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

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2 months ago

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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 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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VTHO Price Rockets 300% As Binance Reveals Support For VeThor Token

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15 minutes ago

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January 22, 2025

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VTHO price has skyrocketed 300% after Binance announced its support for VeThor Token. Simultaneously, the token’s trading volume also surged by an astonishing 86,000%, reaching $3 billion. This massive rally reflects the strong influence of the top crypto exchanges in the market and how the listing or any other positive developments impact the sentiments.

Notably, VTHO token is used as gas within the VeChainThor ecosystem, further driving the market’s enthusiasm.

VTHO Price Surge After Binance Announces Listing of Perpetual Contract

On January 22, Binance listing announcement showed that the exchange plans to list VTHOUSDT perpetual contract on its futures platform, offering a maximum leverage of 75x. This new trading option has caught the attention of traders, contributing to a massive spike in VTHO’s trading volume.

Meanwhile, VTHO is the secondary token in the VeChainThor ecosystem, primarily used as the gas for transactions within the network. This listing expands Binance’s support for the VeChainThor blockchain, enabling users to trade VTHO with increased leverage. The contract’s capped funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours, giving traders more flexibility.

Notably, the 75x leverage allows traders to maximize their exposure to VTHO price movements, further intensifying the market’s focus on the VeThor Token. The move by the top crypto exchange to offer such high leverage and favorable funding rates is a clear indication of its confidence in VTHO’s potential.

Binance’s Multi-Assets Mode and Trading Rules

Binance’s Multi-Assets Mode allows users to trade the VeThor token perpetual contract across multiple margin assets. This feature enables traders to use other cryptocurrencies, such as BTC, as collateral when trading VTHO contracts.

Multi-Assets Mode supports greater flexibility, giving users the ability to diversify their margin options for more efficient trading strategies. Recently, Binance expanded support for TRUMP and several other tokens, fueling optimism about future price movements.

The rules for Multi-Assets Mode include applicable haircuts on collateral, ensuring the safety of user assets. It is particularly useful for those who hold large amounts of various cryptocurrencies and wish to leverage them for high-leverage trading opportunities.

VeChain and VTHO Price Surge

VeChain (VET), the blockchain powering VTHO, has experienced notable growth, rising by 11% in the past 24 hours. VET price now trades at $0.05, and its market cap has reached $4.06 billion. This rise is attributed to VeChain’s increasing adoption and its partnerships with major corporations, including Walmart China and BMW.

VTHO price today jumped 320% and exchanged hands at $0.0087, indicating a growing interest in the VeChainThor ecosystem. With a market cap of $744 million, VTHO has seen an 86,000% increase in trading volume, reaching $3.11 billion. As the blockchain industry continues to innovate, VeChain’s supply chain solutions and VTHO’s integral role are poised for continued success.

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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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Shiba Inu Burn Rate Spikes 600% Indicating SHIB Breakout Ahead

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1 hour ago

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January 22, 2025

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In what comes as a bullish market event, the Shiba Inu burn rate skyrocketed 600% on Wednesday, sparking immense optimism among traders amid a broader sector recovery. Recent burn data indicated that over 3 million tokens were taken out of the meme coin’s circulating supply. As an upshot, crypto enthusiasts expect a massive SHIB breakout ahead, driven by supply reduction and the community’s recent advancements.

Shiba Inu Burn Rate Blows Over 600% Echoing Bullish Market Sentiments

According to the latest data by Shibburn, the Shiba Inu burn rate shot up nearly 613% on January 22, dealing a massive blow to the circulating supply. Per the data, the massive burn rate surge came against the backdrop of 3.24 million tokens sent to a null address, thus permanently removing them from the supply.

Shiba Inu Burn Rate Shiba Inu Burn Rate

For context, the SHIB burn mechanism is designed to reduce the crypto’s market supply, which many believe to be the reason behind the dog-themed meme coin’s broader sluggish performance. Thereby, with the abovementioned burn rate surge weighing in, traders and investors anticipate price gains for the crypto asset in light of the law of supply and demand.

Community Developments Add To Market Optimism

Further, a stockpile of ecosystem developments in recent days appears to have additionally bolstered the market sentiment for Shiba Inu amid its burn rate surge. CoinGape reported that SHIB lead developer Shytoshi Kusama stated a “big week” lies ahead for the meme token. This statement has sparked market-wide speculations of a looming advancement for the coin’s community.

Moreover, with American billionaire and investor Mark Cuban lauding SHIB’s potential recently, market watchers are extensively eyeing the crypto with bullish long-term views. Particularly in light of the community’s long-term goals and support, Cuban finds the meme coin to be one of the few promising projects in the sector. Overall, the Shiba Inu burn rate surge and these developments have solidified investors’ sentiments of a looming breakout, further driven by the recent pro-crypto Donald Trump frenzy.

What’s Next For SHIB?

At the time of reporting, SHIB price witnessed a 4% uptick in value, reaching $0.00002054. The coin’s 24-hour low and high were $0.00001983 and $0.00002127, respectively.

Notably, the coin rises alongside the intraday Shiba Inu burn rate surge and positive market sentiments building against the backdrop of Trump’s win and meme coin sector recovery. After a waning action yesterday, DOGE, PEPE, and TRUMP, among other meme coins, witnessed a remarkable upswing.

In light of this recovery-like trend, crypto enthusiast ‘VipRoseTr’ revealed on X that a $0.00004029 price target is ahead for the asset. Also, a recent Shiba Inu price analysis by CoinGape further cements the chances of a breakout approaching, as the coin showcases the potential to gain 100x this year.

Shiba Inu burn rate SHIB priceShiba Inu burn rate SHIB price
Source: Rose Premium Signals, X

This bullish prediction comes riding the back of strong market technicals and price patterns, flagging that a potential run to $0.00003340, followed by the March 4 high of $0.0000455, is possible. However, the $0.00001565 support remains extensively eyed by market watchers, given the crypto realm’s dynamic nature.

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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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World Liberty Financial On Tron Buying Spree, 100% TRX Price Rally Ahead?

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2 hours ago

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January 22, 2025

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Donald Trump’s DeFi project World Liberty Financial is on a Tron buying spree after loading up on Ethereum earlier this week. In the last few hours, the project spent a total of $2.65 million USDT stablecoin to load up its TRX holdings. As a result, the TRX price is seeing a strong 5.76% surge amid fresh buying interest for the altcoin.

World Liberty Financial Accumulates Tron (TRX)

World Liberty Financial, the Donald Trump-owned DeFi project, has been aggressively expanding its crypto holdings with fresh Tron purchases. Data from Arkham Intelligence shows that the project has recently spent 2.65M USDT to acquire 10.81M TRX.

Following the current acquisition, the DeFi project holds a total of 30.11M $TRX, valued at $7.38M. The latest purchase by the DeFi project comes following massive Ethereum purchases earlier this week.

Source: Arkham Intelligence

Additionally, on-chain data shows that World Liberty swapped 5,252 ETH, worth 17.43M, for stETH, and later staked it with Lido Finance. Over the past three days, the fund has invested a total of $168.4M in six tokens.

This includes $99.95M in Ethereum, $47M of WBTC, $7.35M in Tron (TRX), and another $4.7M each in AAVE, ENA, and LINK. Interestingly, World Liberty Financial has increased its positions in every token except ONDO, reported Spot on Chain.

World Liberty Financial on Tron Buying Spree, 100% TRX Price Rally Ahead?World Liberty Financial on Tron Buying Spree, 100% TRX Price Rally Ahead?
Source: Spot On Chain

Justin Sun Celebrates the Development

Tron founder Justin Sun celebrated this development while making big investment promises moving ahead. In his message on the X platform, Sun noted:

“Bought again! TRON has now become the 3rd largest asset held by World Liberty Financial, the president’s crypto project, with a current holding of $7.3 million TRX”.

Furthermore, Sun made big investment promises while commenting on Eric Trump’s post. Earlier today, Eric Trump noted that there’s no better time to invest in the United States and invest across sectors like technology, innovation, and crypto. Responding to this Sun said:

“Fully agreed! We have an outstanding plan that will bring over $200 billion worth of business to the United States. This will be massive and meaningful!”

Tron founder Justin Sun is himself one of the early investors in World Liberty Financial. Earlier this week, he expanded his investments into the DeFi project by acquiring WLFI tokens and taking total investments to $75 million.

TRX Price to Rally 100% From Here?

As of press time, the Tron price is trading 5.7% up at $0.251. As per the Coinglass data, the Tron futures open interest is up 14% to $258 million hinting bullish sentiment among traders.

The TRX price has been trading within a broad descending channel for the past several weeks, following a sharp rally to $0.45 in December. This price action has resulted in several swing highs and lows, indicating a battle between buyers and sellers.

On the RSI, there is a hint of a potential bullish divergence. A falling wedge pattern is emerging, suggesting a possible upside breakout. Additionally, Fibonacci retracement levels point to a potential move toward $0.30 at the 0.50 RSI level and $0.33 at the 0.382 RSI level. In his recent analysis, crypto analyst AMCrypto stated that the TRX price could reach as high as $0.50 by the end of Q1.

Source: TradingView

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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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