Ethereum

2024

Bitcoin

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Bitcoin has rebounded to $98,000 today after dropping to its weekly lowest point, and several sentiments have made it back to head the $100,000 target price. 
Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>), the world’s largest cryptocurrency in the world by market capitalization, rose around 3% to $98,436 in the past week after dropping under the weekly average to $93,913 on Tuesday. 
The South Korean martial law has brought a sentiment and dropped to its lowest record, but the token rebounded a few hours later after President Yoon Suk Yeol ended the order. 
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 <img loading="lazy" decoding="async" width="1024" height="624" src="https://crypto.news/app/uploads/2024/12/BTCUSDT_2024-12-05_07-06-05-1024x624.png" alt="Bitcoin rebound and head to $100,000 target price again - 12" class="wp-image-14316339">
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 1 Day BTC price chart, October 28 – December 05, 2024 | Source: <a rel="" href="https://crypto.news/price/bitcoin/">crypto.news</a>
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Trump <a rel="" href="https://crypto.news/president-trump-confirms-paul-atkins-as-top-pick-for-sec-chair/">nominated</a> one-time Securities and Exchange Commission (SEC) Commissioner Paul Atkins to head the institutions, bringing a positive sentiment to the market. Ripple’s Brad Garlinghouse and Congressman Tom Emmer even <a rel="" href="https://crypto.news/ripple-executives-praise-trumps-pro-crypto-sec-head-pick/">support</a> these nominations due to his stance as pro-crypto 
Fed Chairman Jerome Powell’s acknowledgement of Bitcoin as a rival to gold also gives a perspective that this digital asset was commonly known as a safe-have instrument asset class. 
 Read more: <a rel="" href="https://crypto.news/powell-says-bitcoin-is-competitor-for-gold-not-dollar/"> Powell says Bitcoin is a competitor for gold, not a dollar </a> 
<h2 class="wp-block-heading" id="ethereum-follows-bitcoin-s-target-movement">Ethereum follows Bitcoin’s target movement</h2> 
According to CoinMarketCap <a href="https://coinmarketcap.com/charts/bitcoin-dominance/" target="_blank" rel="nofollow">data</a> on Dec. 05, Bitcoin dominance also showed a decrease of almost 5% to 54%, and this record was last seen this July. In comparison, Ethereum and other crypto recorded an increase to 12.9% and 32,6%, respectively, which indicates that Altcoins have room to grow. 
Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) increased by 5,21% to $3,813 in a day of trading. This largest blockchain token in the world is also heading to the next price target, which is $4,000, and possibly skyrocket to an all-time high of $4,891; the last time recorded was 3 years ago. 
Although the other top cryptocurrencies have not performed yet, the crypto market cap in total is rising 1.87% to $3.58 trillion. 
 You might also like: <a rel="" href="https://crypto.news/ethereums-buterin-outlines-preferred-wallet-checklist/"> Ethereum’s Buterin outlines preferred wallet checklist </a>

Bitcoin rebound and head to $100,000 target price again

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