The cryptocurrency market skilled a flash crash at this time, with Bitcoin (BTC) plunging to $92,000 after reaching an all-time excessive of $103,000. Major altcoins, together with Ethereum (ETH) and XRP, mirrored this development, resulting in important liquidations throughout the market. Despite the downturn, Solana (SOL) emerged as the highest gainer among the many high 10 cryptocurrencies, rising 6% on the time of writing. JasmyCoin (JASMY) outperformed all, surging by a formidable 36%.
The world crypto market cap noticed a slight decline, now at $3.57 trillion, whereas the general buying and selling quantity surged 22% within the final 24 hours. The Fear and Greed Index, which displays excessive greed at 81, highlights sturdy investor sentiment regardless of the volatility.
Here’s a quick overview of some leading cryptocurrencies by market cap and their costs at this time, December 6.
Cryptocurrency Market Today: BTC Crashes, ETH Climbs, and SOL Gains 6%
Bitcoin value at this time tanked significantly, touching a low of $91,998 prior to now 24 hours. Over $649 million was liquidated as Bitcoin dropped below the critical $100,000 degree. Major altcoins additionally adopted the same sample, experiencing sharp volatility.
Bitcoin Price Today
Bitcoin (BTC) price was buying and selling at $97,541 on the time of writing, reflecting a 4% decline within the final 24 hours. Its 24-hour excessive reached $103,900, whereas it has recorded a considerable 33% improve over the previous month. The market cap is at the moment at $1.93 trillion, with $146 billion in buying and selling quantity prior to now 24 hours. BTC’s market dominance has dropped barely, now standing at 53.84%.
Institutional exercise continues to affect market tendencies. SoSo Value reported BTC ETF outflows of $3.85 million on Thursday, whereas Fidelity bought $47 million value of Bitcoin. Grayscale bought $148 million in GBTC shares whereas buying $95 million value of BTC ETFs by its Bitcoin Mini Trust. BlackRock’s knowledge on BTC exercise stays anticipated.
Meanwhile, contrasting opinions about Bitcoin’s future have emerged. Peter Schiff suggested that Bitcoin may probably destroy the U.S. greenback, whereas Fed Chair Jerome Powell expressed a extra cautious perspective, emphasizing a balanced view of cryptocurrency’s implications.
Ethereum Price Today
Ethereum (ETH) price was buying and selling at $3,859 on the time of writing, reflecting a 1% improve prior to now 24 hours. The 24-hour high and low for ETH have been $3,683 and $3,956, respectively.
Ethereum holds a market cap of $465 billion and has recorded a buying and selling quantity of $57 billion within the final 24 hours. Its market dominance stands at 13%, sustaining its place because the second-largest cryptocurrency by market cap.
XRP Price Today
XRP price was buying and selling at $2.30, displaying a 2% decline during the last 24 hours. Its 24-hour high and low have been $2.23 and $2.48, respectively. XRP holds a market cap of $131 billion and recorded a buying and selling quantity of $17 billion, rating it fourth among the many high cryptocurrencies by market cap.
In different information, manufacturing firm Worksport has announced plans to undertake Bitcoin and XRP for his or her company treasury. The firm’s Board of Directors has already accredited purchases of BTC and XRP, signaling a rising development of institutional adoption within the cryptocurrency market at this time.
Solana Price Today
Solana (SOL) value was buying and selling at $241, up by 6% prior to now 24 hours. Its 24-hour high and low have been $228 and $246, respectively. With a market cap of $228 billion and a buying and selling quantity of $9.41 billion within the final 24 hours, SOL maintains its place because the fifth largest cryptocurrency by market cap within the cryptocurrency market at this time.
Meme Cryptocurrency Market Today
The cryptocurrency market at this time noticed a decline in meme cash. Dogecoin (DOGE) price dropped by 2%, buying and selling at $0.43, whereas Shiba Inu (SHIB) additionally fell by 2%, priced at $0.00003079.
Despite the decline in top meme coins, different notable ones like PEPE, WIF, and Bonk confirmed slight positive factors. These cash elevated by 1% to 4% prior to now 24 hours, offering some optimistic motion within the meme coin section.
Top Crypto Gainers Prices Today
JasmyCoin
JasmyCoin (JASMY) value was buying and selling at $0.05225, marking a 36% acquire prior to now 24 hours. The 24-hour high and low for JASMY have been $0.04173 and $0.05868, respectively, displaying important volatility.
In addition to its day by day progress, JasmyCoin has seen extraordinary efficiency over the previous week and month. It is up by 100% within the final week and a formidable 160% over the previous month, positioning it as one of many high gainers within the cryptocurrency market at this time.
Worldcoin
Worldcoin (WLD) price was buying and selling at $4, displaying a 21% improve prior to now 24 hours. Its 24-hour high and low have been $3.20 and $4.17, respectively, reflecting notable value fluctuations.
dYdX (Native)
dYdX (DYDX) was up by 17%, buying and selling at $2.11. Its 24-hour high and low have been $1.75 and $2.163, respectively, displaying notable value fluctuations. This surge mirrored sturdy momentum for dYdX, making it a standout performer within the cryptocurrency market at this time.
Top Crypto Losers Prices Today
IOTA
IOTA price was down by 9% on the time of writing, buying and selling at $0.4434. Its 24-hour high and low have been $0.44 and $0.50, respectively, indicating some volatility. With a market cap of $1.57 billion, IOTA stays within the high 100 cryptocurrencies by market cap, regardless of its latest decline.
Algorand
Algorand (ALGO) value was down by 8%, buying and selling at $0.453, making it the second high loser within the final 24 hours. Its 24-hour high and low have been $0.44 and $0.49, respectively, reflecting the volatility in its value.
VeChain
VeChain (VET) price was down by 7%, buying and selling at $0.06535 within the cryptocurrency market at this time. Its 24-hour high and low have been $0.0641 and $0.0733, respectively, displaying notable fluctuations in its value.
The hourly time-frame charts are displaying weak momentum throughout the cryptocurrency market at this time, with Bitcoin (BTC) down by 1%. Major altcoins are following the same sample, displaying slight declines, whereas Ethereum (ETH) is up by 1% prior to now hour.
Coingape Staff
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