Top Cryptocurrencies prices today December 23: In cryptocurrencies, the price of Bitcoin fell Friday, with the most valuable and well-known digital token trading nearly flat with a bearish bias at USD 16,810. The largest token has down by 75 percent from its previous high of USD 69,000. According to data from CoinGecko, the market capitalization of all cryptocurrencies worldwide today remained below the USD 1 trillion threshold and was USD 845 billion, nearly unchanged over the previous day.
"After the release of the third quarter US GDP figures, which indicated an upward revision to 3.2 percent from the previously reported 2.9 percent, Bitcoin stayed flat. The price of Bitcoin has been ranging between USD 16,500 and USD 17,000 since November. BTC must hold its critical level over USD 16,800 in order for the market to move upward. Bearish sentiment may return to the market, though, if the price drops below USD 16,500, according to Edul Patel, CEO and Co-Founder of Mudrex, a Global Crypto Investment Platform.
The second-largest cryptocurrency, Ether, which is connected to the ethereum blockchain, was virtually unchanged at USD 1,220. Shiba Inu was up at USD 0.000008 today, while Dogecoin was trading roughly 5 percent higher at USD 0.07.
Avalanche, Tether, Terra, Solana, Polygon, Stellar, XRP, Cardano, Litecoin, Polkadot, Chainlink, ApeCoin, and Tron prices were trading with increases over the last 24 hours, while Solana and Uniswap declined. Other cryptocurrency values also performed better today.
After hitting record highs in late 2018, cryptocurrencies have had a difficult year, buffeted by everything from the Fed's tightening of policies to the collapses of the Terra/Luna ecosystem, hedge funds Three Arrows Capital, and exchange FTX.
The closure of FTX this month was the most stunning of several significant market participants this year, including Celsius and Voyager, prominent tokens terra and Luna, which have shook investor confidence and destroyed USD 1.5 trillion in market capitalization for cryptocurrencies.
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