CandleFocus HBAR, XRP Defy Market Sentiment as BTC Dumps by $3K in Hours (Market Watch)
2024-12-02
Author: Content Editor
Bitcoin's price experienced fluctuations over the past week, with the bears initially pushing it below $91,000 before the bulls regained control and drove it up to nearly $99,000. However, the weekend saw a retracement, and on Monday, Bitcoin slumped to $95,000 after a brief surge to over $98,000. This drop in price coincided with reports of large BTC deposits to exchanges, possibly indicating profit-taking by whales. Bitcoin's market cap has dropped below $1.9 trillion, and its dominance over altcoins is at 53.2%. Many larger-cap altcoins, such as ETH, SOL, BNB, DOGE, and TON, have also seen price drops. However, some coins like ADA, XLM, AVAX, LTC, and LINK have posted gains. XRP had a significant increase of 22%, reaching a new multi-year high, and briefly became the third-largest cryptocurrency. HBAR also experienced a surge, gaining over 26%. The overall crypto market cap has declined by about 2.5% and is currently below $2.550 trillion.
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