Cryptocurrency Prices Today, Dec 4: Bitcoin Attempts Recovery Above $93K; Ethereum Shines, Altcoins Struggle

The cryptocurrency market on thursday, December 4th stayed mixed as top digital assets traded in the risk zone with gains and losses. While Bitcoin price held steady above the $93,000 mark, Ethereum posted some gains, even as several other altcoins, including XRP, Dogecoin, and Solana, slipped into the red. At the time of writing, the global crypto market cap hovered around the $2 trillion range.

"The recent sell-off has cleared a significant amount of leveraged positions, and what we are witnessing now is a healthier market reset. Historically, some of the strongest rallies have emerged after periods of maximum fear. That said, investors should remain cautious and follow strong risk-management practices, as Bitcoin is still trading in a high-volatility zone. In the short term, markets are likely to remain sensitive to macroeconomic developments, regulatory updates, and liquidity shifts, all of which can trigger sharp price movements." said Vikas Gupta, Country Manager, Bybit India.

Bitcoin Price Today

BTC was trading at $93,057.36, edging up 0.03% in the last 24 hours. Over the past week, BTC has gained 1.86%, though it remains down 8.39% on a seven-day basis.

"Bitcoin is holding steady near $94,000 after a strong 12% weekly surge, maintaining its bullish momentum. While markets await the upcoming FOMC meeting, buyers are working to build the strength needed for a sustained move toward the $100,000 mark. A decisive breakout above current levels could clear the path to the $103,000 supply zone." said Akshat Siddhant, Lead Quant Analyst, Mudrex.

Ethereum Price Surges Over 4% as ETH Outperforms Major Altcoins

ETH in the early trade today rose upwards, adding 4.28% in the last 24 hours to trade at $3,189.61. Ether is up 5.74% over the week, even though it is still 3.08% lower on the weekly chart.

Major Altcoin Performance Today

Market sentiment turned negative for several altcoins as XRP, or Ripple coin price, fell to $2.17, down 1.08% in 24 hours and 1.54% over the week.

Solana slipped to $142.82, registering a 0.61% decline in the last day and an 8.10% weekly loss. Meanwhile, Dogecoin traded at $0.1494, down 0.78% in 24 hours and 8.17% on the week. TRON eased slightly to $0.2794, down 0.31% on the last day and 2.20% over the week.

On the other hand, some top altcoins bucked the downtrend:

BNB, or the Binance Coin price, rose 1.51% to $910.19, with a market cap of $125.83 billion.

While Cardano, or ADA, gained 1.48% to $0.4497, though it is still down 13.85% weekly.

WhiteBIT Coin was the top gainer, rising 0.27% today and an impressive 20.25% over the week, now trading at $62.50.
As per the CoinDCX market desk, "The top gainers for the day include Telcoin, Curve DAO, and Zcash, which have jumped by over 10% each. On the other hand, MYX Finance plunges by 8.96%, followed by Pudgy Penguins, Hedera, Pi, Pump.fun, Quant, and XDC Network by over 1% each. The overall market sentiment is rising, having moved from extreme fear to fear."

Overall Market Outlook

"The crypto market is showing renewed strength as Bitcoin rebounds to near $93,000 after dovish signals from the Fed rekindled investor optimism. Weak jobs data has boosted expectations of a rate cut and lifted risk appetite across the board, with Ethereum also spiking as traders position for renewed activity ahead of key network and liquidity catalysts highlighted in recent market analysis. Altcoins like Dogecoin and XRP have mirrored this momentum, reflecting a broader shift back into risk. The technical setup and macro backdrop now align in favour of continued upside as long as liquidity flows remain supportive." said Avinash Shekhar, co-founder & CEO, Pi42.

As per CoinSwitch Markets Desk, "Softer U.S. macro data, the Fed's official end to quantitative tightening, and a return of positive BTC ETF inflows helped lift BTC to a two-week high. Heatmap data also shows a large cluster of short liquidations above $94K, which could support an upside squeeze if momentum continues."

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