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BTC Hits $100K, CRV Up 20%, SAND Surges 16%

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Today, the cryptocurrency market is fueled by bullish momentum as Bitcoin (BTC) reaches $100,000 for the first time. After approximately two weeks of consolidation, BTC has finally surpassed the $100K resistance level. Among altcoins, Ethereum (ETH) is up by 6%, while Binance Coin (BNB), Solana (SOL), and XRP have seen declines of 2% to 6%.

Curve DAO Token (CRV) and The Sandbox (SAND) emerged as the top gainers, with price increases of 20% and 16%, respectively. The global crypto market cap has risen by approximately 3%, now at $3.55 trillion. Trading volume remains stagnant at $285 billion.

Meanwhile, the Fear and Greed Index indicates 83, reflecting extreme greed. Here’s a closer look at some of the top cryptocurrencies by market cap and their prices today, December 5.

Cryptocurrency Market Today: BTC Hits All-Time High, ETH Gains 6%, While XRP and SOL Decline

Bitcoin (BTC) price reached $100K for the first time in history, marking a new all-time high. Ethereum (ETH) rose by 6%, while major cryptocurrencies like Binance Coin (BNB), XRP, and Solana (SOL) experienced a 2–6% decline.

Bitcoin Price Today

Bitcoin (BTC) price is currently trading at $102,126, with a 24-hour low of $94,660 and a high of $103,287. At the time of writing, it is up by 7%. For the first time, Bitcoin’s market cap surpassed $2 trillion, now standing at $2.03 trillion. The 24-hour trading volume reached $92 billion, with a market dominance of 55.4%.

According to SoSo Value, BTC ETFs recorded a $15 million outflow, while BlackRock’s data is still awaited. Meanwhile, Fidelity purchased $17 million worth of BTC ETFs on Wednesday.

In related news, Federal Reserve Chair Jerome Powell compared Bitcoin to gold. This comparison fueled bullish sentiment in the cryptocurrency market today, as he noted that both assets are comparable, unlike the US Dollar.

Ethereum Price Today

Ethereum (ETH) price traded at $3,880, reflecting a 6% increase over the past 24 hours. Its 24-hour low and high were $3,663 and $3,906. At the time of writing, its market cap stood at $465 billion, with a trading volume of $60 billion. Ethereum’s market dominance reached 12.7%.

SoSo Value reported an inflow of $43 million into ETH ETFs on Wednesday, with Fidelity leading the contributions with $40 million. Data from BlackRock remains pending, keeping market participants alert.

Meanwhile, analysts at CoinGape speculate whether Ethereum’s price could hit $5,000 if Bitcoin reaches $150K. Recent Bitcoin consolidation has provided altcoins, including Ethereum, an opportunity to shine. Ethereum’s resilience, especially during an 8% BTC price dip, underscores its position as a strong contender in the current bull market.

XRP Price Today

XRP price traded at $2.3, marking a 9% decline in the last 24 hours. Its 24-hour low and high were $2.188 and $2.67. At the time of writing, its market cap stood at $132 billion, with a 24-hour trading volume of $24 billion. XRP ranked 4th among cryptocurrencies by market capitalization, holding a market dominance of 3.61%.

In related news, Ripple Labs CEO Brad Garlinghouse expressed his support for Paul Atkins as the potential SEC Chair. He praised Atkins for his “common sense” approach to crypto regulation, emphasizing his experience and reputation as a proponent of balanced regulatory measures.

Solana Price Today

In the cryptocurrency market today, SOL price traded at $235, reflecting a 2% drop in the last 24 hours. Its 24-hour low and high were $223 and $240, respectively. With a market cap of $111 billion and a trading volume of $7 billion, SOL ranked 5th in the cryptocurrency market.

Moreover, in related news, Coinbase announced the listing of Gigachad (GIGA), a meme coin on the Solana network. The price of GIGA surged following the listing announcement.

Meme Crypto Performance Today

Meanwhile, the cryptocurrency market today has shown bullish momentum in the top meme crypto sector. Dogecoin (DOGE) traded at $0.4385, reflecting a 6% increase. Similarly, Shiba Inu (SHIB) price surged by 4% to $0.00003143.

Other top meme coins like PEPE gained 5%, while WIF and BONK saw a decline of 1% to 2%. Additionally, Moo Deng (MOODENG) was recently listed on Coinbase. Its price soared by 70% within 24 hours of the announcement.

Top Crypto Gainers Prices Today

Curve DAO Token

Curve DAO Token (CRV) price was trading at $1.07, marking a 20% jump in price and securing its position as the top gainer today. Its 24-hour low and high were $0.9157 and $1.23, respectively. With this significant rise, CRV has now entered the top 100 cryptocurrencies by market cap.

The Sandbox

The Sandbox (SAND) price was trading at $0.86, reflecting a 16% surge in price. Its 24-hour low and high were $0.7759 and $1.06, respectively.

Top Crypto Losers Prices Today

IOTA

IOTA price was trading at $0.4689, showing an 18% drop in price over the last 24 hours. Its 24-hour low and high were $0.45 and $0.6055, respectively.

TRON

TRX price was trading at $0.3167, with a 17% drop in the past 24 hours. Its 24-hour low and high were $0.3166 and $0.4275. Despite the decline, it remains in the top 10 cryptocurrencies by market cap. The cryptocurrency market today shows mixed reactions, with major coins experiencing volatility.

The hourly chart in the cryptocurrency market today is giving mixed reactions. BTC is up by 3% in the last hour, while other major altcoins are showing a small decrease in price. XRP has dropped by more than 5% in the past hour, reflecting some volatility in the market. The cryptocurrency market today continues to show fluctuations across various 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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$33 Million Inflows Signal Market Bounce

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Crypto inflows hit $226 million last week, signaling a cautiously optimistic investor sentiment amid ongoing market volatility.

According to CoinShares data, altcoins broke a five-week streak of negative flows, recording their first inflows in over a month.

Crypto Inflows Hit $226 Million Last Week

This turnout marks a significant slowdown from the previous week when crypto inflows hit $644 million, ending a five-week outflow streak. Before that, inflows peaked at $1.3 billion, with Ethereum outpacing Bitcoin in investor demand.

“Digital asset investment products saw $226 million of inflows last week suggesting a positive but cautious investor,” read an excerpt in the report.

The pullback to $226 million last week suggests a more measured approach by investors as they assess macroeconomic conditions and regulatory uncertainties.

Specifically, CoinShares’ researcher James Butterfill ascribes Friday’s minor outflows of $74 million to core personal consumption expenditure (PCE) in the US, which came in above expectations.

“The Fed’s preferred measure of inflation (Core PCE) moved up to 2.8% in February & remains well above their 2% target that has yet to be achieved. The market is expecting the Fed to hold rates steady again at their next meeting on May 7 (at 4.25-4.50%),” investor Charlie Bilello noted.

Nevertheless, this turnaround comes after nine consecutive trading days of inflows into crypto ETPs (exchange-traded products).

Despite the slowdown, Bitcoin continued to attract strong inflows of $195 million. Meanwhile, short-Bitcoin products registered outflows of $2.5 million for the fourth consecutive week. This suggests that investors are leaning bullish on Bitcoin, even as altcoins begin to recover.

The CoinShares report shows that altcoins saw $33 million in inflows last week after suffering $1.7 billion in outflows over the past month.

Altcoins Rebound After $1.7 Billion in Outflows

Ethereum (ETH) led the recovery, attracting $14.5 million, then Solana (SOL) at $7.8 million, while XRP and Sui recorded $4.8 million and $4.0 million, respectively. Market analysts believe altcoins may be bottoming out, creating potential buying opportunities.

“Altcoins are oversold. The bottom is close. We’re ready for a bounce,” renowned analyst Crypto Rover highlighted.

Other analysts echoed the sentiment, suggesting growing attention toward altcoins. Among them was trader Thomas Kralow, who said, “altcoins are setting up for a comeback.”

Adding credence to this bullish outlook for altcoins, project researcher BitcoinHabebe, known for insightful mid-low cap sniper entries, pointed to technical indicators suggesting a market reversal.

“While bears are trying to spread fear & make you sell your altcoins, the TOTAL3 [Altcoins market cap chart excluding Bitcoin and Ethereum] just bounced off an HTF [higher timeframe] retest,” the analyst stated.

This means most coins have bottomed out and are expected to start reversing soon. Cole Garner noted a key buy signal in market liquidity metrics, further supporting this view.

“Tether Ratio Channel already flashed a double buy signal this month. Now my lower timeframe version is popping off. Fresh capital incoming,” he indicated.

The Tether Ratio Channel is an on-chain analytical tool that helps traders identify potential buy signals. It tracks the ratio of Bitcoin’s market capitalization to that of stablecoins, acting as a leading indicator for short- to medium-term trends.

When the ratio hits certain levels, it can signal shifts in market sentiment, often indicating whether fresh capital is entering or exiting the market.

While overall crypto inflows have slowed compared to previous weeks, the return of capital into altcoins suggests renewed investor confidence. Analysts see signs of an impending altcoin rally, with market metrics indicating that most coins have bottomed out.

As investors weigh macroeconomic uncertainties, the coming weeks could be critical in determining whether the altcoin recovery sustains momentum or if caution prevails.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Cardano Price Eyes Massive Pump In May Following Cyclical Patern From 2024

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Cardano price is repeating a pattern from 2024 that experts say is a signal for a massive pump in the coming weeks. While present figures are largely underwhelming for ADA, investors are brimming with confidence for a strong reversal in the near future.

Cardano Price Can Reach $2.5 In May

According to pseudonymous cryptocurrency analyst Master Kenobi, Cardano price is exhibiting cyclical behavior. In a post on X, Master Kenobi notes that ADA’s consolidation in recent days mirrors its price action from Q3 of 2024.

At the time, Cardano’s price suffered a steep correction in early August and endured a lengthy consolidation period before rallying. Presently, Cardano’s price is consolidating after the deep in early February that sent prices to $0.49.

“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” said Master Kenobi. “Since the dip on August 5, it hasn’t recorded a new low – just as it hasn’t now, following the dip on February 3.”

According to Master Kenobi, a lengthy consolidation phase will be the precursor for an impressive rally for Cardano’s price. The analyst theorizes that the incoming rally will send Cardano to impressive levels in May. In the short term, analysts are eyeing ADA to hit $1, citing rising whale activity and positive fundamentals.

“If this pattern holds, May could bring a massive pump, potentially pushing the price toward $2.5,” said Master Kenobi.

ADA Ripples With Bullish Activity

At the moment, Cardano price is trading at $0.6646, a far cry from its all-time high of $3.10. Despite the lull in price action, the ecosystem is brimming with bullish activity for higher valuation.

Investors have their eyes on $10 after ADA outperformed top S&P 500 companies in a strong show of resilience. Futhermore, increased whale activity in the space is signaling an impending rally for ADA as community sentiment reaches an all-time high.

Analysts have opined that an ADA rally to $10 is not a crazy prediction, citing a slew of positive fundamentals for the network. However, pundits are urging investors to brace for multiple corrections in the march to reach a valuation of $10.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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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Analyst Reveals Why The XRP Price Can Hit ATH In The Next 90 To 120 Days

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Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.

Why The XRP Price Can Hit ATH In 90 To 120 Days

In an X post, Egrag Crypto alluded to historical patterns to explain why the XRP price can hit a new ATH in the next 90 to 120 days. He noted that the RSI chart shows important historical patterns and stated that the altcoin usually has two peaks during its bull runs.

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The crypto analyst further revealed that in 2021, the second peak occurred after 90 days, while in 2017, it occurred after 120 days. Based on this, Egrag Crypto affirmed that this historical timeframe provides market participants with a potential for a “great opportunity,” hinting at the altcoin hitting a new ATH.

In another post, he raised the possibility of the XRP price reaching a new ATH of $3.9 by May. This came as he identified an Inverse Head and Shoulder pattern, which was forming for the altcoin. The crypto analyst stated that the measured move is $3.7 to $3.9.

For now, an XRP analysis has shown that the altcoin is struggling at $2.15 amid regulatory uncertainty over SEC Chair nominee Paul Atkins. In his update on this Inverse Head and Shoulder pattern, Egrag Crypto remarked that a close above $2.24, the Fib 0.888, is the next minor target. He affirmed that the pattern is still unfolding as anticipated.

Ripple’s Native Token Could Still Drop Below $2

Crypto analyst Dark Defender has predicted that the XRP price could still drop below $2 before the next leg up. In an X post, he stated that Ripple’s native token is in the 4th Wave of the Monthly Elliott Wave structure.

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His accompanying chart showed that XRP could drop to as low as $1.88 on this Wave 4 corrective move. Once that is done, the altcoin will witness its next leg up, rallying to as high as $5.8, which would mark a new ATH.

Dark Defender assured that Wave 4 will end soon and that XRP will continue to reach its targets. The crypto analyst recently affirmed that the altcoin is the “one” and explained why it would dominate Bitcoin and Ethereum.

Crypto analyst CasiTrades also suggested that XRP could further decline before its next leg to the upside. She noted that after the drop to $2.27, the altcoin showed no bullish RSI divergence, which signaled that the drop wasn’t quite done yet.

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She added that the coin is now likely heading down to test the 0.618 golden retracement at $2.17, or possibly the golden pocket at $2.15 for a final low before “lift-off.” However, CasiTrades also mentioned that RSI is starting to build the bullish divergence and that the selling pressure is exhausting.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

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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