The cryptocurrency market showed mixed performance on December 3, with notable gains in XRP, Hedera (HBAR), and Ondo (ONDO) amid Bitcoin (BTC)'s continued consolidation.
XRP surged by 13%, while HBAR and ONDO recorded impressive gains of 51% and 36%, respectively.
Bitcoin hovered around $96,000, reflecting market stability.
As the cryptocurrency market capitalization slightly fell to $3.47 trillion, trading volumes increased, highlighting greater activity and investor confidence.
Below we present an in-depth look at the current major drivers and trends in the market.
Source: CoinMarketCap
Bitcoin (BTC) continues to trade steadily within a narrow range. The daily low and high for BTC were $94,482 and $97,741, respectively, with a market capitalization of $1.9 trillion and a dominance of 54.65%.
Institutional interest remains strong, and BTC ETFs recorded inflows of $15.33 million.
While BlackRock's data is pending, Fidelity reported $25 million in inflows, countering $28 million in outflows from Grayscale.
Historically, December has been a strong month for the cryptocurrency market, and 2024 could continue that trend.
Some cryptocurrencies that could perform well are those with important events scheduled for this month.
It is important to remember that the cryptocurrency market is volatile and dynamic, and prices can change rapidly.