Crypto Prices Today, Dec 4: BTC at $95K, BNB Up 15%, TRX Soars 70%, RSR Rockets 121%

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As a seasoned researcher with years of experience navigating the intricacies of the crypto market, I must admit that today’s bullish trend has caught my attention. The surge in altcoins, particularly Binance Coin and Tron, is a testament to the dynamic nature of this ever-evolving sector.

Today, I’m seeing a bullish trend in the crypto market. Bitcoin (BTC) is maintaining its position within the $93K to $96K range. On the other hand, Binance Coin (BNB) is leading the altcoin pack with a 15% surge and setting a new all-time high. Tron (TRX), meanwhile, has gained an impressive 70%, reinforcing its position among the top 10 cryptocurrencies by market valuation. Reserve Rights (RSR) is stealing the show as the day’s biggest gainer with an astounding 121% increase.

The total value of the worldwide cryptocurrency market increased approximately 1% and now stands at around $3.54 trillion. Additionally, trading activity surged, reaching a volume of $292 billion. Today, let’s examine in detail the leading cryptocurrencies based on market capitalization and their price fluctuations, specifically on December 4.

Crypto Prices Today: BTC at $95K, ETH, SOL Gain, XRP Drops by 6%

As a researcher, I’m observing an intriguing trend in the crypto market: Bitcoin (BTC) is steadily approaching $96,000, maintaining its position within a consolidated range for about two weeks. On the other hand, Binance Coin (BNB) has reached a fresh peak and is currently trading at $750, indicating robust market enthusiasm. Interestingly, Tron (TRX) has made a noteworthy stride, making it into the top 10 cryptocurrencies by market capitalization.

Bitcoin Price Today

Currently, the price of a single Bitcoin (BTC) is hovering around $95,900. Over the past 24 hours, its price fluctuated between $93,629 and $96,669. The total market capitalization of Bitcoin has surpassed $1.9 trillion. In the last 24 hours, trading volume amounted to approximately $70 billion. Notably, Bitcoin’s market dominance dipped slightly by 0.3%, now sitting at 54.11%.

Yesterday, as I was closely monitoring the crypto market, I noticed that a small Bitcoin ETF experienced outflows to the tune of $17 million. On the other hand, Ark Investments and 21 Shares collectively sold approximately $93 million worth of Bitcoin. Interestingly, Fidelity reported a positive inflow of $52 million. Unfortunately, we’re still waiting for BlackRock’s ETF data, leaving us investors eagerly anticipating more developments.

As a researcher, I’ve recently observed that Bitcoin mining firm Foundry has reduced its workforce to approximately 80-90 employees. Their goal is to optimize and simplify their operational structure.

Ethereum Price Today

As a researcher, I’m reporting that as of now, the current price of Ethereum (ETH) is $3,667, representing a 1% rise in the last 24 hours. Over the same period, the lowest it dipped was $3,504, while the highest it reached was $3,708. The total market capitalization of Ethereum stands at an impressive $441 billion, with a 24-hour trading volume of approximately $40 billion. At present, Ethereum’s market dominance is sitting comfortably at 12.56%.

According to sosvalue, Ethereum-focused exchange-traded funds (ETFs) received a total of $67 million in investments, with Fidelity being the largest contributor at $73 million. The figures from BlackRock are yet to be released, keeping analysts on their toes for fresh insights.

Simultaneously, Vitalik Buterin, one of Ethereum’s co-founders, stressed the importance of increased security and privacy within Web3 wallets. He suggested that these wallets should incorporate privacy elements directly, aiming to minimize the need for standalone privacy wallets.

XRP Price Today

At the moment, each unit of XRP is being traded for approximately $2.55, marking a 6% decrease over the past day. The lowest and highest points of its 24-hour trade range are $2.36 and $2.86 respectively. Over the same period, the total value of all existing XRP in circulation is estimated at around $145 billion, with a trading volume of approximately $42 billion. Currently, XRP ranks third among digital currencies in terms of market capitalization.

As an analyst, I find myself reflecting on recent developments that have caught my attention. Notably, Ripple‘s lead attorney, Jorge Tenreiro, has made a shift in his professional journey, joining the U.S. Securities and Exchange Commission (SEC) as their new Chief Litigation Counsel. This transition stirs apprehensions within the cryptocurrency sphere, given his significant role in the ongoing XRP case. The potential for stricter crypto regulations under his watch is a topic of much discussion among industry insiders.

Solana Price Today

Currently, the price of Solana (SOL) is hovering around $238, showing a 5% increase over the past 24 hours. The price fluctuated between $216 (24-hour low) and $240 (24-hour high). At the moment, its market capitalization is approximately $113 billion, with about $8 billion in trading volume. Solana holds the 5th position among cryptocurrencies by market cap.

Notably, Grayscale Investments has submitted an application for a Solana Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This action underscores the increasing institutional attention towards Solana’s network.

Meme Crypto Prices Today

Today, meme coins are exhibiting a blend of responses. The value of Dogecoin (DOGE) dipped by 2% to reach $0.41, having peaked at $0.42 in the past 24 hours. Conversely, Shiba Inu (SHIB) experienced a 3% increase, currently trading at $0.00003015.

Various popular meme coins are exhibiting fluctuating trends. For instance, PEPE rose slightly by 1%, whereas WIF surged by 4%. Conversely, Bonk experienced a dip of 1%. The meme coin sector persists in its volatile nature, with diverse outcomes noticeable among the distinct tokens.

Top Crypto Gainer Prices Today

Reserve Rights

In the last day, the price of Reserve Rights (RSR) surged an astounding 121%, currently standing at $0.026. Over the same period, its lowest and highest prices were $0.01231 and $0.02669 respectively. This significant rise has catapulted RSR into the list of top performers today.

The rising cost of RSR is happening as people talk more about the possibility that Paul Atkins will become the next U.S. SEC chairman under President Donald Trump, causing a surge in attention towards the project.

Tron

In the previous 24 hours, Tron (TRX) experienced one of the largest increases among all cryptocurrencies, rising by approximately 70% to a current trading price of $0.38. This surge has moved it into the top 10 cryptocurrencies in terms of market capitalization, which now stands at an impressive $32 billion. Over this period, TRX saw low and high prices of $0.2245 and $0.4406, respectively. In addition, a significant trading volume of $12 billion was recorded for Tron within the last 24 hours. The substantial price growth underscores growing investor interest and reinforces TRON’s standing among the leading cryptocurrencies.

Top Crypto Loser Prices Today

Kaia

In the past day, the value of Kaia (KAIA) experienced the most significant drop among all cryptocurrencies, decreasing by 17%. Currently, it is being traded at $0.34. Over the course of today, its lowest price was $0.26, while its highest point reached $0.39.

Flare Network

As a researcher, I’ve noticed a 10% dip in the price of Flare Network (FLR), which is now being traded at approximately $0.034. Within the past 24 hours, its lowest point was $0.03199, while its highest point was $0.0382.

For the cryptocurrency market, the one-hour price chart indicates a bullish trend. Notably, significant altcoins and Bitcoin have risen by 1% to 2%. Given this bullish momentum, it appears that crypto prices today are exhibiting robust positive signs. This could potentially be a favorable indicator for investors anticipating growth in the near future.

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2024-12-04 07:21