Crypto Prices Today Reflect Positive Sentiment in the Market
The cryptocurrency market is experiencing strong gains, with most major cryptos advancing. This reflects a positive sentiment in the market, driven by factors such as optimism over Bitcoin Spot ETF approval, the upcoming Bitcoin halving next year, and dovish remarks from Fed officials. December has brought positivity to the market, leading to gains across various digital assets.
Bitcoin Price Crosses $40,000 Mark
The price of Bitcoin has surpassed the $40,000 mark for the first time in over 18 months, reaching a new high in 2023. Currently, Bitcoin is trading at $40,709.09 with a 3.30% increase in the last 24 hours. The trading volume has also seen a significant jump of 23.18% to $19.63 billion. In the past 30 days, Bitcoin has gained nearly 18%.
Ethereum Price Surges Above $2,200
Ethereum has shown a bullish sentiment in the market, as its price surged 2.65% to $2,216.27 on Monday. It has surpassed the crucial $2,200 mark and reached its yearly high of $2,228.01 in the last 24 hours. However, its one-day trading volume has decreased by 5.80% to $9.12 billion.
XRP and Solana Prices Experience Gains
XRP has seen a jump of 1.55% to $0.6289 with a trading volume increase of 58% over the last 24 hours to $1.11 billion. Similarly, Solana’s price advanced by 1.08% to $64.73 with a volume rise of $1.30 billion.
Cardano Witnesses a Surge in Price
Cardano has witnessed a surge of 2.26% and is currently trading at $0.4064. The trading volume from yesterday has increased by 14.53% to $336.56 million. In the past 30 days, Cardano has added around 25%.
Meme Coins Show Strong Sentiment
The sentiment remains strong in the meme coin segment, as indicated by the advancement in crypto prices. Dogecoin has surged by 2.38% to $0.0878 with a trading volume increase of 18.8% to $608.02 million in the last 24 hours. Shiba Inu has gained 6.12% to $0.000009066 with a trading volume skyrocketing by 239.49% to $423.31 million.
Gains Contribute to Surge in Crypto Market Cap
The gains in major crypto prices have contributed to a 2.59% surge in the global crypto market cap, which now stands at $1.52 trillion. Additionally, the total crypto market volume has jumped by 11.15% to $49.13 billion at the same time.
The Top 4 Cryptos For Today Are
Pepe Coin Rises 6%
The price of Pepe Coin has advanced by 5.79% to $0.000001273 on Monday, with a trading volume increase of 13.5% to $115.49 million over the last 24 hours.
Tera Classic (LUNC) Advances 52%
Terra Classic (LUNC) experienced significant gains, jumping by 51.67% to $0.0002275. Its trading volume over the last 24 hours skyrocketed by 217.39% to $899.45 million.
ORDI (ORDI) Adds 34%
The price of ORDI has surged by 33.80% and is currently trading at $42.86. The trading volume over the last 24 hours remained flat at $663.47 million.
Terra (LUNA) Jumps 33%
Terra (LUNA) has gained notable traction, jumping by 32.94% to $1.08. The trading volume from yesterday has rocketed by 259.6% to $427.77 million.
Hot Take: Crypto Market Shows Strong Gains and Positive Sentiment
The cryptocurrency market is experiencing strong gains, with Bitcoin crossing the $40,000 mark and other major cryptos also showing positive momentum. This reflects a bullish sentiment driven by various factors such as upcoming events, dovish remarks from Fed officials, and overall market optimism. The surge in prices has contributed to a significant increase in the global crypto market cap, indicating growing confidence in digital assets. As we enter December, the positive sentiment and gains across the market are expected to continue, setting a promising tone for the crypto industry.
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