CoinMarketCap’s December 28, 2024 historical snapshot showed a broad but uneven rebound among the largest non-stablecoin crypto assets. Solana’s SOL led the snapshot’s top 10 by market capitalization with a 6.08% 24-hour gain to $195.01, while bitcoin rose 1.06% to $95,163.93.
The move mattered less as a new market regime than as a measure of risk appetite during a thin year-end weekend. Ethereum gained 2.07% to $3,397.90, BNB advanced 4.42% to $720.96 and Dogecoin rose 4.14% to $0.3239. XRP added 1.83% and Cardano gained 1.49%. TRON was the exception among the non-stablecoin assets in the top 10, declining 0.35%.
Solana carried the rebound
The snapshot placed SOL’s market capitalization at $93.54 billion, sixth overall, based on a reported circulating supply of 479.64 million SOL. Its reported 24-hour volume was $2.16 billion. Bitcoin remained overwhelmingly larger, with a $1.884 trillion market capitalization and $24.11 billion of reported 24-hour volume.
Coinburn calculates that SOL outperformed bitcoin by 5.02 percentage points over CoinMarketCap’s displayed 24-hour window. That subtraction compares two rolling percentage fields shown in the same historical snapshot; it is not a tradeable spread, a UTC open-to-close return or evidence that capital moved directly from bitcoin into SOL.
A separate WorldCoinIndex history listed SOL at $195.16704 for December 28, close to CoinMarketCap’s $195.01 observation. Its other daily fields differ because providers can use different venue sets, cutoffs and aggregation methods. The agreement supports the approximate level, not a universal close.
Bitcoin stabilized, but had not recovered its week
Bitcoin’s 1.06% 24-hour increase left it down 2.12% over seven days in the CoinMarketCap snapshot. The same record listed Ethereum up 1.82% over seven days and SOL up 7.56%. BNB’s 8.70% seven-day gain was the strongest among the non-stablecoin top 10, while XRP and Cardano remained down 2.56% and 1.87%, respectively.
That mix is the core event-day signal: December 28 brought a partial rebound led by higher-volatility large-cap tokens, not a uniform recovery. Bitcoin’s price was back above $95,000 in the cited snapshot, but its weekly loss showed that the late-December pullback had not been erased.
Stablecoins should not be read the same way. USDT was listed at $0.9982 with a negative 0.04% 24-hour change, while USDC was shown at $1.0000 and unchanged. Their positions in the ranking reflected circulating supply and dollar pegs, not directional risk performance comparable with SOL or bitcoin.
What the snapshot can establish
CoinMarketCap’s page is a historical cross-section, and its 24-hour and seven-day percentages are rolling measurements associated with that snapshot. They are not necessarily returns between midnight UTC closes. StatMuse’s separate daily series records bitcoin opening at $94,160.19 and closing at $95,163.93 on December 28, an approximately 1.07% open-to-close increase by Coinburn’s calculation. The close matches CoinMarketCap’s displayed bitcoin price, but that does not eliminate differences across exchanges.
Crypto assets trade continuously on fragmented venues, without a consolidated global closing auction. Reported volume can include different eligible markets, and circulating-supply estimates can change. The defensible conclusion is therefore narrow: the cited December 28 records show SOL leading a weekend large-cap rebound while bitcoin stabilized near $95,164. They do not identify who bought, prove a rotation between assets or establish why prices moved.
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