Crypto Market Today (Dec 3rd, 2024): US Govt Moves $1.92B Bitcoin | HBAR Surges 51%

The post Crypto Market Today (Dec 3rd, 2024): US Govt Moves $1.92B Bitcoin | HBAR Surges 51% appeared first on Coinpedia Fintech News

The crypto market today has been trading sideways with negligible movement since the previous day. As a result, the total market capitalization of the industry has gone up a modest 1.62% to $3.45 trillion. However, this has welcomed a 22.70% spike in intraday trading volumes to $188.68 billion. While the market has been relatively volatile, the Fear & Greed Index continues to highlight an “Extreme Greed” score of 81.

In a notable movement in the market, the U.S. government transferred 19,800 Bitcoin, worth $1.92 billion, to Coinbase. Of this, 10,000 BTC, worth $962.9 million, went directly to the exchange. These transfers were part of asset custody actions and not outright sales. This movement has sparked curiosity among market players, about how things would unfold in the near future.

Bitcoin Price Today: BTC Trades Sideways

Bitcoin price at the time of press is changing hands at $95,947.90 with a change of -0.89% over the previous day. The dip in BTC’s price tag did welcome some volumes, which stood at $67.24, a spike of 62.88% over the previous day. Talking about ETFs, Bitcoin continued to attract strong inflows, with BlackRock bringing in $338.3 million. Fidelity followed next with $25.1 million and ARK with $17.2 million. Successively, the total Bitcoin ETF inflows for December 2nd, summed up at an impressive $353.6 million. 

Curious about Bitcoin’s prices in 2025? Read our Bitcoin (BTC) Price Prediction for potential price targets!

Mixed Performance in Altcoins

The largest altcoin, Ethereum lost 0.89% in its face value taking the numbers to $3,644.65. In the meantime, the ETF inflows stood at $24.2, as Grayscale ETHE outflows were at $44.4 million. XRP has been making waves, with a 12.31% spike in its price tag to $2.73. Solana witnessed a dip of 0.50%, trading at $228.27. 

Interested about ETH’s year-end price targets? Read our Ethereum Price Prediction for all details.

Top Gainers & Losers

HBAR, Kaia, and IOTA posted remarkable gains of over 37% among the top gainers. Conversely, AIOZ, Kaspa, and Dogecoin led the losers’ list, declining by over 3% each.

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