2 weeks Ago
Crypto Price Today - The cryptocurrency market experienced significant activity on December 3, 2024, with standout performances among leading assets like Bitcoin, Ethereum, and Ripple. While some coins saw positive momentum, others faced corrections. Below is a detailed analysis of the market's movements.
Bitcoin (BTC) Price: $96,111.12 24-Hour Change: -0.55% 7-Day Change: +1.
82% Bitcoin showed slight downward movement, losing 0.55% over the past 24 hours. The 7-day performance, however, remained positive with a gain of 1.
82%. Trading volumes remained steady as Bitcoin continued to consolidate near the $96,000 mark. The technical chart indicates that Bitcoin faced resistance near $96,500, while strong support was observed around $95,000.
A breakout above $96,500 could signal further upside potential. Ethereum (ETH) Price: $3,656.80 24-Hour Change: -1.
05% 7-Day Change: +6.69% Ethereum experienced a slight dip of 1.05% in the last 24 hours but maintained a strong 7-day gain of 6.
69%. Its price hovered around $3,650, showing resilience despite minor corrections. The technical chart highlighted key resistance near $3,700 and support levels at $3,600.
Ethereum's increasing adoption in decentralized applications (dApps) and staking activity likely contributed to its recent rally. Ripple (XRP) Price: $2.73 24-Hour Change: +10.
56% 7-Day Change: +88.02% Ripple led the market rally, surging 10.56% in the last 24 hours and an impressive 88.
02% over the week. The asset reached its highest market cap in seven years after news emerged about the potential approval of its RLUSD stablecoin by the New York Department of Financial Services. The announcement, expected on December 4, sparked significant buying interest, pushing Ripple's price to $2.
73. Technical indicators showed strong bullish momentum, with support near $2.50 and resistance at $2.
80. Polkadot (DOT) Price: $10.05 24-Hour Change: +10.
46% 7-Day Change: +19.33% Polkadot gained 10.46% in the past 24 hours, reaching $10.
05, and recorded a weekly increase of 19.33%. The coin's performance reflected growing interest in its ecosystem, particularly in cross-chain interoperability projects.
Solana (SOL) Price: $228.18 24-Hour Change: -0.30% 7-Day Change: -4.
09% Solana remained relatively stable, with a marginal loss of 0.30% over the past 24 hours. However, the 7-day performance showed a 4.
09% decline, indicating mild selling pressure. Solana’s high-speed transaction capabilities continued to attract developers, but the recent dip suggested cautious sentiment among investors. Key support was seen at $225, while resistance hovered around $235.
Shiba Inu (SHIB) Price: $0.00002956 24-Hour Change: -1.50% 7-Day Change: +17.
25% Shiba Inu faced a minor correction of 1.50% in the last 24 hours but remained up by 17.25% over the week.
The memecoin's volatility continued to attract speculative traders, with its price stabilizing near $0.00002956. Support was identified at $0.
00002900, while resistance was observed at $0.00003000. Biggest Gainers Price: $0.
3696 24-Hour Change: +51.82% Hedera saw the highest gain among cryptocurrencies, rising by over 50% in a single day. This spike was driven by increased adoption of its enterprise-grade distributed ledger technology.
Price: $0.3803 24-Hour Change: +38.10% Kaia gained significant attention for its advancements in decentralized finance (DeFi) solutions, leading to a sharp price increase.
Price: $0.4675 24-Hour Change: +36.50% IOTA experienced a surge due to its growing use in IoT-based applications and strategic partnerships announced over the weekend.
Biggest Losers Price: $0.4235 24-Hour Change: -3.67% Dogecoin struggled to maintain its recent highs, dropping 3.
67% over the past day. The memecoin’s speculative nature made it susceptible to profit-taking. Price: $1.
10 24-Hour Change: -4.59% AIOZ Network faced selling pressure as its ecosystem updates failed to meet market expectations, leading to a 4.59% decline.
Market Trends and Insights The cryptocurrency market continued to display diverse trends, with major coins like Bitcoin and Ethereum consolidating while altcoins like XRP and Polkadot experienced significant gains. Ripple's performance stood out as it rallied on optimism surrounding regulatory developments. Meanwhile, Hedera and IOTA gained traction due to their innovative use cases and growing ecosystems.
The cryptocurrency market on December 3, 2024, showcased a mix of consolidation and strong bullish moves. XRP emerged as the star performer, driven by regulatory optimism, while Bitcoin and Ethereum maintained steady momentum. Altcoins like Polkadot and Hedera demonstrated notable gains, indicating growing investor interest in emerging projects.
With the market showing signs of stabilization, traders and investors are keeping a close eye on key resistance and support levels. As the year-end approaches, market dynamics are expected to remain active, providing opportunities for both short-term gains and long-term investments..
