Daily Crypto News Dec 2: Crypto Trading This Week
Dec 2, 2024
Bitcoin is holding steady around $95K, gearing up for a potential move beyond $100K. XRP has made a spectacular leap, surging four times its value, signaling vibrant altcoin activity. With a total market cap of $3.3 trillion, the crypto space is buzzing with participation. The hosts emphasize the importance of patience and vigilance as traders navigate shifts in dominance and volume to spot the next big opportunities.
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XRP Surge
- XRP surged significantly in the past month, nearly quadrupling in value.
- It is currently trading over $2.
Bitcoin Consolidation
- Bitcoin's price consolidated around $95K after reaching $98K.
- This consolidation is viewed as a strong base for a potential breakout above $100K.
Bitcoin Dominance Decline
- Bitcoin's dominance dropped significantly from its recent high of 60.53%.
- This decline to 56.7% signals increased activity in altcoins.