The cryptocurrency market is seeing bullish momentum as Bitcoin (BTC) moves closer to the $100K milestone, while altcoins like XRP and Hedera (HBAR) have recorded surprise gains.
Over the past 24 hours, XRP surged 30%, reclaiming its position as the third-largest cryptocurrency by market cap, while Hedera surged 44%, making it the top gainer.
With the global crypto market capitalization exceeding $3.49 trillion and trading volumes growing rapidly, investors remain optimistic about the market momentum.
Here is a detailed breakdown of today’s major crypto price movements and trends.
Bitcoin is moving towards $100,000
Bitcoin (BTC) continues to climb and is trading at $96,200, up 2% in the last 24 hours.
The leading cryptocurrency fluctuated between $96,253 and $98,152, reflecting continued interest from investors. The market capitalization of BTC is $1.93 trillion, which is 55.4% of the total market.
However, Bitcoin’s dominance has diminished slightly as altcoins have gained more attention.
Source: coinmarketcap
XRP rises 30%, takes third place by market cap
XRP has emerged as the star performer, rising 30% to $2.42, with a daily range between $1.85 and $2.49.
This remarkable rally has taken XRP’s market cap to $137 billion, surpassing Tether and Solana.
XRP now has 4% market dominance, indicating its growing influence in the crypto ecosystem.
Hedera leads with 44% gain
Hedera (HBAR) recorded the biggest gains among cryptocurrencies, rising 44% to $0.25.
The altcoin’s 24-hour low and high were $0.16 and $0.24, respectively.
Analysts predict further upside for HBAR, with some predicting a potential rally of 192% soon.
Hedera’s rapid growth underlines the growing confidence in its blockchain technology and market potential.
Source: coinmarketcap
Ethereum and Solana saw slight gains
Ethereum (ETH) is up 2% to trade at $3,751, taking its market cap to $452 billion.
ETH’s trading range for the day was $3,679 to $3,761, indicating steady growth.
On the other hand, Solana (SOL) saw a slight decline of 1% and was trading at $234.
Despite minor fluctuations, Solana has maintained a strong position in the market with a market cap of $111 billion.
Its trading volume of $3.91 billion highlights investors’ continued interest.
Meme coins are rebounding with significant gains
Meme coins are back in the spotlight, with Dogecoin (DOGE) and Shiba Inu (SHIB) recording impressive gains.
DOGE was up 8% to trade at $0.45, while SHIB climbed to $0.00003108.
Other meme tokens like PEPE and BONK also recorded gains of between 3% and 8%, reflecting renewed interest among retail investors.
Top Losers: Core and Athena face setbacks
Not all cryptocurrencies were riding the bullish wave.
Core (CORE) fell 12% to $1.57, while Athena (ENA) fell 6% to trade at $0.82.
These declines highlight the mixed performance of some altcoins amid the overall bullish market trend.
The Fear and Greed Index is at 82, indicating excessive greed as investors flock to the market.
Global crypto market cap rose 3%, while trading volume rose 10% to $170 billion.
Analysts attributed the bullish momentum to strong altcoin performance and Bitcoin reaching the psychological level of $100K.
As the market remains optimistic, all eyes are on whether Bitcoin can break the $100,000 barrier and whether altcoins can maintain their rally. The coming days will likely set the tone for the next phase of crypto market development.
Post Crypto Market Snapshot December 2: BTC at $96K as market rallies with double-digit gains of XRP and Hedera first appeared on Invez
