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BTC Trades in Range, XRP Surges 18%, HBAR Gains 58%, ONDO Up 36%

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4 months ago

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Cryptocurrency Prices Today, December 3: The crypto market maintains a bullish stance as Bitcoin (BTC) consolidates within a range for the past 10 days, trading between $93,000 and $99,000. XRP is the top performer among the top 10 coins, gaining 18% in the last 24 hours. Meanwhile, Hedera (HBAR) and Ondo (ONDO) emerged as standout performers, with Hedera surging by an impressive 58% and Ondo increasing by 36% in the same period.

The 24-hour trading volume surged to $284 billion, marking a 65% increase, reflecting heightened activity. However, the global crypto market cap dipped slightly by 0.4% to $3.47 trillion from the previous day. Notably, November witnessed the biggest inflow in the crypto market, with approximately $1 trillion added during the month, highlighting growing investor confidence. Let’s delve deeper into the price movements and trends for top cryptocurrencies on December 3.

Cryptocurrency Prices Today: BTC Holds Steady, ETH & SOL Dip 2%, XRP Soars 18%

Bitcoin (BTC) continues its steady run, consolidating within a narrow range without significant movement. However, Ethereum (ETH) and Solana (SOL) experienced slight declines, dropping by 2% over the past 24 hours. XRP, on the other hand, extended its impressive rally, surging 18% and maintaining its position as one of the top-performing assets in the market.

Bitcoin Price Today

Bitcoin (BTC) price remains steady, trading within a defined range for an extended period. Currently priced at $96,000, BTC has recorded a 2% decrease in the last 24 hours. Its 24-hour low and high are $94,482 and $97,741, respectively. Bitcoin’s market cap is $1.9 trillion, supported by a trading volume of $72 billion and a market dominance of 54.65%.

As per sosovalue, BTC ETFs saw inflows of $15.33 million, highlighting continued investor interest. Data from BlackRock is still awaited, while Fidelity Investments recorded $25 million in inflows. Meanwhile, Grayscale faced significant outflows, totaling $28 million, reflecting some investor caution.

Additionally, the U.S. government has transferred another batch of Bitcoin valued at $1.9 billion. This movement comes as conversations about strategic crypto management continue to grow globally.

Ethereum Price Today

Ethereum (ETH) price is currently trading at $3,641, reflecting a 3% decrease over the past 24 hours. Its 24-hour low and high stand at $3,557 and $3,710, respectively. With a market cap of $438 billion and a trading volume of $46 billion, Ethereum remains the second-largest cryptocurrency by market capitalization. Its market dominance currently sits at 12.61%.

According to Sosovalue, ETH experienced outflows of $32 million on Monday, with $44 million outflows solely from Grayscale. Data from BlackRock remains pending, while Fidelity Investments reported an inflow of $19.9 million. Over the past two weeks, ETH has seen significant inflows, totaling $634 million, underscoring growing institutional interest.

XRP Price Today

XRP price is currently trading at $2.72, reflecting an impressive 18% surge in the last 24 hours. Its 24-hour low and high are $2.24 and $2.84, respectively, showing strong price fluctuations. XRP’s market cap has reached $155 billion, allowing it to surpass Solana and USDT, securing the 3rd position in the rankings.

The 24-hour trading volume for XRP stands at $46 billion, contributing to a market dominance of 4.47%. In a significant development, Ripple Labs Inc. has accelerated testing of its stablecoin, RLUSD. Ripple has also minted nearly 10 million RLUSD tokens, with potential approval from New York regulators on the horizon.

Solana Price Today

Solana (SOL) price is trading at $227, marking a 3% drop in the last 24 hours. The cryptocurrency has slipped to the 5th position by market capitalization, reflecting slight pressure in the market. Its 24-hour low and high are $220 and $230, respectively.

With a market cap of $108 billion, Solana maintains a strong presence despite recent declines. Its 24-hour trading volume stands at $7 billion, highlighting continued investor activity. Notably, Coinbase announced the addition of Solana-based meme coin Moo Deng to its roadmap for listing, leading to a significant price surge following the news.

Meme Cryptocurrency Prices Today

Meme coins are lagging in the market today, with the top meme coins, Dogecoin and Shiba Inu, seeing declines of 6 to 7% in the last 24 hours. Cryptocurrency prices today show Dogecoin (DOGE) trading at $0.42, with a 24-hour low of $0.40 and a high of $0.45. Shiba Inu (SHIB) is priced at $0.0000294, reflecting a modest drop.

Other notable meme coins such as PEPE, BONK, and WIF are also experiencing losses, with declines ranging from 6 to 8%. This trend highlights the overall downward movement in the meme coin sector amid the broader market conditions.

Top Cryptocurrency Gainer Prices Today

Hedera

Hedera (HBAR) has emerged as the top gainer again, with a remarkable 58% increase in the last 24 hours. Cryptocurrency prices today show HBAR currently trading at $0.377, with a 24-hour low of $0.2325 and a high of $0.3851. This surge has attracted significant attention, positioning Hedera as one of the standout performers in today’s market.

Ondo

ONDO price is currently trading at $1.73, reflecting a 36% increase in the last 24 hours. Its 24-hour low and high are $1.154 and $1.784, respectively. With a market cap of $2.39 billion and a 24-hour trading volume of $693 million, ONDO has experienced significant upward movement, attracting investor attention.

Top Cryptocurrency Loser Prices Today

Raydium

Raydium (RAY) price is currently trading at $4.87, reflecting an 8% decrease in the last 24 hours. Cryptocurrency prices today show its 24-hour low and high are $4.76 and $5.17, respectively. With a market cap of $1.42 billion and a 24-hour trading volume of $116 million, Raydium is experiencing some downward pressure in the market.

Kaspa

Kaspa (KAS) price is currently trading at $0.1565, reflecting a 7% drop in the last 24 hours. Its 24-hour low and high are $0.1533 and $0.1641, respectively. With a market cap of $3.96 billion and a trading volume of $280 million, Kaspa is experiencing a slight pullback in the market.

The cryptocurrency prices today show a positive trend on the hourly chart, with major coins in the green, reflecting some gains in the last hour. This bullish momentum in the broader market could indicate potential recovery or consolidation for top coins.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Franklin Templeton Eyes Crypto ETP Launch In Europe After BlackRock & 21Shares

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4 hours ago

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April 2, 2025

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American multinational investment management company Franklin Templeton has made global headlines this Wednesday by revealing that it is eyeing a crypto ETP launch in Europe. The company with over $1.5 trillion in AUM (Assets Under Management) now follows the footsteps of its rivals BlackRock and 21Shares, who previously revealed similar plans for the region. Following its remarkable success in the U.S. with a Bitcoin ETF, this mover has echoed a notable market buzz, paving the way for further investor interaction with the digital asset class.

Franklin Templeton Considers Crypto ETP Launch In Europe

According to an X post by Bitcoin Magazine on April 2, Franklin Templeton is considering launching Bitcoin and crypto ETP in Europe. With this decision, the asset manager is poised to join the fray alongside BlackRock and 21Shares to achieve such a feat in the region.

A company spokesperson revealed that while plans to launch a digital asset-backed ETP are not “immediate, “observing and keeping pace with the evolving regulatory framework in Europe and elsewhere to create those cryptocurrency products that best cater to our clients’ demands” remain vital. Also, they added, “We are constantly exploring the possibility of launching innovative products in all asset classes,” ETF Stream reported.

Franklin Templeton Follows BlackRock & 21Shares’ Footsteps?

Meanwhile, CoinGape recently reported that BlackRock also launched its iShares Bitcoin Trust in the same region. This ETP is featured on Xetra and Euronext Paris under the ticker IBIT, while investors can also find it on Euronext Amsterdam.

Additionally, asset manager 21Shares expanded its crypto ETP offerings in Europe the previous week. Reportedly, the asset manager launched Bitcoin, Solana, and XRP Exchange-Traded Products (ETPs) on Nasdaq Stockholm, enhancing regional investor participation for the digital asset class. Overall, the European crypto ETP scenario continues to take a paradigm-favorable shift as Franklin Templeton now joins the race, adding to institutional support in the region.

Bitcoin ETF Success In The U.S. Garners Attention

Simultaneously, it’s worth taking into account the prominent market success of Franklin Templeton Digital Holdings Trust (EZBC) in the U.S. Sosovalue data indicates that the asset manager currently holds net assets worth $428.52 million within its spot Bitcoin ETF holdings. The considerably large holdings in just a year of BTC ETF’s inception underline the trading products and the asset manager’s phenomenal success. This market capitalizing stand also fuels optimism for crypto ETPs launch in Europe, given the feat happens ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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What’s Fueling The Shibarium Boost?

Published

6 hours ago

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April 2, 2025

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The SHIB community is once again surfing optimistic tides within the crypto realm with a staggering 12,000% uptick in the Shiba Inu burn rate and a key Shibarium milestone achieved lately.

On Wednesday, April 2, burn statistics signaled that over 115 million coins were removed from the circulating supply, whereas transactions on the Layer 2 blockchain scaled new heights by topping 1 billion. In response, crypto market participants are now eyeing a highly bullish future for one of the most renowned dog-themed meme tokens amid bolstered market dynamics.

Shiba Inu Burn Rate Soars Over 12,000%, Supply Takes A Blow

Data from the official tracker Shibburn indicated that the SHIB burn rate surged 12,278.89% in the past 24 hours. Per the data, this massive surge rode the back of 115.89 million tokens removed from the supply in just a day.

Shiba Inu burn data amid Shibarium transaction volume surgeShiba Inu burn data amid Shibarium transaction volume surge
Source: Shibburn, X

Notably, the burn mechanism permanently reduces the circulating supply by transferring tokens to a null address. As a response, traders and investors weigh bullishness on the asset’s future prospects by considering the law of supply and demand.

With today’s massive burn saga, the total number of coins killed to date reached 410.72 trillion SHIB. Meanwhile, 584.35 trillion tokens still remain in circulation. Further, it’s worth mentioning that the wallet address “0xc439514852e132c” single-handedly burnt 92.64 million tokens, aiding the surge.

The impact of the constant Shiba Inu burns has kept investors hopeful about a price rally ahead. On the other hand, the coin’s layer 2 blockchain, Shibarium, is making monumental strides.

Shibarium Transaction Volume Hits 1B

SHIB’s marketing lead Lucie further revealed on X that the transaction volume on the Layer 2 blockchain has crossed the 1 billion mark. This chronicle has added to the optimistic buzz orbiting the crypto as it underscores its network’s rising popularity.

Soon after its launch in August 2023, the L2 network gained significant traction with its vast offerings. Ranging from seamless transactions and gaming opportunities to utilities with tokens such as TREAT, LEASH, and BONE, the L2 network offers users top-notch services in the Web3 space. The rising transactions add to bullish market sentiments, accompanying the Shiba Inu burn rate upswing.

Is SHIB Price Gearing Up For A Rally?

Despite the bullish advancements, SHIB price traded down nearly 4% today, resting at $0.00001224. The meme coin hit a low and a peak of $0.00001214 and $0.00001312 in the past 24 hours. Besides, the weekly chart also indicated a 20% crash in value. This bearish action has kept investors cautious over future aspects despite the Shiba Inu burn surge and Shibarium advancement.

SHIB price chartSHIB price chart
Source: Nebraskangooner, X

Simultaneously, a renowned crypto market trader going by the name Nebraskangooner revealed that SHIB continues to reject resistance just like other altcoins. Crypto market participants continue to thoroughly monitor the token, given that some market stats indicate a bullish stance whilst the price wanes.

Also, CoinGape reported that the coin’s lead developer, Shytoshi Kusama, shared a cryptic location update recently. The abovementioned chronicles are some of the most buzz-worthy Shiba Inu news lately.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pi Network Faces Community Backlash, Is Pi Coin Price Heading to Zero?

Published

9 hours ago

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April 2, 2025

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Pi Network seems to be losing ground as Pi Coin price continues to face strong selling pressure, dropping another 4% and slipping under $0.70. Furthermore, the PI trading activity in the ecosystem is also dropping, showing that the investors’ euphoria is fading away quickly. Also, the PI token unlocks happening over the past week and so have led to a negative sentiment.

Pi Network Faces Backlash Despite PiFest Announcement

Earlier today, the Pi Core team announced that the inaugural PiFest on the Open Network saw record participation, with over 125,000 registered sellers—including more than 58,000 active sellers—and 1.8 million Pioneers utilizing Map of Pi, while highlighting Pi’s real-world utility worldwide.

However, the community doesn’t seem to be pleased by this. Commenting on the reality of the PiFest, Dr. Altcoin noted: “Since the PiFest started, Pi trading activity in the Eco-system has been at its lowest. The only trade was selling Pi for Cash”. While slamming the core team further, Dr. Altcoin stated that the Pi co-founders “seem out of touch with the realities of the everyday Pi Community”.

Other community members have slammed Pi Core Team’s communication approach, stating that it has remained unchanged since the enclosed mainnet phase. Critics like Dao world argue that the monthly updates are too predictable and insufficient for sustaining a large and engaged community.

Community members are now advocating for a more transparent communication strategy, with calls for a new leadership figure who has a deep understanding of cryptocurrency.

Pi Network Reduces Base Mining Rate by 1.18% This Month

The Pi Network’s base mining rate has dropped by 1.18% this month, now standing at 0.0029030 π per hour. This adjustment continues the network’s trend of gradual mining rate reductions. Some community members speculate that the declining interest in mining may be linked to Pi’s current low trading value on exchanges.

Despite talks of the Pi Network listing on top crypto exchanges like Binance and Coinbase, it hasn’t fructified so far. However, the BTCC exchange stated that it has added the cryptocurrency for spot trading, but it failed to add any upward momentum to the Pi coin price.

Where’s Pi Coin Price Heading Next?

Over the past seven days, the Pi coin price has tanked by 20%, with the next crucial support levels at $0.60. Furthermore, the correction under $0.70 comes with heavy selling pressure as daily trading volumes tanked 52% to $148 million.

Pi Network is currently forming a classic falling wedge pattern, testing the lower boundary near $0.687. A confirmed breakout with volume above the $0.71–$0.72 range could signal a bullish move, potentially pushing the price toward $0.75–$0.78, where key resistance levels lie.

Source: Crypto Sat

Some market analysts still have the hope that PI cryptocurrency could reverse the trajectory to hitting highs of $3 and above.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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