#cryptoprogress
As of December 20, 2024, the cryptocurrency market is facing a broad decline, influenced by market corrections and global economic factors. Here is a summary of the overall progress:
### **Market Overview**
- **Global Market Cap**: Approximately $3.38 trillion, down by 7.56% in the last 24 hours.
- **24-Hour Trading Volume**: Around $120 billion, indicating strong market activity despite the downturn.
### **Major Cryptocurrencies Performance**
1. **Bitcoin (BTC)**
- Current Price: ~$96,212
- Change: -5.22%
- Intraday High: $102,738
- Intraday Low: $96,212
2. **Ethereum (ETH)**
- Current Price: ~$4,850
- Change: -6.1%
- Remains the second-largest cryptocurrency by market cap.
3. **BNB (Binance Coin)**
- Current Price: ~$653.55
- Change: -7.96%
- Intraday High: $711.28
### **Highlights**
- **Bitcoin's Milestone**: Recently crossed $100,000, but faced resistance and is now consolidating.
- **Increased Cybersecurity Threats**: Losses from hacks have risen by 21% in 2024, totaling $2.2 billion.
- **Altcoin Volatility**: Smaller coins are experiencing sharper declines, reflecting higher risk in the market.
### **Investor Sentiment**
- The market remains highly volatile, with mixed sentiment influenced by recent gains and ongoing corrections.
- Analysts suggest this could be a buying opportunity for long-term investors, while short-term traders should exercise caution.
Stay updated with real-time data and consider professional financial advice for investment decisions.
