Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained above the $38,000 mark early Friday. Popular altcoins including Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) saw minor gains. The biggest gainer was Celestia (TIA), with a 24-hour jump of over 15 percent. IOTA, which saw a gain of 43 percent yesterday, became the biggest loser on Friday, with a 24-hour dip of nearly 8 percent.
The global crypto market cap stood at $1.44 trillion at the time of writing, registering a 24-hour jump of 0.86 percent.
Crypto Prices Today
Bitcoin (BTC)
Price: $38,005.17
24-hour change: 0.06 percent
Price in India (WazirX): Rs 33.28 lakh
Ethereum (ETH)
Price: $2,090.50
24-hour change: 2.49 percent
Price in India (WazirX): Rs 1.83 lakh
Dogecoin (DOGE)
Price: $0.08389
24-hour change: 2.96 percent
Price in India (WazirX): Rs 7.35
Litecoin (LTC)
Price: $70.07
24-hour change: 0.09 percent
Price in India (WazirX): Rs 6,150
Ripple (XRP)
Price: $0.6104
24-hour change: 0.32 percent
Price in India (WazirX): Rs 53.20
Solana (SOL)
Price: $60.76
24-hour change: 0.37 percent
Price in India (WazirX): Rs 5,210
Top Crypto Gainers Today (December 1)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Celestia (TIA)
Price: $6.94
24-hour gain: 15.42 percent
Render (RNDR)
Price: $3.54
24-hour gain: 8.64 percent
Helium (HNT)
Price: $3.12
24-hour gain: 7.95 percent
Polkadot (DOT)
Price: $5.48
24-hour gain: 6.44 percent
Sei (SEI)
Price: $0.2562
24-hour gain: 6.13 percent
Top Crypto Losers Today (December 1)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
IOTA (IOTA)
Price: $0.2339
24-hour loss: 7.96 percent
Terra Classic (LUNC)
Price: $0.0001198
24-hour loss: 4.35 percent
dYdX (ETHDYDX)
Price: $3.09
24-hour loss: 2.99 percent
KuCoin Token (KCS)
Price: $8
24-hour loss: 2.24 percent
Stacks (STX)
Price: $0.7033
24-hour loss: 1.43 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is presently trading near the $38,000 level, possibly due to MicroStrategy’s (MSTR) acquisition of nearly 16,130 BTC, valued at approximately $608 million in November. This development has instilled a positive sentiment among market participants, leading to an upward push in prices and fostering a bullish market atmosphere. Meanwhile, the US SEC has requested public comments on Fidelity’s spot Ether ETF application. Ethereum, on the other hand, remains range-bound, fluctuating between the $2,000 and $2,100 levels.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “After ending November with gains of 10 percent, Bitcoin (BTC, +0.5 percent) has been trading rangebound since yesterday. The buying pressure on BTC continues to surpass the selling pressure, suggesting that investors’ confidence is sustained and optimistic. Additionally, institutional participation continues to rise, with the latest being MicroStrategy’s 10 percent increase of its BTC holding, translating into approx. $600 million worth of BTC. MicroStrategy’s total BTC holdings include over 174k BTCs worth over $5.2 billion. While key narratives involving the suspected approval of spot BTC ETF applications in the pipeline are sustaining investor sentiments, any new developments within the space can determine BTC’s future performance.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “US Deputy Treasury Secretary Wally Adeyemo issued a strong warning to cryptocurrency firms, stressing the need to curtail illicit financial activities for national security. The Biden administration is seeking to strengthen legislative authority to monitor crypto exchanges. Regulatory focus is intensifying following sanctions on the Gaza-based crypto exchange and the resignation of Binance’s CEO over anti-money laundering violations. Meanwhile, “Rich Dad Poor Dad” author Robert Kiyosaki supports Bitcoin ETFs amid fears of a global economic downturn and criticising fiat currency strategies.
Bitcoin shows a 0.51 percent uptick at $37,911, facing resistance at $38,610, $39,250 and $39,800. Key support levels: $36,935, $36,375 and $35,740. Technical indicators suggest a cautious upside with a potential upside move if the ascending channel pattern holds.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
