Altcoin
BTC Rebounds from $93K, SOL Rises 6%, JASMY Surges 36%
The cryptocurrency market experienced a flash crash today, with Bitcoin (BTC) plunging to $92,000 after reaching an all-time high of $103,000. Major altcoins, including Ethereum (ETH) and XRP, mirrored this trend, leading to significant liquidations across the market. Despite the downturn, Solana (SOL) emerged as the top gainer among the top 10 cryptocurrencies, rising 6% at the time of writing. JasmyCoin (JASMY) outperformed all, surging by an impressive 36%.
The global crypto market cap saw a slight decline, now at $3.57 trillion, while the overall trading volume surged 22% in the last 24 hours. The Fear and Greed Index, which reflects extreme greed at 81, highlights strong investor sentiment despite the volatility.
Here’s a brief overview of some leading cryptocurrencies by market cap and their prices today, December 6.
Cryptocurrency Market Today: BTC Crashes, ETH Climbs, and SOL Gains 6%
Bitcoin price today tanked considerably, touching a low of $91,998 in the past 24 hours. Over $649 million was liquidated as Bitcoin dropped below the critical $100,000 level. Major altcoins also followed a similar pattern, experiencing sharp volatility.
Bitcoin Price Today
Bitcoin (BTC) price was trading at $97,541 at the time of writing, reflecting a 4% decline in the last 24 hours. Its 24-hour high reached $103,900, while it has recorded a substantial 33% increase over the past month. The market cap is currently at $1.93 trillion, with $146 billion in trading volume in the past 24 hours. BTC’s market dominance has dropped slightly, now standing at 53.84%.
Institutional activity continues to influence market trends. SoSo Value reported BTC ETF outflows of $3.85 million on Thursday, while Fidelity purchased $47 million worth of Bitcoin. Grayscale sold $148 million in GBTC shares while acquiring $95 million worth of BTC ETFs through its Bitcoin Mini Trust. BlackRock’s data on BTC activity remains anticipated.
Meanwhile, contrasting opinions about Bitcoin’s future have emerged. Peter Schiff suggested that Bitcoin could potentially destroy the U.S. dollar, while Fed Chair Jerome Powell expressed a more cautious perspective, emphasizing a balanced view of cryptocurrency’s implications.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,859 at the time of writing, reflecting a 1% increase in the past 24 hours. The 24-hour low and high for ETH were $3,683 and $3,956, respectively.
Ethereum holds a market cap of $465 billion and has recorded a trading volume of $57 billion in the last 24 hours. Its market dominance stands at 13%, maintaining its position as the second-largest cryptocurrency by market cap.
XRP Price Today
XRP price was trading at $2.30, showing a 2% decline over the last 24 hours. Its 24-hour low and high were $2.23 and $2.48, respectively. XRP holds a market cap of $131 billion and recorded a trading volume of $17 billion, ranking it fourth among the top cryptocurrencies by market cap.
In other news, manufacturing company Worksport has announced plans to adopt Bitcoin and XRP for their corporate treasury. The company’s Board of Directors has already approved purchases of BTC and XRP, signaling a growing trend of institutional adoption in the cryptocurrency market today.
Solana Price Today
Solana (SOL) price was trading at $241, up by 6% in the past 24 hours. Its 24-hour low and high were $228 and $246, respectively. With a market cap of $228 billion and a trading volume of $9.41 billion in the last 24 hours, SOL maintains its position as the 5th largest cryptocurrency by market cap in the cryptocurrency market today.
Meme Cryptocurrency Market Today
The cryptocurrency market today saw a decline in meme coins. Dogecoin (DOGE) price dropped by 2%, trading at $0.43, while Shiba Inu (SHIB) also fell by 2%, priced at $0.00003079.
Despite the decline in top meme coins, other notable ones like PEPE, WIF, and Bonk showed slight gains. These coins increased by 1% to 4% in the past 24 hours, providing some positive movement in the meme coin segment.
Top Crypto Gainers Prices Today
JasmyCoin
JasmyCoin (JASMY) price was trading at $0.05225, marking a 36% gain in the past 24 hours. The 24-hour low and high for JASMY were $0.04173 and $0.05868, respectively, showing significant volatility.
In addition to its daily growth, JasmyCoin has seen extraordinary performance over the past week and month. It is up by 100% in the last week and an impressive 160% over the past month, positioning it as one of the top gainers in the cryptocurrency market today.
Worldcoin
Worldcoin (WLD) price was trading at $4, showing a 21% increase in the past 24 hours. Its 24-hour low and high were $3.20 and $4.17, respectively, reflecting notable price fluctuations.
dYdX (Native)
dYdX (DYDX) was up by 17%, trading at $2.11. Its 24-hour low and high were $1.75 and $2.163, respectively, showing notable price fluctuations. This surge reflected strong momentum for dYdX, making it a standout performer in the cryptocurrency market today.
Top Crypto Losers Prices Today
IOTA
IOTA price was down by 9% at the time of writing, trading at $0.4434. Its 24-hour low and high were $0.44 and $0.50, respectively, indicating some volatility. With a market cap of $1.57 billion, IOTA remains in the top 100 cryptocurrencies by market cap, despite its recent decline.
Algorand
Algorand (ALGO) price was down by 8%, trading at $0.453, making it the second top loser in the last 24 hours. Its 24-hour low and high were $0.44 and $0.49, respectively, reflecting the volatility in its price.
VeChain
VeChain (VET) price was down by 7%, trading at $0.06535 in the cryptocurrency market today. Its 24-hour low and high were $0.0641 and $0.0733, respectively, showing notable fluctuations in its price.
The hourly time frame charts are showing weak momentum across the cryptocurrency market today, with Bitcoin (BTC) down by 1%. Major altcoins are following a similar pattern, showing slight declines, while Ethereum (ETH) is up by 1% in the past hour.
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.
Litecoin whales have shaken the crypto market to its core on Saturday, embarking on a massive buying spree amid the latest ETF advancement. Renowned crypto analyst Ali Martinez revealed that these whales accumulated nearly 1 million tokens over the past two weeks. Investors are eyeing this as a highly bullish event, given that the market has also seen Canary Capital’s LTC ETF on the Depository Trust & Clearing Corporation (DTCC) recently.
Litecoin Whales Buy Heavily, Investors Bullish Amid ETF Development
According to an X post by Ali Martinez on February 22, Litecoin whales acquired 930,000 tokens in the past two weeks. This data reverberated substantial market optimism for the crypto, underscoring heightened buying pressure despite the broader market turbulence.
Notably, crypto whales are large-scale investors with considerable trading experience in the market. Their trade maneuver to accumulate coins surfaces as bullish news, underlining market confidence in the token’s potential to gain on the back of recent developments.
Canary Capital’s ETF Emerges On DTCC
The latest ETF development for the token has solidified hopes of an approval ahead. CoinGape reported that Canary’s LTC ETF appeared on the DTCC platform under the ticker LTCC this week. This saga has solidified investor bullishness as an exchange-traded product backed by the crypto may be available soon.
Also, renowned ETF analyst Eric Balchunas further anticipated that there is a 90% chance of approval in 2025. The Litecoin whale accumulations amid this bullish event have further boosted the coin’s market sentiment, indicating potential gains ahead.
LTC Price Eyes Rally?
However, despite the massive buying, LTC price tanked over 5% on Saturday, closing in at $128.13. The coin hit a bottom and peak of $123.93 and $139.86 in the past 24 hours. The weekly chart for the token also illustrated a 3% drop. This waning action primarily falls in with the broader crypto market volatility.
Nevertheless, renowned crypto trader Carl Moon took to X, revealing that a $143 price target looms for the token. As per Carl, LTC is forming a bullish flag on lower timeframes, signaling an uptrend ahead. The significant buying pressure brought by Litecoin whales further supports this bullish prediction.
Crypto market traders and investors thoroughly monitor the token, reflecting optimism amid recent ETF developments and strong whale support.
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.
Amidst the SEC’s positive approach to XRP exchange-traded funds (ETFs), anxiety is building around the potential resolution of the Ripple lawsuit. Notably, the recent settlement of the Coinbase case has fueled community optimism about a potential dismissal of the XRP lawsuit. According to legal expert Jeremy Hogan, a settlement in the Ripple vs. SEC case is possible as early as Q2 2025.
Will XRP Lawsuit be Settled by May 2025?
As the community awaits an imminent resolution in the XRP lawsuit, advocate Jeremy Hogan shared his insights. In an X post, Hogan stated that the Ripple vs. SEC case could witness a settlement by the first half of April or early May. However, he clarified that the prediction is merely his intuition and not based on any concrete evidence.
Hogan’s comments came in response to Good Morning Crypto host Johnny Krypto’s post. Addressing Hogan, Johnny Krypto shared a thread, seeking the lawyer’s opinion on the impending conclusion of the XRP lawsuit. The message read, “Do you think the XRP case can get dropped sooner than you originally thought or does May still feel right to you gut??
Coinbase Case Closure and XRP Lawsuit Settlement
In a surprising development, the US SEC agreed to drop the prolonged Coinbase lawsuit, marking a significant milestone in the crypto space. The move also highlights the SEC’s regulatory changes that visions the establishment of the US crypto environment.
Celebrating the significant development, Coinbase CEO Brian Armstrong posted on X that the platform reached an agreement with the SEC after “years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country.”
Meanwhile, Jeremy Hogan sees the Coinbase suit dismissal with prejudice as a strong win, as it permanently closes the case. He means that there is no room for the SEC to refile the case.
Notably, as per Hogan’s words, the SEC’s bold move suggests they’re not waiting for Commissioner Atkins’ confirmation to take decisive action on crypto regulation. This implies the SEC might make more crypto-friendly moves even before Atkins takes office, potentially indicating an imminent XRP lawsuit settlement.
SEC’s XRP ETF Acknowledgements Spark Enthusiasm
Over the last few days, the SEC has taken significant steps towards potentially approving XRP ETFs. Particularly, the SEC acknowledged XRP ETF applications submitted by multiple asset managers including Grayscale, 21Shares, CoinShares, Bitwise, and Canary Capital.
This optimistic move, coupled with the SEC’s decision to drop the Coinbase case, has sparked speculations of an early XRP lawsuit settlement. Previously, Jeremy Hogan posited that the XRP lawsuit conclusion could be possible before the SEC’s approval of an XRP ETF.
Although the SEC’s ETF nod doesn’t assure approval, it has fueled community optimism about a potential ETF launch and lawsuit dismissal. As per wider speculations, with the SEC recognizing XRP ETF applications, a lawsuit dismissal is now within reach.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
The Pi coin finally launched on the mainnet today, which has already led to predictions on how high the crypto could rise following the launch. Now, crypto analyst Gem Hunter has provided a bullish outlook for the coin, suggesting that it could even surpass the XRP price after it gets listed on Binance.
Pi Coin Could Surpass XRP Price After Binance Listing
Gem Hunter recently suggested that the Pi coin price could surpass the XRP price after a potential Binance listing. In an X post, the analyst noted that Pi network’s chart doesn’t look bad at all and hinted that the current price was the bottom.
The analyst further remarked that the Pi coin had recorded almost $1 billion trading volume in eight hours despite listing on only a few centralized exchanges (CEXs). Gem Hunter stated that the real fun will start when Binance and other top crypto exchanges list Pi. As such, he urged market participants to buy the dip and hold.
The analyst’s accompanying chart showed that the Pi coin price could rally to as high as $2.8 when Binance and these top exchanges potentially list the coin. A rally to this price level could put Pi above the XRP price, which is currently trading at around $2.6.
It is worth mentioning that Binance is currently running a community poll on whether it should list Pi. Most community members have voted for the top crypto exchange to list the coin. As such, there is the possibility that Binance could list the crypto at some point, which would provide some bullish momentum for its price.
The Pi network mainnet officially launched today. Consequently, the Pi coin also went live on several exchanges, including OKX, and reached an all-time high (ATH) of $2.2 before witnessing a price correction.
XRP Price Could Surge Before Then
Crypto analyst Dark Defender recently predicted that the XRP price could surge to $3 soon enough, a move which would see the crypto surpass the projected $2.8 level for Pi coin. According to the analyst, XRP will see a break towards $2.77 first and then towards $3 “within hours.”
Meanwhile, in his analysis of XRP in the 12-hour time frame, crypto analyst Egrag Crypto noted that the coin has bounced off the low edge of the ascending triangle, showing bullish momentum. The analyst stated that targeting $2.83 is the next bullish milestone for XRP.
Egrag Crypto further remarked that a bullish signal will occur when XRP closes above the $2.90 and $3.10 range with confirmation. He claimed this would turn this range into strong support for a bullish continuation and a major milestone from a structural perspective.
The XRP price is already up today thanks to bullish fundamentals such as the SEC’s acknowledgment of the XRP ETFs and Hashdex’s XRP ETF, which is set to launch in Brazil.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. 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 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.
Ethereum Rollback Debate Intensifies After Bybit Hack
US SEC Faces Backlash as Bybit Hack Highlights Lack of Oversight
Berachain (BERA) Falls 15% After Recent Rally Surge
Bitcoin Could Rebound to $100,000 Soon Despite Bearish Pressure
Myanmar Junta Leader’s Social Media Hijacaked for Crypto Fraud
Kanye West is Launching His Token Despite Past Criticism
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Ethereum24 hours agoExtremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867
-
Market23 hours agoPI Surges, CZ Comments, Safe Denies Breach
-
Regulation23 hours agoConsenSys Submits Letter to SEC on DeFi Rule Amendment Concerns
-
Market22 hours agoFARTCOIN, POPCAT Decline, BRETT Rallies
-
Market13 hours agoFTX Survey Shows Crypto ReInvestment and Possible Bias
-
Market20 hours agoXRP Whales Decline As Price Remains Consistently Below $3
-
Ethereum12 hours agoGrayscale’s Ethereum ETF On The Brink Of Major Change With NYSE’s Staking Proposal
-
Market18 hours agoFranklin Templeton Files For Solana Staking ETF
✓ Share: