cryptoninjas

Crypto Market Update After Christmas Eve

The cryptocurrency market saw a nice boost on Christmas Eve, often called a "Santa Rally." This means that several major cryptocurrencies, like Bitcoin, Ethereum, and Dogecoin, went up in value by about 5%.

Bitcoin and Major Cryptocurrencies

Bitcoin (BTC) led the way, going up by 4.5% overnight to around $98,000. This is a good sign after it recently dropped to $92,000. Ethereum (ETH) also increased by 2.5%, while XRP and Solana (SOL) went up by nearly 3% and 4.1%, respectively.

Memecoins and Other Cryptocurrencies

Memecoins like Dogecoin (DOGE) and smaller tokens like $PENGU also saw gains. Avalanche (AVAX) surged by 6%, Toncoin (TON) increased by 5.3%, and Hedera (HBAR) saw a big 10% gain. This shows that many cryptocurrencies are doing well, not just Bitcoin.