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COINTURK NEWS > Cryptocurrency News > Decoding the Surge: A Deep Dive into Cryptocurrency Market Dynamics
Cryptocurrency News

Decoding the Surge: A Deep Dive into Cryptocurrency Market Dynamics

In Brief

  • Cryptocurrency prices started the day on December 1st with a positive outlook. Particularly in cryptocurrencies, due to regulatory hurdles and other factors, investors’ sensitivity increased, leading to a volatile price outlook throughout the week.ContentsCryptocurrency Market UpdateToday’s Winning Altcoins Despite this situation, the beginning of December seems to have brought an increase in cryptocurrency prices. This […]
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COINTURK NEWS 1 year ago
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Cryptocurrency prices started the day on December 1st with a positive outlook. Particularly in cryptocurrencies, due to regulatory hurdles and other factors, investors’ sensitivity increased, leading to a volatile price outlook throughout the week.

Contents
Cryptocurrency Market UpdateToday’s Winning Altcoins

Despite this situation, the beginning of December seems to have brought an increase in cryptocurrency prices. This could be indicative of growing confidence among cryptocurrency investors.

Cryptocurrency Market Update

Interestingly, cryptocurrency prices began to move positively after the data announced following Thursday, November 30th. Notably, the price of Bitcoin started December with a positive outlook, with a 1.27% increase in its price over the last 24 hours.

The price reached $38,183.11 following the increase. Throughout the past week, the cryptocurrency hosted a price rise of over 2%.

On the other hand, Ethereum, a leading altcoin, increased by 1.78% to $2,098.65 at the time of writing, while its 24-hour trading volume increased by 5.32% to $9.31 billion. Similarly, in the same time frame, XRP’s price increased by 0.50% to $0.6093, while its volume from the previous day fell by 4.46% to $983.18 million.

Investors’ favored coin of the past month, Solana, saw a 1.71% increase over the last 24 hours, trading at $60.60. Its one-day trading volume decreased by 33.54% to $1.31 billion. Meanwhile, Cardano, also in the top 10 cryptocurrencies, was trading at $0.3798, up 0.84% at the time of writing.

Dogecoin’s price rose by 1.07% to $0.08434, with a noticeable increase in trading volume, which rose by 9.53% to $664.61 million. Additionally, its competitor, Shiba Inu’s price, was finding buyers at $0.00000834, up by 0.48% at the time of writing. Pepe Coin’s price increased by 2.01% on December 1st and was at $0.000001105 at the time of writing.

Today’s Winning Altcoins

Celestia (TIA) joined the broader crypto market rally and was among the biggest gainers of the day. Meanwhile, the price of Celestia increased by 10%, trading at $7, while its 24-hour trading volume rose by 19.69% to $163.89 million.

Another notable altcoin of the day, Render, was another big winner on Friday, December 1st, increasing by 6% in price, trading at $3.67 at the time of writing. SEI’s price saw a 4.27% increase on December 1st, trading at $0.2489, while its 24-hour trading volume decreased by 38.18% to $322.64 million.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 1 December, 2023 - 12:18 pm 1 December, 2023 - 11:39 am
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