Cryptocurrency Price Today (December 1): Bitcoin Stable Above $96,000, Hedera Becomes Biggest Gainer
Cryptocurrency price on December 1 quick take: The global market cap rose to $3.34 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable within the $96,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor dips and gains as the overall Market Fear & Greed Index stood at 81 (Extreme Greed) out of 100, as per CoinMarketCap data. The Hedera (HBAR) token became the top gainer, with a 24-hour jump of over 42 percent. CORE was the biggest loser today, with a 24-hour dip of nearly 10 percent.
The global crypto market cap stood at $3.45 trillion at the time of writing, registering a 24-hour jump of 1.40 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $96,564.72, registering a 24-hour jump of 0.043 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.72 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,680.81, marking a 24-hour loss of 0.21 percent at the time of writing. Ethereum price in India stood at Rs 3.12 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 2.78 percent, as per CoinMarketCap data, currently priced at $0.4392. Dogecoin price in India stood at Rs 37.14.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 21.79 percent. At the time of writing, it was trading at $122.24. LTC price in India stood at Rs 10,320.86.
Ripple (XRP) Price Today
XRP price stood at $2.46, seeing a 24-hour jump of 32.46 percent. Ripple price in India stood at Rs 208.81.
Solana (SOL) Price Today
Solana price stood at $228.72, marking a 24-hour dip of 3.13 percent. SOL price in India stood at Rs 19,392.55.
Top Crypto Gainers Today (December 1)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Hedera (HBAR)
Price: $0.251
24-hour gain: 42.76 percent
Kaia (KAIA)
Price: $0.2806
24-hour gain: 32.21 percent
IOTA (IOTA)
Price: $0.3453
24-hour gain: 30.87 percent
Ripple (XRP)
Price: $2.45
24-hour gain: 30.69 percent
EOS (EOS)
Price: $1.13
24-hour gain: 21.95 percent
Top Crypto Losers Today (December 1)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Core (CORE)
Price: $1.55
24-hour loss: 9.35 percent
Popcat (SOL) (POPCAT)
Price: $1.23
24-hour loss: 8.52 percent
Bittensor (TAO)
Price: $606.19
24-hour loss: 7.36 percent
Raydium (RAY)
Price: $5.03
24-hour loss: 6.66 percent
Celestia (TIA)
Price: $7.62
24-hour loss: 5.72 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continues its upward trend, climbing from $95,700 to $97,600, signalling bullish control as traders prepare for a potential rally past the $100K milestone. The broader market is seeing increased activity with XRP overtaking Solana as the 4th largest crypto and other coins such as Cardano, Doge, Steller and Shiba Inu gaining as much as 11% in a day. Following the same trend, Ethereum ETFs saw higher inflows than Bitcoin ETFs, highlighting the institutional interest in altcoins.”
CoinSwitch Markets Desk noted, “In what was witnessed was an astonishing weekend of crypto bulls as XRP lead the market rally and added more than 35 bilion dollars in market cap - reaching nearly 2.5 dollars - reaching its highest market cap ever after close to 7 years. This happened as New York Department of Financial Services had indicated approving the company’s RLUSD stablecoin which could be launched around December 4. Other “old” coins such as Litecoin’s LTC and Stellar Lumen’s XLM also aided in the pump as Ethereum lagged behind.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “November 2024 stands out as a historic month for the crypto market, especially for Bitcoin. As BTC reached a record-breaking monthly candle with a gain of $26,400, closing at $96,400. This achieved milestone was accompanied by growing NFT markets, which went up by 57.8% to $562 million in sales volumes-primarily through Ethereum and Bitcoin-based collections such as CryptoPunks and Pudgy Penguins. BTC is currently trading at $97,660. XRP also came out as a top performer, jumping 370% in a month to $2.39, overtaking Solana and Tether to be the third-largest crypto asset by market capitalization at $133.25 billion.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's recent move towards $100,000 has boosted altcoins such as SHIB, FIL, MNT and AAVE. Bitcoin's strength with an uptrend and RSI in positive territory suggests that a break above $100,000 could lead to $113,000 or $125,000. However, a drop below $90,000 may trigger profit taking. Shiba Inu (SHIB) breached $0.000030 and completed a bullish head and shoulders inversion pattern. If it holds above this level, SHIB could target $0.000039, then $0.000047. Failure to hold above $0.000030 would mean a bull trap that would pull the price back to the 20-day EMA at $0.000025.”
Shivam Thakral, CEO of BuyUcoin, said, “XRP has surpassed Solana to become the fourth-largest cryptocurrency in the past day, with a market valuation of more than $122 billion. This impressive rise is fueled by positive sentiment surrounding Ripple's pro-crypto policies and ongoing legal developments, which are shifting in favor of the company. As regulatory clarity looks imminent, the market is buzzing with optimism, which could lead to the wider adoption of cryptocurrencies. Investors are bullish on XRP's future, suggesting that continued favorable outcomes could lead to further gains and a challenge for the third spot against Tether.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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