The crypto prices today continue the bullish trend observed in the market throughout December, as investors are putting their bets on the riskier assets. The recent positive momentum in the broader crypto market has helped the major cryptos like Bitcoin, and Ethereum, among others, to reach their record highs in more than a year.
Although there is a flurry of catalysts that may have bolstered gains in the crypto market, it seems that the Bitcoin Spot ETF buzz has contributed a significant part. In addition, the dovish comments from the central bank officials have also fuelled the confidence of the market participants, who are now anticipating a rate cut as soon as March next year.
Talking about the crypto prices, the Bitcoin price soared 2.65% over the last 24 hours to $41,779.01, and its trading volume from yesterday advanced 91.51% to $37.46 billion. Meanwhile, the largest crypto by market cap has touched a 24-hour high and low of $42,371.75 and $40,703.71, respectively.
Simultaneously, the second largest crypto by market cap, the Ethereum price has also maintained a steady momentum, adding 0.40% from yesterday to trade at $2,226.80. Its trading volume over the last 24 hours jumped 69.74% to $15.42 billion, and the crypto has touched a high of $2,273.07 in the last 24 hours.
However, the XRP price slumped 1.59% to $0.6189, defying the broader market trend, while its trading volume in the last 24 hours added 73.94% to $1.93 billion. In addition, the Solana price has also moved towards the south, with a 6.73% decline from yesterday to $60.37, while its trading volume soared 66.30% to $2.17 billion.
On the other hand, the meme coins seem to be moving in tandem with the broader market sentiment. For instance, the Dogecoin price added 2.46% to $0.08978 over the last 24 hours, while its 24-hour volume skyrocketed 127.43% to $1.36 billion. In addition, the Shiba Inu price ticked up 0.20% to $0.000009051 as of writing, and its volume rose 10.84% from yesterday to $465.95 million.
The recent surge in crypto prices has triggered a broader market rally. The recent upward momentum has bumped up the global crypto market cap by 1.47% over the last 24 hours to $1.54 trillion. In addition, the total crypto market volume soared 90.75% to $93.58 billion. However, investors should stay cautious as the crypto market fear and greed index stood at 79, suggesting a greed sentiment in the market.
Also Read: BlackRock Submits A Revised Spot Bitcoin ETF S1 Document, Expect the Good News Soon
The Top 4 Cryptos For Today Are
Pepe Coin Adds 17%
The Pepe Coin has witnessed a positive momentum so far this week, as witnessed by the recent surge in the meme coin’s price. Meanwhile, the Pepe Coin price jumped 16.99% to $0.000001442 during writing on December 5, while its trading volume over the last 24 hours skyrocketed 345.15% to $496.27 million at the same time. The crypto has added over 34% over the last seven days.
Stacks (STX) Soars 37%
The Stacks crypto was among the top gainers in the cryptocurrency market, suggesting that the investors are putting their focus on the crypto. As of writing, the Stacks price was up 37.23% and traded at $1.18 on Tuesday, and its trading volume from yesterday rocketed 560.24% to $901.59 million at the same time.
Conflux (CFX) Jumps 24%
The Conflux price soared 24.43% to $0.2126 on December 5, with its trading volume jumping 818.43% to $290.78 million. The recent surge in the price as well as in the trading volume suggests that the crypto has gained notable traction from the market participants amid a rally in the major crypto prices today.
Flow (FLOW) Gains 20%
The Flow crypto was another top mover in the digital asset space on Tuesday. Meanwhile, the FLOW price added 20.37% to its last 24-hour price and trading at $0.8396. The trading volume of the crypto skyrocketed 365.57% to $222.66 million as of writing on December 5. The crypto has added over 52% over the last 30 days.
Also Read: Bitcoin (BTC) Rally Halts At $42,000 But Open Interest At Two-Year High
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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