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Bitcoin just hit $100,000 for the first time ever, smashing a major milestone! It hit $101,975 on December 5 and even peaked at $104,000 about 90 minutes later, according to TradingView.
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This comes after breaking $90,000 on Nov. 12, fueled by a huge $31 billion inflow into U.S. spot Bitcoin ETFs this year and reduced supply following the Bitcoin halving in April. What a year for BTC!
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Top Gainers and Biggest Losers
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In the past two weeks, SUSHI, HBAR, and AMP have led the crypto gainers, making waves in the market. On the flip side, Raydium (RAY) took the biggest hit, dropping around 23% in the last half of the month.
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SushiSwap
SUSHI
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$2.35
▴ 74.69%
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Hedera Hashgraph
HBAR
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$0.31
▴ 28.23%
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AMP
AMP
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$0.011
▴ 52.11%
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Wondering what are the best & worst performing crypto on a daily basis? Subscribe to our price alerts here.
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What Is Pushing the Market?
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Tron Hits New ATH
On December 3, TRON (TRX) surged 103.4% to a new all-time high of $0.45 . It’s popular for quick transfers between exchanges, making it a go-to option for traders looking to move funds fast.
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Waiting for SOL ETFs
Grayscale Investments has just filed with the SEC to launch a spot Solana ETF ! If approved, the Grayscale Solana Trust (ticker: GSOL) would trade on the NYSE, converting their current Solana Trust into an ETF—just like they did with Bitcoin and Ether.
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New SEC Chairman
Donald Trump has just picked pro-crypto Paul Atkins to head the SEC , replacing Gary Gensler. Announced on Dec. 4, Atkins’ crypto-friendly stance was a big campaign promise and a key topic at Trump’s Bitcoin 2024 speech in Nashville.
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BNB Also Hits New ATH
On December 4, BNB hit a new all-time high of $782.79 after PancakeSwap launched the Springboard, a platform designed for creating meme coins on the BNB Chain.
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XRP Goes to the Moon
On December 3, XRP hit a record $2.909 , surging 478% in a month and securing third place by market cap at $149.6B. CryptoQuant’s CEO spotted whale activity on Coinbase, with prices 3–13% higher than on Binance.
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Dogecoin has stayed between $0.34 and $0.46 since Nov. 12 and could see a 60% jump to $0.68–$0.72, says trader Altstreet Bets, adding, “$DOGE is ready to run again.”
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What to Wait for from BTC?
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BTC is still a memetic asset, with psychological barriers that grab attention and draw in new traders, creating more volatility. Crypto trader Matthew Hyland also hinted that Bitcoin’s $114,000 level is “loading.” In the past two weeks, SUSHI, HBAR, and AMP have led the crypto gainers, making waves in the market. On the flip side, Raydium (RAY) took the biggest hit, dropping around 23% in the last half of the month.
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Have you enjoyed this letter?
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© Changelly 2015—2024
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