{"id":42737,"date":"2024-12-05T14:12:58","date_gmt":"2024-12-05T14:12:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-wrap-bitcoin-tops-103k-eth-hype-and-render-show-bullish-momentum\/"},"modified":"2024-12-05T14:12:58","modified_gmt":"2024-12-05T14:12:58","slug":"crypto-wrap-bitcoin-tops-103k-eth-hype-and-render-show-bullish-momentum","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-wrap-bitcoin-tops-103k-eth-hype-and-render-show-bullish-momentum\/","title":{"rendered":"Crypto wrap: Bitcoin tops $103K; ETH, HYPE, and RENDER show bullish momentum"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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Crypto markets are bullish on Dec. 5 with investors seeing Bitcoin\u2019s surge to above $103k as an indicator for the next leg up for altcoins. <\/p>\n

Multiple ecosystem developments, including on the regulatory front have the market buzzing, with Ethereum (ETH), Render (RENDER), and Hyperliquid (HYPE) among coins attracting massive attention.<\/p>\n

Here\u2019s a market update for today as the global cryptocurrency market cap jumps to $3.8 trillion.<\/p>\n

Crypto in the news<\/h2>\n

Ripple says that its stablecoin RLUSD has delayed<\/a> its highly anticipated launch. <\/p>\n

The company is eyeing regulatory approval.<\/p>\n

ARK Invest CEO Cathie Wood has noted that Trump\u2019s pick of Paul Atkins as the next SEC chair is positive for the crypto market. <\/p>\n

According to Wood, this could spark new life into the digital assets space, untying the industry from Gary Gensler’s negative approach.<\/p>\n

On Wednesday, US Federal Reserve Chair Jerome Powell said Bitcoin is the digital gold and a competitor of the precious metal, not of the US dollar. <\/p>\n

This came as Russian President Vladimir Putin noted that Bitcoin is unstoppable.<\/p>\n

Bithumb, the second largest crypto exchange in South Korea, has announced support for NEIRO, MORPHO, and SUNDOG. <\/p>\n

The exchange will add Korean won pairs for these tokens on Dec. 5.<\/p>\n

Crypto price updates<\/h2>\n

Top 10 cryptocurrencies<\/h3>\n

Bitcoin (BTC) traded between lows of $94,870 and $103,679, currently 6% up. <\/p>\n

The 24-hour range for BTC sees a huge green candle on the day as the benchmark asset\u2019s market cap crosses the $2 trillion mark. <\/p>\n

Analysts say BTC could target $120k with the next uptick, with Standard Chartered predicting prices could hit $200k by the end of 2025.<\/p>\n

Among the top 10 altcoins, Ethereum has spiked more than 5% to above $3,900 and could eye the $4,000 level. Most analysts are bullish on the ETH price.<\/p>\n

Meanwhile, Dogecoin leads gainers in this group with nearly 7% upside momentum in 24 hours.<\/p>\n

DOGE traded around $0.44. XRP, which has ripped in recent weeks, was down 9% to $2.38 amid the RLUSD delay news. <\/p>\n

Solana changed hands around $2.37, but barely in the green, while BNB had shed 6% to near $733.<\/p>\n

24-hour top gainers<\/h3>\n

As noted above, the cryptocurrency market is trading mixed as of writing. <\/p>\n

However, a few altcoins stand out on the day.<\/p>\n

In the top 100 by market cap, JasmyCoin (JASMY) is the top 24-hour performer with +26% to trade at $0.05056. <\/p>\n

The next big movers are Aerodrome Finance (AERO) with +15% at $1.87 and The Sandbox (SAND)<\/a> with +13% at $0.931. <\/p>\n

Render (RENDER) at +11% in 24 hours at $10.02.<\/p>\n

Recently launched Hyperliquid (HYPE) is also up 11%, with futures surpassing $17. <\/p>\n

Crypto analyst Miles Deutscher highlights HYPE as one of the tokens to watch.<\/p>\n

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\"Miles<\/div>\n
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<\/p>\n
Miles Deutscher<\/span><\/div>\n
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@milesdeutscher<\/span><\/a><\/p>\n
\u00b7<\/span>Follow<\/a><\/div>\n<\/div>\n<\/div>\n

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$XRP<\/a> is bringing the normies back
\n<\/span>$BTC<\/a> is bringing TradFi\/mainstream retail back
\n<\/span>$HYPE<\/a> is bringing the on-chain degens back
\nEvery segment of the market is perfectly aligned in their own way.
\nPerfect storm.<\/span><\/p>\n

11:06 am \u00b7 5 Dec 2024<\/a><\/a><\/div>\n
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111<\/span><\/a><\/p>\n

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