Crypto market snapshot, Dec 3: HBAR leads with 51% gain, XRP up 13%, Bitcoin at $96k

The cryptocurrency market showcased a mixed performance on December 3, with standout gains in XRP, Hedera (HBAR), and Ondo (ONDO) amid Bitcoin’s (BTC) continued consolidation.

XRP soared by 13%, while HBAR and ONDO posted an impressive 51% and 36% gains, respectively.

Bitcoin hovered around $96,000, reflecting market stability.

As the crypto market cap dipped slightly to $3.47 trillion, trading volumes surged, highlighting heightened activity and investor confidence.

Here’s an in-depth look at today’s top movers and market trends.

Source: CoinMarketCap

Bitcoin (BTC) continues to trade steadily within a narrow range. BTC’s daily low and high were $94,482 and $97,741, respectively, with a market cap of $1.9 trillion and dominance at 54.65%.

Institutional interest remains robust, with BTC ETFs seeing $15.33 million in inflows.

While BlackRock data is pending, Fidelity reported $25 million in inflows, countering $28 million in outflows from Grayscale.

The US government transferred $1.9 billion worth of BTC, adding intrigue to global crypto discussions.

Ethereum (ETH) experienced a slight dip, trading at $3,641, down 2% in the past 24 hours. Its daily low and high were $3,557 and $3,710, respectively. With a market cap of $438 billion and dominance at 12.61%, ETH remains a strong contender.

Grayscale reported $44 million in outflows for ETH, although Fidelity saw $19.9 million in inflows. Over the past two weeks, institutional investments in ETH reached $634 million, showcasing sustained interest.

XRP emerged as a star performer, surging 18% to $2.72 in the last 24 hours. Its daily low and high stood at $2.24 and $2.84, respectively. XRP’s market cap hit $155 billion, propelling it to the third spot in rankings.

Ripple Labs accelerated testing of its stablecoin RLUSD, minting nearly 10 million tokens. Regulatory approval from New York authorities is anticipated, potentially driving further momentum.

Hedera (HBAR) and Ondo (ONDO) Lead Gains:

Hedera (HBAR) saw a remarkable 51% rise, trading at $0.377, with a daily low of $0.2325 and a high of $0.3851.

ONDO also gained 36%, reaching $1.73. These performances underscore investor enthusiasm for innovative blockchain projects.

Source: CoinMarketCap

Solana (SOL) slipped 3% to $227, with daily highs and lows at $230 and $220.

Despite the decline, SOL maintains a $108 billion market cap. Coinbase’s announcement to list Solana-based meme coin Moo Deng could drive future gains.

Meme cryptocurrencies faced declines, with Dogecoin (DOGE) dropping 6% to $0.42 and Shiba Inu (SHIB) falling 7% to $0.0000294.

This downturn reflects broader market pressures in this niche segment.

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