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Bitcoin Back to $100K, XRP Up 6%, XDC Jumps 36%

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Today, the cryptocurrency market is bullish, with Bitcoin (BTC) surging above the $100,000 mark, as crypto prices today show strong momentum. This follows a volatile period where BTC had dropped to $92,000 after its all-time high.

Ripple’s XRP has gained 6% after three consecutive days of downward movement. Meanwhile, XDC Network has emerged as the top gainer, with an impressive 36% jump in its price.

The crypto market rose by over 2%, bringing its total market capitalization to $3.67 trillion. However, trading volume has decreased by 31%, standing at $250 billion.

Here is a quick overview of the top cryptocurrencies by market capitalization and their price movements for today, December 7.

Crypto Prices Today: BTC, ETH, SOL, and XRP

The crypto market is gaining momentum after Bitcoin surged back to $100,000. Major altcoins have shown positive movement in the last 24 hours, except for Solana, which is down by 3%. Top meme coins are also riding the bullish wave, recording gains between 1% and 4% during the same period. The market’s overall sentiment appears optimistic, with several cryptocurrencies experiencing upward trends.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $100,101, marking a 3% increase in the last 24 hours. Its 24-hour low and high were $97,138 and $101,902, respectively. Bitcoin’s market capitalization stood at $1.98 trillion, with a trading volume of $86 billion and a market dominance of 53.87%.

As per SoSo Value, the Bitcoin ETF market had seen significant inflows, with $119 million added on Friday, although BlackRock’s data was still awaited. Fidelity had contributed $120 million to BTC ETFs, while Ark Invest and 21Shares collectively recorded $24 million in inflows.

Additionally, the rising Bitcoin price has driven increased demand, creating pressure on mining activities. This surge has also led to heightened energy consumption from national grids to sustain mining operations.

Ethereum Price Today

ETH price was trading at $4,000, marking an approximate 4% increase at the time of writing. Its 24-hour low and high were $3,831 and $4,087, respectively. Ethereum’s market capitalization stood at $480 billion, with a trading volume of $50 billion. It remained the second-largest cryptocurrency, with a market dominance of 13.11%.

The ETH ETF had seen an inflow of $49 million, with $47 million coming from Fidelity Investments. Bitwise had bought $13 million of the ETF, while BlackRock’s data was still pending.

In other important news, Galaxy Research addressed the growing debate within the Ethereum community on whether to increase or decrease the Ethereum gas limit. This discussion has been a focal point for many, with Galaxy Research offering valuable insights.

XRP Price Today

XRP price was trading at $2.428, with a 24-hour high of $2.497. It was up by 6% in the last 24 hours, making it one of the top gainers among the top 10 cryptocurrencies. XRP’s market capitalization stood at $139 billion, with a trading volume of $14 billion. It remained the third-largest cryptocurrency by market cap.

Moreover, crypto analyst Justin Bennett predicted that the XRP price could rally to $3 as a whale moved $47 million to the Bitstamp exchange. This development could signal potential upward momentum for XRP in the coming days.

Solana Price Today

Solana (SOL) price was trading at $235, down by 3% from the last 24 hours. Its 24-hour low and high were $231 and $242, respectively. Solana’s market capitalization stood at $111 billion, with a trading volume of $5.42 billion.

The price decline was attributed to the SEC’s rejection of Solana ETF filing. This news hurt the cryptocurrency, leading to its recent drop in value.

Meme Crypto Prices Today

The top meme coin Dogecoin (DOGE) price was slightly up from yesterday, trading at $0.434 with a 24-hour high of $0.44. Shiba Inu (SHIB) was also minimally up, trading at $0.0000307. Other meme coins like PEPE, WIF, and BONK were down by 1% to 3% in the last 24 hours. The overall sentiment in the meme coin market showed mixed performance, with some coins experiencing slight gains while others faced declines. Crypto prices today reflect the ongoing volatility in the meme coin market.

Top Crypto Gainer Prices Today

XDC Network

XDC price was the top gainer in the last 24 hours, with a 36% increase, trading at $0.1031. Its 24-hour low and high were $0.07522 and $0.1037, respectively. XDC’s market capitalization stood at $1.55 billion, reflecting significant growth during this period. Crypto prices today highlight XDC’s strong performance as it continues to attract attention in the market.

Mog Coin

MOG price was up by 24%, trading at $0.00000395. Its 24-hour high was $0.00000401 USDT. MOG’s market capitalization stood at $1.54 billion, reflecting a strong performance in the last 24 hours. The price jump is attributed to the announcement of upcoming listing plans on Coinbase, which has generated positive market sentiment.

Hedera

HBAR price was up by 19% at the time of writing, with a 24-hour low of $0.2767 and a high of $0.3741. Its market capitalization stood at $13 billion. Crypto prices today reflect HBAR’s strong performance, continuing to show significant gains in the market.

Top Crypto Loser Prices Today

Jupiter

Jupiter (JUP) price was the worst performer in the top 100 coins, down by 4% in the last 24 hours. It was trading at $1.33, with a 24-hour low of $1.30 and a high of $1.394.

Raydium

RAY price was down by 3%, trading at $4.85. Its 24-hour low and high were $4.801 and $5.096, respectively. Crypto prices today show a slight decline in RAY’s value during this period.

The hourly chart is showing a bearish trend in the 1-hour time frame, with Bitcoin down by 1%. Major altcoins are also following a similar pattern, reflecting a slight downturn across the market. Crypto prices today indicate a temporary decline as the market experiences short-term pressure.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Is Ethena Price At Risk? Trump’s World Liberty Financial Sells 184K ENA Sparking Concerns

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Despite Ethena price extending weekly gains to over 7% this Tuesday, Donald Trump’s World Liberty Financial has rattled the crypto market with its ENA selloff spree. On-chain statistics indicated that Trump’s World Liberty sold a whopping 184,000 tokens intraday, reverberating a bearish sentiment among crypto traders and investors globally.

In the wake of massive token unlocks and a dump by a market maker previously, the synthetic dollar protocol built on Ethereum already remains subject to volatility. Now, market watchers bearishly speculate over the asset’s future trajectory due to rising selling pressure.

Is Ethena Price Bracing For Heat Amid Trump’s World Liberty’s Selloff?

Usual market sentiments remain highly negative in light of heightened selling pressure on cryptocurrencies. The latest data from Arkham Intelligence indicated that World Liberty Financial sold 184,000 ENA for $69K over the past day. This selloff chronicle sparked concerns over Ethena price action’s long-term prospects, underlining a spike in selling pressure and WLFI’s loss of interest in the asset amid broader trends.

Notably, the Trump family-backed firm purchased 11 tokens earlier, including the one mentioned above, via its WLFI sale funds. Intriguingly, since most of these assets were soon shifted to Coinbase Prime, the market had an unclear view of selloff transactions.

However, a part of ENA holdings was transferred to the ‘0x76a’ custodial wallet address. This wallet address shifted 180,000 tokens to the address ‘0x77a.’ Subsequently, this address then sold the amount received for WBTC, per the data.

Overall, this transactional process gained significant traction, whilst market watchers speculate whether further token selloffs are also incoming. The synthetic dollar protocol on Ethereum remains bearishly eyed by investors, attributed to this saga.

Factors Fueling More Heat For Ethena Price

Simultaneously, a couple of other aspects propel an unsure investor sentiment about future price movements. CoinGape reported that the market maker Amber Group recently offloaded $10 million ENA to Binance. The rising exchange supply solidified bearish market sentiments over the asset’s future potential.

On the other hand, recent ENA token unlocks have also ushered in price volatility. While March saw over 2 billion coins unlocked and added to the crypto’s supply, April comes as another hurdle. Reportedly, over 200 million coins are set to unlock on April 2 and 5 collectively. In turn, traders and investors remain cautious over future Ethena price movements.

It’s noteworthy that World Liberty Financial’s massive selloff potentially aligns with the past and looming unlocks in an effort to mitigate losses.

What’s Next?

As of press time, ENA price witnessed a nearly 1% jump in value, reaching $0.3989. The crypto hit a low and a peak of $0.3883 and $0.4098 intraday. Despite the selloffs and massive token unlocks, the weekly chart showed a 7% upswing, underling a resilient movement. However, the monthly chart showed a 10% slump, adding to speculations.

Crypto market traders are currently uncertain about the asset’s performance ahead as broader trends indicate that volatility looms, whilst the price chart shows resilience. Besides, Ethena price prediction by CoinGape shows that bears remain dominant, as per the 3-month bias indicator. Nevertheless, renowned market trader Byzantine General took to X, projecting an optimistic outlook for the synthetic dollar protocol crypto.

Ethena PriceEthena Price
Source: Byzantine General, X

The trader revealed that the crypto’s funding rate isn’t negative anymore, suggesting a bullish movement looms. Further, ENA got heavily shorted primarily due to its massive token unlocks, but the heat has now cooled down, per the analyst. Nevertheless, despite positive reaffirmation by renowned traders, it remains vital to gauge in broader aspects that underscore volatility is possible.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Brad Garlinghouse Discusses Ripple’s Future, Crypto Legislation & Blockchain Technology As Lawsuit Ends

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Ripple CEO Brad Garlinghouse recently discussed what is next for his firm and how crypto legislation could also positively impact the crypto industry’s trajectory and the future of blockchain technology. This comes just days after the US SEC agreed to drop the long-running Ripple lawsuit.

Ripple CEO Brad Garlinghouse Reveals What As SEC Drops Lawsuit

In a FOX Business interview, Brad Garlinghouse discussed what next for his firm following the SEC’s decision to drop the Ripple lawsuit. He noted that about 95% of the company’s customers are overseas, as the lawsuit hindered their US operations.

However, he suggested that will likely change moving forward as they grow their operations in the country. Garlinghouse remarked that they have already been witnessing domestic interest since US President Donald Trump took office. The Ripple CEO revealed they have signed more deals since then than in the six months preceding Trump’s inauguration.

The company is expected to grow further in the US after the SEC agreed to drop the Ripple lawsuit. Brad Garlinghouse predicts that his firm’s innovative technology will play out over the next ten to twenty years in terms of how it integrates and rewires the US financial structure in terms of payments, real estate, and securities transactions.

The Ripple CEO again took time to highlight how Trump’s crypto-related executive orders, especially the creation of the Strategic Bitcoin Reserve and Digital Asset Stockpile, have created a more friendly environment for crypto firms in the US.

He noted that financial institutions are now more open to crypto technology. As CoinGape reported, the OCC has cleared Federal Banks to engage in crypto activities.

On Stablecoin Legislation & Its Impact

Brad Garlinghouse commended the efforts of legislators like Senator Cynthia Lummis and Rep French Hill to provide regulatory clarity. These lawmakers are championing the market structure and stablecoin bills to create a regulatory framework that will guide crypto firms. Senator Lummis also recently reintroduced the Bitcoin Act to codify Trump’s vision of a Strategic Bitcoin Reserve.

The Ripple CEO welcomed the idea of regulatory clarity, stating that it would reassure customers that they can engage with them in good faith. He remarked that these customers would feel more comfortable using their technologies without fear of regulators attacking them. Garlinghouse added that this would also enable more job creation, innovation, and capital formation in the US.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Predict XRP Price Could Hit $77 in This Bull Cycle

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A market analyst has presented a bold projection for XRP price movement, suggesting it could reach as high as $77.7 during the ongoing bull market cycle. This prediction is based on the application of advanced technical tools, including Exponential Fibonacci models and Elliott Wave theory, which are often used to forecast long-term price trends in financial markets. 

According to the analyst, conventional linear models fail to capture the compounding nature of crypto price movements, especially during the upcoming altcoin rally.

XRP Price Prediction: Analyst Says $77 Target Possible in Current Bull Cycle

Crypto analyst Dark Defender revealed XRP price could climb to $77.7 during the current market cycle. The forecast is based on the use of Exponential Fibonacci levels, a method he claims is underused in crypto market analysis. He explains that standard linear projections do not reflect the actual growth patterns often observed during accelerated market conditions.

Dark Defender outlines a five-wave impulse structure based on Elliott Wave theory. In his analysis, Wave 3 is positioned as the most explosive part of the cycle. He suggests that the top altcoin rally may first move between $5 and $8 during this wave. A further push toward $18 to $23 is anticipated before the final wave.

Wave 5, the final leg in the structure, is projected to carry XRP price into three-digit levels. His analysis sets the upper range at approximately $77.7, based on the extended Fibonacci measurements. This would mark a substantial increase from current levels and surpass previous highs.

XRP priceXRP price
Source: X

Technical Indicators and Chart Patterns Supporting the Outlook

Dark Defender’s projection includes a review of multiple technical indicators. He references Relative Strength Index (RSI) trends and momentum indicators as supporting factors in his analysis. These tools suggest continued bullish pressure, especially on higher time frames like the monthly chart.

Volume clusters are another factor he incorporates. According to the chart data, strong accumulation zones have formed, typically supporting future crypto rallies. He also notes that current price movements mirror those of previous bull runs, reinforcing the idea of an upcoming altcoin rally.

Chart structures from earlier cycles show similar formations that preceded large price expansions. These historical similarities, momentum signals, and volume behavior form the basis of his extended projection for the XRP price.

Meanwhile, another more bullish analysis projects the Ripple token could cross $1,000 if the partnership with SWIFT leads to the global adoption of XRP for real-time liquidity in cross-border payments. Analysts suggest that such integration would require massive XRP reserves and institutional demand, which could drive the altcoin rally.

Additionally, analyst Egrag Crypto has also shared a bullish forecast for XRP price earlier on. He places initial targets between $5 and $6, with a possibility of reaching $10. His prediction is partly tied to the recent resolution of the Ripple lawsuit by the U.S. Securities and Exchange Commission, which some believe could act as a catalyst for further gains.

Egrag Crypto’s analysis also uses Fibonacci levels, identifying consistent full-body monthly candle closings above Fib 1.0. He states that this chart’s behavior reflects price strength and momentum. A potential altcoin rally to the Fib 1.618 level, targeting up to $10, remains a possibility according to his analysis.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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