Altcoin

BTC Rebounds from $93K, SOL Rises 6%, JASMY Surges 36%

Published

2 weeks ago

December 6, 2024

The cryptocurrency market experienced a flash crash today, with Bitcoin (BTC) plunging to $92,000 after reaching an all-time high of $103,000. Major altcoins, including Ethereum (ETH) and XRP, mirrored this trend, leading to significant liquidations across the market. Despite the downturn, Solana (SOL) emerged as the top gainer among the top 10 cryptocurrencies, rising 6% at the time of writing. JasmyCoin (JASMY) outperformed all, surging by an impressive 36%.

The global crypto market cap saw a slight decline, now at $3.57 trillion, while the overall trading volume surged 22% in the last 24 hours. The Fear and Greed Index, which reflects extreme greed at 81, highlights strong investor sentiment despite the volatility.

Here’s a brief overview of some leading cryptocurrencies by market cap and their prices today, December 6.

Cryptocurrency Market Today: BTC Crashes, ETH Climbs, and SOL Gains 6%

Bitcoin price today tanked considerably, touching a low of $91,998 in the past 24 hours. Over $649 million was liquidated as Bitcoin dropped below the critical $100,000 level. Major altcoins also followed a similar pattern, experiencing sharp volatility.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $97,541 at the time of writing, reflecting a 4% decline in the last 24 hours. Its 24-hour high reached $103,900, while it has recorded a substantial 33% increase over the past month. The market cap is currently at $1.93 trillion, with $146 billion in trading volume in the past 24 hours. BTC’s market dominance has dropped slightly, now standing at 53.84%.

Institutional activity continues to influence market trends. SoSo Value reported BTC ETF outflows of $3.85 million on Thursday, while Fidelity purchased $47 million worth of Bitcoin. Grayscale sold $148 million in GBTC shares while acquiring $95 million worth of BTC ETFs through its Bitcoin Mini Trust. BlackRock’s data on BTC activity remains anticipated.

Meanwhile, contrasting opinions about Bitcoin’s future have emerged. Peter Schiff suggested that Bitcoin could potentially destroy the U.S. dollar, while Fed Chair Jerome Powell expressed a more cautious perspective, emphasizing a balanced view of cryptocurrency’s implications.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,859 at the time of writing, reflecting a 1% increase in the past 24 hours. The 24-hour low and high for ETH were $3,683 and $3,956, respectively.

Ethereum holds a market cap of $465 billion and has recorded a trading volume of $57 billion in the last 24 hours. Its market dominance stands at 13%, maintaining its position as the second-largest cryptocurrency by market cap.

XRP Price Today

XRP price was trading at $2.30, showing a 2% decline over the last 24 hours. Its 24-hour low and high were $2.23 and $2.48, respectively. XRP holds a market cap of $131 billion and recorded a trading volume of $17 billion, ranking it fourth among the top cryptocurrencies by market cap.

In other news, manufacturing company Worksport has announced plans to adopt Bitcoin and XRP for their corporate treasury. The company’s Board of Directors has already approved purchases of BTC and XRP, signaling a growing trend of institutional adoption in the cryptocurrency market today.

Solana Price Today

Solana (SOL) price was trading at $241, up by 6% in the past 24 hours. Its 24-hour low and high were $228 and $246, respectively. With a market cap of $228 billion and a trading volume of $9.41 billion in the last 24 hours, SOL maintains its position as the 5th largest cryptocurrency by market cap in the cryptocurrency market today.

Meme Cryptocurrency Market Today

The cryptocurrency market today saw a decline in meme coins. Dogecoin (DOGE) price dropped by 2%, trading at $0.43, while Shiba Inu (SHIB) also fell by 2%, priced at $0.00003079.

Despite the decline in top meme coins, other notable ones like PEPE, WIF, and Bonk showed slight gains. These coins increased by 1% to 4% in the past 24 hours, providing some positive movement in the meme coin segment.

Top Crypto Gainers Prices Today

JasmyCoin

JasmyCoin (JASMY) price was trading at $0.05225, marking a 36% gain in the past 24 hours. The 24-hour low and high for JASMY were $0.04173 and $0.05868, respectively, showing significant volatility.

In addition to its daily growth, JasmyCoin has seen extraordinary performance over the past week and month. It is up by 100% in the last week and an impressive 160% over the past month, positioning it as one of the top gainers in the cryptocurrency market today.

Worldcoin

Worldcoin (WLD) price was trading at $4, showing a 21% increase in the past 24 hours. Its 24-hour low and high were $3.20 and $4.17, respectively, reflecting notable price fluctuations.

dYdX (Native)

dYdX (DYDX) was up by 17%, trading at $2.11. Its 24-hour low and high were $1.75 and $2.163, respectively, showing notable price fluctuations. This surge reflected strong momentum for dYdX, making it a standout performer in the cryptocurrency market today.

Top Crypto Losers Prices Today

IOTA

IOTA price was down by 9% at the time of writing, trading at $0.4434. Its 24-hour low and high were $0.44 and $0.50, respectively, indicating some volatility. With a market cap of $1.57 billion, IOTA remains in the top 100 cryptocurrencies by market cap, despite its recent decline.

Algorand

Algorand (ALGO) price was down by 8%, trading at $0.453, making it the second top loser in the last 24 hours. Its 24-hour low and high were $0.44 and $0.49, respectively, reflecting the volatility in its price.

VeChain

VeChain (VET) price was down by 7%, trading at $0.06535 in the cryptocurrency market today. Its 24-hour low and high were $0.0641 and $0.0733, respectively, showing notable fluctuations in its price.

The hourly time frame charts are showing weak momentum across the cryptocurrency market today, with Bitcoin (BTC) down by 1%. Major altcoins are following a similar pattern, showing slight declines, while Ethereum (ETH) is up by 1% in the past hour.