The cryptocurrency market saw some significant developments on December 2, with Bitcoin (BTC) maintaining its position above the $96,000 threshold. Globally, Bitcoin is priced at $96,206 (around ₹81.4 lakh), showing a slight dip on Indian exchanges but continuing its steady climb after reaching $97,600 (₹82.6 lakh) over the weekend. Analysts anticipate a potential rally beyond $100,000 (₹84.6 lakh) as market optimism grows.
Ethereum (ETH), the second-largest cryptocurrency, recorded a 1.26% increase in global markets, trading at $3,705 (₹3.13 lakh). On Indian platforms, however, ETH saw a minor decline, priced at ₹3,635. Analysts suggest Ethereum may test resistance at $3,900 (₹3.30 lakh) as bullish sentiments dominate the market this week.
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Ripple (XRP) made headlines with a 30.80% surge in 24 hours, overtaking Solana to become the 4th largest cryptocurrency by market capitalization. Ripple’s valuation soared past $122 billion (₹10.33 lakh crore), driven by optimism surrounding regulatory clarity and Ripple’s pro-crypto initiatives. Investors remain hopeful for Ripple’s continued growth.
Other gainers included Dogecoin, Cardano, Stellar, and Litecoin, while Solana, Binance Coin, and Tether experienced losses. The total cryptocurrency market cap rose by 1.80% in the last 24 hours, reaching $3.46 trillion (₹2.93 lakh crore), indicating a positive start to December.
Key Takeaways:
- Bitcoin holds strong above $96,000, signaling bullish trends.
- Ripple overtakes Solana, fueled by regulatory optimism.
- Ethereum shows growth despite minor dips on Indian exchanges.
Crypto Market Overview:
| Cryptocurrency | Price (Global) | Price (Indian Exchanges) | 24H Change | Market Sentiment |
|---|---|---|---|---|
| Bitcoin (BTC) | $96,206 | ₹81.4 Lakh | +0.35% | Positive |
| Ethereum (ETH) | $3,705 | ₹3.13 Lakh | +1.26% | Bullish |
| Ripple (XRP) | – | ₹10.33 Lakh Crore | +30.80% | Optimistic |
| Market Cap | $3.46 Trillion | ₹2.93 Lakh Crore | +1.80% | Recovery Indications |
Disclaimer:
Cryptocurrencies are unregulated and involve risks. This article is for informational purposes only and should not be taken as financial advice. Always do your research before investing.