As a seasoned analyst with over a decade of experience in the financial markets, I’ve seen my fair share of volatility. Today’s crypto market is no exception, with Bitcoin taking a hit while altcoins like XRP, Shiba Inu, and Tezos are on the rise. It’s always fascinating to see the dance between these digital assets, reminding me of a game of musical chairs where the music never stops.
Today’s cryptocurrency market sparked global investor interest with Bitcoin and key altcoins displaying downward price trends. Among the top 10 coins, XRP experienced a 6% increase, while Shiba Inu and Tezos recorded significant gains of 13% and 20%. However, the real standout was Core (CORE), which soared an impressive 28% today.
The global crypto market cap increased by 0.35%, reaching $3.39 trillion. However, total market volume experienced a 9% decline, settling at $155 billion.
Today’s snapshot highlights the top digital currencies ranked by market capitalization, along with their current prices as of December 1.
Cryptocurrency Market Today: BTC Drops, ETH Up 2%, and XRP Gains 5%
Today, the value of Bitcoin plummeted significantly, dipping to approximately $95,800 at one point. In contrast, Ethereum experienced a minor rise of about 2%, and Ripple (XRP) showed a more substantial increase, ranging from 5% to 6%. The cryptocurrency market has been volatile today, as Bitcoin’s drop was offset by modest growth in alternative coins (altcoins).
Bitcoin Price Today
At present, Bitcoin (BTC) is being traded around $96,200, experiencing a minimal decrease of almost 1% over the last 24 hours. Over the same period, its lowest and highest points were $95,770 and $97,264 respectively. The total market capitalization stands at an impressive $1.9 trillion, with trading volume amounting to $32 billion in the last day. BTC presently holds 56.21% of the overall cryptocurrency market. For the past 20 days, it has consistently remained within this price range.
Furthermore, I’ve been pondering over Anthony Pompliano’s recent insights into MicroStrategy’s Bitcoin strategy. He highlighted the uncertainties in regulation and the potential severe situations that might disrupt their long-term Bitcoin investment strategy. As an analyst, these are important factors to consider when evaluating the company’s approach to its Bitcoin holdings.
Ethereum Price Today
ETH price is currently trading at $3,690, reflecting a 2% gain in the last 24 hours. Its 24-hour low and high are $3,621 and $3,739, respectively. The market cap is $444 billion, with a trading volume of $31 billion. ETH has risen by 8% in the past week, showing positive momentum.
Solana Price Today
Today in the crypto sphere, the price of Solana (SOL) has experienced a 3% decrease over the last 24 hours, now being traded at approximately $236. Its lowest and highest points within this period were $234 and $245 respectively. With a total market capitalization of $112 billion, daily trading volume of $4 billion, and a dominance of 3.31% in the market, SOL ranks as the fourth largest cryptocurrency by market cap.
XRP Price Today
XRP price is trading at $1.89, marking a 6% jump in the last 24 hours. It is the biggest gainer among the top 10 coins by market cap. Recently, XRP’s market cap reached $100 billion, securing its position as the 5th largest cryptocurrency by market cap, surpassing BNB. Its 24-hour volume is $15 billion, with a low of $1.80 and a high of $1.954.
Meme Crypto Performance Today
Currently, the meme cryptocurrency market is exhibiting a blend of reactions. For instance, Dogecoin (DOGE) has only increased by 1% and is priced at $0.425. Conversely, Shiba Inu (SHIB) experienced a significant surge of 13% over the past 24 hours, with its current value being $0.00002935. Meanwhile, other meme coins such as PEPE, BONK, and WIF have seen a decrease of between 1% and 5% within the same period.
According to our analysis at CoinGape, the Shiba Inu could potentially see ongoing development. We anticipate more increases in its value, contingent upon the state of the market and the overall sentiment among investors.
Top Crypto Gainers Prices Today
Core
Today, CORE cryptocurrency emerged as the market leader, with its value now standing at $1.79 – a 28% surge over the past day. This impressive rise was marked by a range of $1.38 to $2.03, indicating considerable price volatility in the last 24 hours.
Theta Network
THETA price is trading at $2.86, reflecting a 25% increase in the last 24 hours. Its 24-hour low and high are $2.294 and $3.165, respectively. According to CoinGape analysts, technical analysts are optimistic about THETA’s potential for further gains. The chart provided by “World of Charts” indicates that a breakout from the descending triangle could lead to a rally targeting $9.00, representing a projected 348% surge from current levels.
Top Crypto Losers Prices Today
Peanut the Squirrel
Currently, the PNUT price stands at $1.15. Over the past day, it reached a low of $1.13 and a high of $1.278. In the last 24 hours, there’s been a 9% drop in its value.
dogwifhat
Currently, the value of WIF is being traded at $3.08, marking a 6% drop over the past 24 hours. In the same timeframe, its lowest price was $3.06, while it peaked at $3.30.
Over the past hour, the graphs indicating movements for Bitcoin, Ethereum, and other altcoins are pointing downwards, causing more worry among investors about the current state of the cryptocurrency market.
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2024-12-01 07:40