80%, 4.16%, and 3.44% respectively. These numbers indicate sustained investor interest in these projects.
$MOVE experienced a 6.93% decrease in value, followed by $FLR, which only recovered 7.46% of stocks, and $MOVE, which lost 9.11%. These fluctuations indicate the volatile nature of the cryptocurrency market, influenced by sentiment and other factors.
Liquidations and Risk Analysis
Massive liquidations exceeding $215 million have occurred across major exchanges in the past 24 hours. The highest liquidation amounts were $BTC at $253.99 million and $ETH at $219.15 million, with $DOGE at $65.5 million and $ETH at $39 million. The liquidation data highlights the pronounced market activity during volatile market conditions.
Market participants continue to engage with prices, as they are impacted by price alterations, price patterns, and overall trading activities observed in the market. BTC remains dynamic, characterized by numerous changes in trading and investment.