Altcoin

BTC Hits $100K, CRV Up 20%, SAND Surges 16%

Published

3 weeks ago

December 5, 2024

Today, the cryptocurrency market is fueled by bullish momentum as Bitcoin (BTC) reaches $100,000 for the first time. After approximately two weeks of consolidation, BTC has finally surpassed the $100K resistance level. Among altcoins, Ethereum (ETH) is up by 6%, while Binance Coin (BNB), Solana (SOL), and XRP have seen declines of 2% to 6%.

Curve DAO Token (CRV) and The Sandbox (SAND) emerged as the top gainers, with price increases of 20% and 16%, respectively. The global crypto market cap has risen by approximately 3%, now at $3.55 trillion. Trading volume remains stagnant at $285 billion.

Meanwhile, the Fear and Greed Index indicates 83, reflecting extreme greed. Here’s a closer look at some of the top cryptocurrencies by market cap and their prices today, December 5.

Cryptocurrency Market Today: BTC Hits All-Time High, ETH Gains 6%, While XRP and SOL Decline

Bitcoin (BTC) price reached $100K for the first time in history, marking a new all-time high. Ethereum (ETH) rose by 6%, while major cryptocurrencies like Binance Coin (BNB), XRP, and Solana (SOL) experienced a 2–6% decline.

Bitcoin Price Today

Bitcoin (BTC) price is currently trading at $102,126, with a 24-hour low of $94,660 and a high of $103,287. At the time of writing, it is up by 7%. For the first time, Bitcoin’s market cap surpassed $2 trillion, now standing at $2.03 trillion. The 24-hour trading volume reached $92 billion, with a market dominance of 55.4%.

According to SoSo Value, BTC ETFs recorded a $15 million outflow, while BlackRock’s data is still awaited. Meanwhile, Fidelity purchased $17 million worth of BTC ETFs on Wednesday.

In related news, Federal Reserve Chair Jerome Powell compared Bitcoin to gold. This comparison fueled bullish sentiment in the cryptocurrency market today, as he noted that both assets are comparable, unlike the US Dollar.

Ethereum Price Today

Ethereum (ETH) price traded at $3,880, reflecting a 6% increase over the past 24 hours. Its 24-hour low and high were $3,663 and $3,906. At the time of writing, its market cap stood at $465 billion, with a trading volume of $60 billion. Ethereum’s market dominance reached 12.7%.

SoSo Value reported an inflow of $43 million into ETH ETFs on Wednesday, with Fidelity leading the contributions with $40 million. Data from BlackRock remains pending, keeping market participants alert.

Meanwhile, analysts at CoinGape speculate whether Ethereum’s price could hit $5,000 if Bitcoin reaches $150K. Recent Bitcoin consolidation has provided altcoins, including Ethereum, an opportunity to shine. Ethereum’s resilience, especially during an 8% BTC price dip, underscores its position as a strong contender in the current bull market.

XRP Price Today

XRP price traded at $2.3, marking a 9% decline in the last 24 hours. Its 24-hour low and high were $2.188 and $2.67. At the time of writing, its market cap stood at $132 billion, with a 24-hour trading volume of $24 billion. XRP ranked 4th among cryptocurrencies by market capitalization, holding a market dominance of 3.61%.

In related news, Ripple Labs CEO Brad Garlinghouse expressed his support for Paul Atkins as the potential SEC Chair. He praised Atkins for his “common sense” approach to crypto regulation, emphasizing his experience and reputation as a proponent of balanced regulatory measures.

Solana Price Today

In the cryptocurrency market today, SOL price traded at $235, reflecting a 2% drop in the last 24 hours. Its 24-hour low and high were $223 and $240, respectively. With a market cap of $111 billion and a trading volume of $7 billion, SOL ranked 5th in the cryptocurrency market.

Moreover, in related news, Coinbase announced the listing of Gigachad (GIGA), a meme coin on the Solana network. The price of GIGA surged following the listing announcement.

Meme Crypto Performance Today

Meanwhile, the cryptocurrency market today has shown bullish momentum in the top meme crypto sector. Dogecoin (DOGE) traded at $0.4385, reflecting a 6% increase. Similarly, Shiba Inu (SHIB) price surged by 4% to $0.00003143.

Other top meme coins like PEPE gained 5%, while WIF and BONK saw a decline of 1% to 2%. Additionally, Moo Deng (MOODENG) was recently listed on Coinbase. Its price soared by 70% within 24 hours of the announcement.

Top Crypto Gainers Prices Today

Curve DAO Token

Curve DAO Token (CRV) price was trading at $1.07, marking a 20% jump in price and securing its position as the top gainer today. Its 24-hour low and high were $0.9157 and $1.23, respectively. With this significant rise, CRV has now entered the top 100 cryptocurrencies by market cap.

The Sandbox

The Sandbox (SAND) price was trading at $0.86, reflecting a 16% surge in price. Its 24-hour low and high were $0.7759 and $1.06, respectively.

Top Crypto Losers Prices Today

IOTA

IOTA price was trading at $0.4689, showing an 18% drop in price over the last 24 hours. Its 24-hour low and high were $0.45 and $0.6055, respectively.

TRON

TRX price was trading at $0.3167, with a 17% drop in the past 24 hours. Its 24-hour low and high were $0.3166 and $0.4275. Despite the decline, it remains in the top 10 cryptocurrencies by market cap. The cryptocurrency market today shows mixed reactions, with major coins experiencing volatility.

The hourly chart in the cryptocurrency market today is giving mixed reactions. BTC is up by 3% in the last hour, while other major altcoins are showing a small decrease in price. XRP has dropped by more than 5% in the past hour, reflecting some volatility in the market. The cryptocurrency market today continues to show fluctuations across various coins.