Cryptocurrencies began the day with a positive outlook on December 1st. As investor sensitivity increases due to regulatory barriers and other factors, price movements have followed a volatile trend throughout the week.
At the beginning of the month, price increases were observed in cryptocurrencies. This may be an indication of growing confidence among cryptocurrency investors.
Bitcoin price gained positive momentum after the release of data on Thursday, November 30th. Bitcoin’s price started December with a 1.27% increase in the past 24 hours, reaching $38,183.11.
Meanwhile, the price of leading altcoin Ethereum increased by 1.78% to $2,098.65 at the time of writing, with a 5.32% increase in 24-hour trading volume, reaching $9.31 billion. At the same time, XRP’s price rose by 0.50% to $0.6093, but its volume decreased by 4.46% to $983.18 million compared to the previous day.
Solana, a preferred coin among investors last month, saw a 1.71% increase in the past 24 hours, trading at $60.60. However, its daily trading volume decreased by 33.54% to $1.31 billion. Additionally, Cardano, which is among the top 10 cryptocurrencies, experienced a 0.84% increase and traded at $0.3798 at the time of writing.
Dogecoin’s price increased by 1.07% to $0.08434, and a significant increase in trading volume was observed, rising by 9.53% to $664.61 million. Its competitor, Shiba Inu, saw a 0.48% increase and traded at $0.00000834. Pepe Coin’s price increased by 2.01% on December 1st and reached $0.000001105 at the time of writing.