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Investors have directed their investments to cryptocurrencies with the rise of crypto prices, and today crypto prices continue to move in line with the upward trend observed in the market throughout December. This positive atmosphere has paved the way for major cryptocurrencies such as Bitcoin and Ethereum, as well as altcoins, to reach record levels after more than a year.
Current Situation in Cryptocurrencies
Speaking of cryptocurrencies, firstly, the price of Bitcoin has risen to $41,779.01, with a 2.65% increase in the last 24 hours, and its trading volume has increased by 91.51% to $37.46 billion compared to yesterday. The highest and lowest levels that the largest cryptocurrency has reached in the last 24 hours are $42,371.75 and $41,100, respectively.
The price of Ethereum, which is the leader of altcoins in the cryptocurrency market, has gained a stable momentum and is trading at $2,230, with a 0.40% increase compared to yesterday. Its trading volume in the last 24 hours has increased by 69.74% to $15.42 billion, and the crypto has reached up to $2,273.07 in the last 24 hours.
However, there has been a decrease in the price of XRP, and as a result, it has dropped to $0.6155 with a 1.59% price loss. Another notable altcoin, SOL, has also decreased by 3.21% to $59.66, while a positive image has formed in its trading volume, which has increased by 66.30% to $2.17 billion.
Other Notable Altcoins
Dogecoin, the leader of memecoins, has decreased by 3.2% in the last 24 hours and is finding buyers at $0.08978. Its trading volume in the last 24 hours has increased by 127.43% to $1.36 billion. Its closest follower, Shiba Inu, has increased by 0.20% to $0.000009051 as of writing, and its volume has increased by 10.84% to $465.95 million compared to yesterday.
Pepe Coin has accompanied the decline in memecoins. As of the writing time on December 5, its price had a neutral appearance and was trading at $0.000001383.
Stacks was among the biggest gainers in the cryptocurrency market in the evening hours yesterday, indicating that investors were focusing on the broader crypto market. Yesterday, the price of Stacks increased by 37.23% to $1.18. As of writing, it is trading at $1.16, with a 1.14% decrease.
Conflux price had increased by 24.43% to $0.2126 on December 4. Its trading volume had also increased by 818.43% to $290.78 million. Today, the CFX price is at $0.2059 with a decrease.
