Cryptocurrency Price Today (December 5): Bitcoin Creates Record, Rides ‘Trump Bump’ To Cross $100,000
Cryptocurrency price on December 5 quick take: The global market cap rose to $3.68 trillion.
Bitcoin (BTC) has just set a new record, posting a new all-time high of $100,000 early Thursday. The recent ‘Trump Bump’, an effect of Donald Trump winning the US Presidential Election, is believed to the biggest driver behind the rally. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens as the overall Market Fear & Greed Index stood at 85 (Extreme Greed) out of 100, as per CoinMarketCap data. The RENDER token became the top gainer, with a 24-hour jump of over 18 percent. Tron (TRX) was the biggest loser today, with a 24-hour dip of nearly 21 per cent.
The global crypto market cap stood at $3.68 trillion at the time of writing, registering a 24-hour jump of 4.27 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $103,307.60, registering a 24-hour jump of 7.36 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.72 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,859.31, marking a 24-hour gain of 4.76 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 gain of 10.05 percent, as per CoinMarketCap data, currently priced at $0.4593. Dogecoin price in India stood at Rs 37.14.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.54 percent. At the time of writing, it was trading at $128.31. LTC price in India stood at Rs 10,320.86.
Ripple (XRP) Price Today
XRP price stood at $2.31, seeing a 24-hour loss of 10.38 percent. Ripple price in India stood at Rs 208.81.
Solana (SOL) Price Today
Solana price stood at $236.26, marking a 24-hour dip of 1.77 percent. SOL price in India stood at Rs 19,392.55.
Top Crypto Gainers Today (December 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Render (RENDER)
Price: $10.50
24-hour gain: 18.76 percent
Stacks (STX)
Price: $2.95
24-hour gain: 13.31 percent
Curve DAO Token (CRV)
Price: $1.05
24-hour gain: 12.40 percent
The Sandbox (SAND)
Price: $0.8786
24-hour gain: 12.26 percent
Aerodrome Finance (AERO)
Price: $1.82
24-hour gain: 11.25 percent
Top Crypto Losers Today (December 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Tron (TRX)
Price: $0.3191
24-hour loss: 20.13 percent
IOTA (IOTA)
Price: $0.4726
24-hour loss: 19.16 percent
Neo (NEO)
Price: $21.04
24-hour loss: 12.78 percent
EOS (EOS)
Price: $01.32
24-hour loss: 12.61 percent
Hedera (HBAR)
Price: $0.2954
24-hour loss: 10.80 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has reached the historic $100,000 milestone, just a month after Donald Trump’s election as the 47th US President. Key developments, including Elon Musk heading the newly established Department of Government Efficiency, plans for a dedicated White House crypto policy role, and Trump’s appointment of Paul Atkins as SEC Chair, have fuelled this remarkable rally towards this mark. Institutional confidence is continuing to grow, with Bitcoin ETFs adding $676 million in a single day. This milestone is also expected to attract more retail investors, pushing crypto further into becoming a mainstream asset. With Trump’s pro-crypto agenda and Atkins’ leadership, the market is bound for friendlier reforms and wider adoption, setting Bitcoin on track to reach $120,000 in the coming weeks.”
Balaji Srihari, Business Head, CoinSwitch, said, “Reaching the USD 100k milestone is monumental for Bitcoin (BTC), signalling that a return to the record highs of 2021 is achievable—if not immediately, then eventually. Over the past month alone, BTC has surged by 50%, with its market cap crossing the $2 trillion threshold and delivering 144% year-to-date (YTD) return. Riding this wave of optimism, other tokens have also gained significant traction—SOL and XRP have hit an all-time high. However, this growth is still shy of the levels we experienced during the peak of 2021, underscoring the untapped potential in the ecosystem as we steadily move toward brighter times.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin has just made history crossing above $100k which is the hardest. The all time high closing above six figures for the first time represents a milestone in Bitcoin’s meteoric rise and is a major financial asset. It comes in a year that has seen Bitcoin more than double, including a 45-percent advance in less than four weeks following Trump’s presidential victory. And just over 16 years after its creation, Bitcoin is now on the doorsteps of mainstream adoption as it continues to battle skepticism and a controversial history.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin Breaks $100,000 Milestone Bitcoin jumped above the $100,000 mark on Thursday after a brief decline last week. The Relative Strength Index (RSI) suggests that the uptrend will continue, with technical analysis suggesting a potential rally towards $125,000. This marks a significant achievement for Bitcoin, maintaining its momentum and consolidating its market position. As of now, the BTC/USDT daily chart reflects this positive trend, although the situation remains dynamic and is closely monitored. The rise of the cryptocurrency continues to attract attention as it broke the six-figure barrier.”
Sumit Gupta, Co-founder, CoinDCX, said, "Crossing the $100K mark is a historic moment for Bitcoin and the global crypto industry. It’s incredible to see how far we’ve come — from Satoshi Nakamoto’s vision in the Bitcoin whitepaper to today, where Bitcoin has become a significant player in the global financial ecosystem."
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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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