Cryptocurrency

Wednesday

Planet

Bitcoin’s price actions during the weekend hinted at a potential break out toward $100,000, but Monday started on the opposite corner, slumping to $95,000. 
Many of the larger-cap alts are also in the red now, with SOL losing over 4% and DOGE dropping by 3%. 
<h2 id="btc-slides-to-95k">BTC Slides to $95K</h2> 
Last week saw <a href="https://cryptopotato.com/huge-bitcoin-volatility-ethereum-picks-up-speed-ripple-bull-run-goes-on-this-weeks-crypto-recap/" data-wpel-link="internal">quite a few fluctuations</a> for the primary cryptocurrency, with the bears taking control at the start and dumping the asset to under $91,000 on Tuesday. After that, though, the bulls took charge and initiated a few consecutive leg-ups that resulted in bitcoin exploding above $97,000 on Wednesday and nearing $99,000 on Friday. 
However, the cryptocurrency failed to maintain its run and <a href="https://cryptopotato.com/these-cryptos-increase-the-most-as-bitcoin-trades-around-97k-weekend-watch/" data-wpel-link="internal">retraced</a> during the weekend by a few grand. The Monday morning Asian trading session saw a brief price surge to over $98,000, but BTC was quickly and violently rejected. 
In the following hours, the asset slumped by over three grand and slipped below $95,000 for the first time since Friday. This came amid <a href="https://cryptopotato.com/btc-price-tumbles-below-important-support-level-are-whales-realizing-profits/" data-wpel-link="internal">reports</a> that a few whales had deposited large quantities of BTC to exchanges, potentially to secure some profits. 
Bitcoin’s current price tag means that its market cap has dropped below $1.9 trillion, and its dominance over the alts is down to 53.2% on CG. 
<figure id="attachment_373036" aria-describedby="caption-attachment-373036" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD.png" data-wpel-link="internal"><img class="size-full wp-image-373036" src="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD.png" alt="Bitcoin/Price/Chart 2.12.2024. Source: TradingView" width="1835" height="827" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-300x135.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-1024x461.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-768x346.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-1536x692.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-50x23.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-373036" class="wp-caption-text">
 Bitcoin/Price/Chart 2.12.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="xrp-hbar-on-another-planet">XRP, HBAR on Another Planet</h2> 
Most larger-cap alts have followed BTC’s example with some price drops. Such examples are ETH (-2%), SOL (-4.3%), BNB (-2.6%), DOGE (-3%), and TON (-4%). 
In contrast, ADA, XLM, AVAX, LTC, and LINK have all posted gains of up to 17% in the Litecoin case. 
However, the day belongs to XRP, which is up by 22% since yesterday. Moreover, it tapped $2.5 earlier today to mark a new multi-year high and <a href="https://cryptopotato.com/ripple-xrp-breaks-into-top-3-cryptos-after-overtaking-tether-usdt-and-solana-sol/" data-wpel-link="internal">briefly became</a> the third-largest cryptocurrency. 
HBAR is another mindblowing gainer, having surged by over 26% and trading close to $0.25. 
The total crypto market cap, though, has declined by about 2.5% in a day and sits below $2.550 trillion now. 
<figure id="attachment_373037" aria-describedby="caption-attachment-373037" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315.jpg" data-wpel-link="internal"><img class="size-full wp-image-373037" src="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315.jpg" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1881" height="835" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315.jpg 1881w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315-300x133.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315-1024x455.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315-768x341.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315-1536x682.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-02-115315-50x22.jpg 50w" sizes="(max-width: 1881px) 100vw, 1881px"></a>
 <figcaption id="caption-attachment-373037" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/hbar-xrp-defy-market-sentiment-as-btc-dumps-by-3k-in-hours-market-watch/" rel="nofollow">HBAR, XRP Defy Market Sentiment as BTC Dumps by $3K in Hours (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

HBAR, XRP Defy Market Sentiment as BTC Dumps by $3K in Hours (Market Watch)

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