Bitcoin surged above $100,000, XDC rose 36%, and Solana fell 3% after the SEC rejection. Check the latest cryptocurrency prices today.
Today, the cryptocurrency market is bullish, with Bitcoin (BTC) surging above $100,000, and cryptocurrency prices showing strong momentum today. Previously, BTC had experienced a turbulent period, falling to $92,000 after hitting a new all-time high.
Ripple's XRP rose 6% after three consecutive days of declines. Meanwhile, the XDC Network became the biggest gainer, with its price increasing by 36%.
The cryptocurrency market is up over 2%, with a total market capitalization of $3.67 trillion. However, trading volume has decreased by 31% to $250 billion.
Here is a brief overview of the top cryptocurrencies by market capitalization and their price movements as of December 7th.
Cryptocurrency Prices Today: BTC, ETH, SOL, and XRP
After Bitcoin rebounded to $100,000, the cryptocurrency market has shown strong momentum. Over the past 24 hours, major Altcoins have generally exhibited positive trends, except for Solana, which declined by 3%. Top meme coins have also ridden the bullish wave, with gains ranging from 1% to 4% during the same period. The overall market sentiment appears optimistic, with several cryptocurrencies exhibiting an upward trend.
Bitcoin Price Today
The price of Bitcoin (BTC) is trading at $99,395, up 3% in the past 24 hours. Its 24-hour low and high were $97,138 and $101,902, respectively. Bitcoin's market capitalization is $1.98 trillion, with a trading volume of $86 billion, and a market dominance of 53.87%.
According to data from SoSo Value, the Bitcoin ETF market has seen significant inflows, with $119 million added on Friday, although BlackRock's data is still pending. Fidelity has injected $120 million into the BTC ETF, while Ark Invest and 21Shares have recorded a combined inflow of $24 million.
Furthermore, the rise in Bitcoin's price has also driven an increase in demand, putting pressure on mining activities. This surge has also led to increased energy consumption by the national grid to sustain mining operations.
Ethereum Price Today
The price of ETH is trading at $3,991, up approximately 4% as of the time of writing. Its 24-hour low and high were $3,831 and $4,087, respectively. Ethereum's market capitalization is $480 billion, with a trading volume of $50 billion. It remains the second-largest cryptocurrency, with a market dominance of 13.11%.
The inflow of funds into ETH ETFs was $49 million, with $47 million coming from Fidelity Investments. Bitwise has purchased $13 million of the ETF, while BlackRock's data is still pending.
In other important news, Galaxy Research discussed the increasingly heated debate within the Ethereum community about whether to increase or decrease the Ethereum gas limit. This discussion has been a focus of many, and Galaxy Research provided valuable insights.
XRP Price Today
The price of XRP is trading at $2.421, with a 24-hour high of $2.497. It has increased by 6% over the past 24 hours, making it one of the top-performing cryptocurrencies among the top 10. XRP's market capitalization is $139 billion, with a trading volume of $14 billion. It remains the third-largest cryptocurrency by market capitalization.
Additionally, cryptocurrency analyst Justin Bennett predicts that XRP's price may rise to $3 as whales transfer $47 million to the Bitstamp exchange, potentially signaling a bullish trend for XRP in the coming days.
Solana Price Today
Solana (SOL) is priced at $235, down 3% from the past 24 hours. Its 24-hour low and high were $231 and $242, respectively. Solana's market capitalization is $111 billion, with a trading volume of $5.42 billion.
The price decline is attributed to the U.S. Securities and Exchange Commission's rejection of the Solana ETF application. This news has impacted the cryptocurrency, leading to a recent decline in its value.
Meme Crypto Prices Today
The leading meme coin Dogecoin (DOGE) has slightly increased in price, trading at $0.434, with a 24-hour high of $0.44. Shiba Inu (SHIB) has also seen a minor uptick, trading at $0.0000307. Other meme coins, such as PEPE, WIF, and BONK, have declined by 1% to 3% over the past 24 hours. The overall sentiment in the meme coin market is mixed, with some coins experiencing slight gains, while others have declined. Today's cryptocurrency prices reflect the continued volatility in the meme coin market.
Highest Gainers in Cryptocurrency Prices Today
XDC Network
The price of XDC has increased by 36% in the past 24 hours, trading at $0.1031. Its 24-hour low and high were $0.07522 and $0.1037, respectively. XDC's market capitalization is $1.55 billion, reflecting its significant growth during this period. Today's cryptocurrency prices highlight the strong performance of XDC, as it continues to garner market attention.
Mogul
The price of MOG has increased by 24%, trading at $0.00000395. Its 24-hour high was $0.00000401 USDT. MOG's market capitalization is $1.54 billion, reflecting its strong performance over the past 24 hours. The price increase is attributed to Coinbase's announcement of an upcoming listing plan, which has generated positive market sentiment.
Hedera
As of the time of writing, the price of HBAR has increased by 19%, with a 24-hour low of $0.2767 and a high of $0.3741. Its market capitalization is $13 billion. Today's cryptocurrency prices reflect the strong performance of HBAR, as it continues to exhibit significant gains in the market.
Biggest Losers in Cryptocurrency Prices Today
Jupiter
The price of Jupiter (JUP) is the worst performer among the top 100 tokens, declining by 4% in the past 24 hours. Its trading price is $1.34, with a 24-hour low of $1.30 and a high of $1.394.
Raydium
The price of RAY has declined by 3%, trading at $4.86. Its 24-hour low and high were $4.801 and $5.096, respectively. Today's cryptocurrency prices show a slight decrease in the value of RAY during this period.
The hourly chart shows a bearish trend within a 1-hour timeframe, with Bitcoin declining by 1%. Major Altcoins have followed a similar pattern, reflecting a slight overall market decline. Due to short-term market pressures, today's cryptocurrency prices indicate a temporary downward trend.
