Crypto Price Today: Bitcoin Currently Trading at $38,000, Altcoins Showing Mixed Momentum

On Friday, December 1, Bitcoin managed to see a marginal gain of 0.29 percent. At the time of writing, the value of Bitcoin was $37,904 (approximately Rs 31 lakh). The price of Bitcoin has increased by $38 (approximately Rs 3,165) in the last 24 hours. Explaining the market situation, Partha Chaturvedi, Investment Lead at CoinSwitch Ventures, told Gadgets360 that buying pressure on BTC continues to outweigh selling pressure, which shows that investor confidence remains intact and optimistic.

Ether made a profit of 2.43 percent on Friday. With this, the value of Ether increased to $2,089 (approximately Rs 1.74 lakh) in the last 24 hours.

“This increase in value can be attributed to the recent news of MicroStrategy (MSTR) acquiring approximately 16,130 BTC in November, worth approximately $608 million (approximately Rs 5,064 crore). This development has boosted positive sentiment among market participants, pushing prices upward and creating bullish sentiment in the market. Meanwhile, the US SEC has requested comments from the general public on Fidelity’s spot ether ETF application. Ethereum, on the other hand, is trading between $2,000 (approximately Rs 1.66 lakh) and $2,100 (approximately Rs 1.74 lakh) levels,” Edul Patel, co-founder and CEO, Mudrex told Gadgets360.

Cryptocurrencies trading in the green today along with Bitcoin and Ether include Ripple, Solana, Dogecoin, Tron, Chainlink, Avalanche, and Polygon.

Small gains were also reflected by Polkadot, Shiba Inu, LEO, Uniswap, Cosmos and Stellar.

The total crypto market cap increased by 1.05 percent to $1.44 trillion (approximately Rs 1,19,97,259 crore) in the last 24 hours. coinmarketcap,

“The US SEC has requested comments from the general public on Fidelity’s Spot Ether ETF application. This development has boosted positive sentiment among market participants, pushing prices upwards and creating bullish sentiment in the market,” Patel said.

A new research from JPMorgan also shows that DeFi and NFT activity has also seen a recovery in recent months after a two-year slowdown.

Meanwhile, cryptocurrencies that suffered losses today include Binance Coin, Cardano, Litecoin, Cronos, and Binance USD.


Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risks. The information provided in the article is not intended to constitute financial advice, trading advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be responsible for any loss incurred from any investment based on any speculative recommendation, forecast or any other information contained in the article.

Affiliate links may be automatically generated – see our ethics statement for details.

(TagstoTranslate)bitcoin price today 1 december usd 38000 altcoins mixed price cryptocurrencies india cryptocurrencies

Leave a comment