The crypto market is seeing a huge bullish trend today on December 7 with Bitcoin breaking through the $100,000 mark. Here are the major developments and price movements in the crypto space:
Alright, so let’s see in detail about Crypto Price today on December 7, 2024
Crypto Price Today on December 7, 2024
1. Bitcoin Price:
Bitcoin (BTC) price has surged to $100,101, up 3% in the last 24 hours. Its price range was between $97,138 and $101,902, with a market capitalization of around $1.98 trillion.
Also read: Bitcoin Price Drops 7% on 6th December after Hitting $100,000
2. Ethereum Price:
ETH was trading at the level of $4,000, which is by an approximate 4% since this writing. The 24h low and high reached at $3,831 and $4,087 levels respectively.
Also read: Binance Delists specific Crypto Tokens and Trading Pairs in December 2024
3. Ripple’s XRP Price:
XRP is up 6% to $2.428 after three consecutive days of decline. The market capitalization now is around $139 billion.
Also read: Will Coinbase Apple Pay Integration Simplify Your Crypto Transactions?
4. Solana Price:
Solana, or SOL, dropped 3% to $235, mainly due to the SEC’s rejection of its ETF filing.
Also read: Top 10 Crypto To Invest In 2025
Market Overview
The total cryptocurrency market capitalization has risen to around $3.67 trillion, but trading volume has decreased by 31%, which is now at $250 billion.
Meme Crypto Prices Today
The meme coin sector has mixed performance today:
- Dogecoin (DOGE): It is slightly up, with a price of $0.434, and 24-hour high of $0.44.
- Shiba Inu (SHIB): It is also minimally up, with a price of $0.0000307.
- Other meme coins such as PEPE, WIF, and BONK are down between 1% and 3% over the last 24 hours.
The overall sentiment in the meme coin market is a volatile one, with some coins up a little and others down.
Notable Gainers and Losers
Top Gainers:
- XDC Network: +36%, it is a top gainer trading at $0.1031. The market capitalization is at $1.55 billion
- MOG Coin: +24%, currently trading at $0.00000395 as it has plans to be listed on Coinbase soon. The market capitalization is at $1.54 billion.
- Hedera (HBAR): +19%, trading between $0.2767 and $0.3741. The market capitalization is at $13 billion.
Top Losers:
- Jupiter (JUP): -4%, trading at $1.33.
- Raydium (RAY): -3%, priced at $4.85 currently.
Market Sentiment
The sentiment in the crypto market is quite optimistic despite fluctuation in individual cryptocurrencies. The recent performance of Bitcoin and XRP indicates upward momentum; altcoins like Solana are negatively affected due to some regulatory setbacks.
Overall, today’s developments seem to represent a robust recovery phase for many cryptocurrencies, especially Bitcoin and XRP, but Solana continues its fight through regulatory hurdles.
(Source: Coingape)
