The cryptocurrency market is full of optimism as Bitcoin (BTC) consolidates near $95,000, and altcoins like Tron (TRX) and Reserve Rights (RSR) post huge gains.
Today’s crypto prices highlight a strong bullish trend, with the global market capitalization increasing by 1% to $3.54 trillion.
Major cryptocurrencies including Ethereum (ETH), Solana (SOL) and XRP are experiencing notable price movements, attracting investors eager to take advantage of this momentum.
Let’s look at the latest market updates and analyze the trends shaping December 4th.
Bitcoin (BTC) is hovering around $96,000
Bitcoin is trading at $95,900, with a 24-hour range of $93,629 to $96,669.
The market cap of the major cryptocurrencies stands at an impressive $1.9 trillion, supported by a trading volume of $70 billion.
However, its market dominance declined slightly to 54.11%.
Source: coinmarketcap
Ark and 21Shares sold $93 million worth of BTC on the institutional front, while Fidelity recorded inflows of $52 million, reflecting mixed sentiment.
Meanwhile, BlackRock’s ETF data is pending, increasing speculation among investors.
Additionally, Bitcoin mining giant Foundry reduced its workforce to streamline operations, signaling a focus on efficiency amid increased competition.
Tron (TRX) soared more than 70%
Tron has emerged as one of the biggest gainers, rising more than 70% in 24 hours to trade at $0.38.
Its market cap has reached $32 billion with a trading volume of $12 billion.
The rally has propelled Tron into the top 10 cryptocurrencies by market cap, indicating growing investor confidence.
Ethereum (ETH) up 1%
Ethereum is trading at $3,667, representing a modest increase of 1% over the last 24 hours.
Its market cap is $441 billion, trading volume has reached $40 billion.
Investments in Ethereum ETFs reached $67 million, driven primarily by a $73 million contribution from Fidelity.
Meanwhile, Solana rose 5% to $238, boosted by Grayscale’s filing with the SEC for a Solana ETF.
The move underscores institutional interest in the Solana blockchain ecosystem, which is gaining popularity due to its speed and scalability.
Reserved Rights (RSR) Rocket 55%
Reserve Rights made headlines with a stunning 55% gain to trade at $0.026.
This surge has come after those speculations Paul Atkins could potentially lead US SEC Under the incoming Trump administration, there was renewed interest in the token.
XRP falls 6% amid regulatory changes
XRP is trading at $2.55, which represents a decline of 6%.
Ripple’s legal battle continues to make headlines as Ripple’s lead lawyer Jorge Tenreiro has joined the SEC as lead litigation counsel.
This development could indicate stricter crypto regulations going forward.
Source: coinmarketcap
Meme coins show mixed performance
Various fluctuations were seen in the price of meme coins. Dogecoin (DOGE) fell 2% to $0.41, while Shiba Inu (SHIB) rose 3% to $0.00003015.
Other meme tokens including PEPE and WIF saw modest gains, while BONK slipped slightly.
Top Losers: Kaia and Flair Network
Kaia (KAIA) was the worst performer of the day, falling 17% to trade at $0.34. Similarly, Flare Network (FLR) fell 10% to close at $0.034.
Today’s market outlook suggests continued bullishness, with strong uptrends across major cryptocurrencies.
Investors are closely monitoring developments, regulatory changes, and institutional interest in Bitcoin ETFs to gauge the next big move in the crypto sector.
Post Crypto Market Snapshot, December 4: Bitcoin at $96K, Tron up 75% first appeared on Invez
