Crypto market on Monday, December 2, 2024, shows mixed sentiment as Bitcoin trades steadily around the $41,000 mark, signaling indecision among investors. Altcoins like Ethereum and Solana are following a similar trend with minor price fluctuations.
However, standout performers include HBAR, which has surged over 40% due to heightened investor interest and strong technical momentum. Trading volumes remain robust, indicating ongoing market participation, while RSI levels on several assets suggest potential overbought conditions.
On the macro front, regulatory developments continue to impact sentiment, as new updates from global regulators are keeping traders cautious.
Meanwhile, market participants are closely watching Bitcoin dominance, which remains a key indicator for altcoin season. With increased attention on layer-1 and decentralized finance (DeFi) projects, the market remains volatile but filled with opportunities for savvy traders. As the day progresses, breakout levels on major assets could set the tone for the week's trend.