Bitcoin (BTC) took a major hit after achieving the much-awaited ATH of $100,000 yesterday. At the time of writing, BTC consolidated around the $98,000 mark. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of dips and gains as the overall Market Fear & Greed Index stood at 81 (Extreme Greed) out of 100, as per CoinMarketCap data. The dYdX (Native) token became the top gainer, with a 24-hour jump of over 37 percent. VeChain (VET) was the biggest loser today, with a 24-hour dip of nearly 5 percent.
The global crypto market cap stood at $3.61 trillion at the time of writing, registering a 24-hour dip of 0.79 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $98,097.99, registering a 24-hour loss of 3.57 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.72 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,921.78, marking a 24-hour dip of 1.82 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 0.05 percent, as per CoinMarketCap data, currently priced at $0.4382. Dogecoin price in India stood at Rs 37.14.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 6.90 percent. At the time of writing, it was trading at $136.82. LTC price in India stood at Rs 10,320.86.
Ripple (XRP) Price Today
XRP price stood at $2.36, seeing a 24-hour gain of 2.20 percent. Ripple price in India stood at Rs 208.81.
Solana (SOL) Price Today
Solana price stood at $239.25, marking a 24-hour jump of 2.61 percent. SOL price in India stood at Rs 19,392.55.
Top Crypto Gainers Today (December 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
dYdX (Native) (DYDX)
Price: $2.45
24-hour gain: 37.17 percent
Bitget Token (BGB)
Price: $2.18
24-hour gain: 23.47 percent
Worldcoin (WLD)
Price: $3.99
24-hour gain: 22.28 percent
JasmyCoin (JASMY)
Price: $0.05168
24-hour gain: 21.27 percent
Virtuals Protocol (VIRTUAL)
Price: $1.85
24-hour gain: 19.56 percent
Top Crypto Losers Today (December 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
VeChain (VET)
Price: $0.06635
24-hour loss: 4.79 percent
IOTA (IOTA)
Price: $0.4509
24-hour loss: 4.77 percent
Algorand (ALGO)
Price: $0.46
24-hour loss: 3.66 percent
Bitcoin (BTC)
Price: $98,193.11
24-hour loss: 3.39 percent
Bitcoin SV (BSV)
Price: $80.76
24-hour loss: 2.88 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin crossed the $100,000 milestone yesterday reaching $103,300, driven by Paul Atkins’ appointment as the head of the US SEC and significant surge in inflows to Bitcoin ETFs. The $100K milestone is a long-anticipated psychological barrier which shows the growing adoption and maturity of Bitcoin as a global asset. After reaching its peak, Bitcoin is consolidating around $97,000 with some profit taking. Institutional players are increasingly entering the market, while retail participation is still in its early stages, indicating that the current bull run may have a significant runway ahead.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin fell by a sharp 5.47% on December 5, touching below $93,000 before bouncing back to $97,664 on December 6. The drop resulted in liquidations of more than $303 million in one hour. The market capitalization of Bitcoin fell by $200 billion in three minutes and closed at $1.92 trillion after it reached an all-time high of $104,000 on December 5th. Crypto Fear & Greed Index slid to 72, thereby entering the "Greed" zone, indicating strong emotions in the market. The optimism remains as favorable conditions of liquidity can help trigger a short-term pullback to propel Bitcoin upward again. Central banks will inject more liquidity, thus providing favorable long-term conditions. Meanwhile, XRP maintains its support line at $2.30. There is a high possibility of the price breaking down to $1.80 if selling pressure gains strength, but market respite may provide some hope to the price.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin surged past $100,000 on Thursday, breaking its previous all-time high of $99,588, following a correction. The rally was sparked by President-elect Donald Trump's announcement that Paul Atkins, a pro-crypto figure, would replace Gary Gensler as SEC Chair. The price of BTC continued to rise, reaching over $103,000, and analysts are targeting $113,000, based on Fibonacci extension levels. While the Relative Strength Index (RSI) on the daily chart is above the overbought threshold of 70, indicating potential pullbacks, the upward trend persists, suggesting a possible continuation toward $125,000 if momentum holds.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, the cryptocurrency market experienced notable fluctuations, particularly as Bitcoin dipped below the critical $100,000 psychological level after achieving a new all-time high. This retreat was accompanied by significant market activity, with liquidations exceeding $500 million in a single day. Despite Bitcoin's struggles, altcoins like Ethereum, XRP, and Solana surged by 0.70%, 1.58%, and 2.09%, respectively, indicating broader market interest in alternative cryptocurrencies.”
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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.