Key takeaways

• JASMY is one of the top performers in the market, up 16% in the last 24 hours. 
• The coin could rally towards $0.034 soon amid bullish momentum.

JASMY outperforms the market

Memecoins have been performing excellently over the past few days, with DOGE, SHIB, FLOKI, PEPE, and PENGU all rallying to new monthly highs. JASMY is not left out as the memecoin is up 16% over the last 24 hours.

At press time, JASMY is trading at $0.02008 and could rally higher in the near to medium term. Data obtained from CoinMarketCap revealed that roughly 53% of JASMY’s total circulating supply moved into whale wallets since the start of the month. In addition to that, exchange reserves dropped to their lowest point since 2024. 

This combination of lower supply on exchanges and increased holdings by whales is creating a price squeeze. With fewer tokens available to buy, JASMY’s price is appreciating. 

JASMY eyes the $0.034 resistance level

The JASMY/USD 4-hour chart is bullish but inefficient. The inefficiency could see JASMY grab liquidity around $0.01854 before preparing for another leg up. The technical indicators are extremely bullish thanks to its ongoing rally.

The Relative Strength Index of 70 shows that JASMY is heading into the overbought region. The Moving Average Convergence Divergence (MACD) lines are also within the positive zone, indicating a strong bullish bias.

The memecoin has also formed a double bottom pattern, which is generally viewed as a bullish reversal signal. The double bottom pattern’s neckline lies within the $0.0226–$0.024 range, with analysts looking at these key levels as confirmation of a breakout.

JASMY could be looking to hit the first major resistance level at $0.022387, which is also its 4.618 Fibonacci level. An extended rally would allow JASMY to hit the $0.025 resistance level over the next few hours. The February high of $0.03440 remains a medium-term target for the JASMY token. 

On the flipside, JASMY could dip lower if the market encounters a correction. JASMY could retest the weekend’s low of $0.01640. However, an extended bearish performance would force the bulls to defend the TLQ and major support level at $0.01525.

The cryptocurrency market experienced a flash crash today, with Bitcoin (BTC) plunging to $92,000 after reaching an all-time high of $103,000. Major altcoins, including Ethereum (ETH) and XRP, mirrored this trend, leading to significant liquidations across the market. Despite the downturn, Solana (SOL) emerged as the top gainer among the top 10 cryptocurrencies, rising 6% at the time of writing. JasmyCoin (JASMY) outperformed all, surging by an impressive 36%.

The global crypto market cap saw a slight decline, now at $3.57 trillion, while the overall trading volume surged 22% in the last 24 hours. The Fear and Greed Index, which reflects extreme greed at 81, highlights strong investor sentiment despite the volatility.

Here’s a brief overview of some leading cryptocurrencies by market cap and their prices today, December 6.

Cryptocurrency Market Today: BTC Crashes, ETH Climbs, and SOL Gains 6%

Bitcoin price today tanked considerably, touching a low of $91,998 in the past 24 hours. Over $649 million was liquidated as Bitcoin dropped below the critical $100,000 level. Major altcoins also followed a similar pattern, experiencing sharp volatility.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $97,541 at the time of writing, reflecting a 4% decline in the last 24 hours. Its 24-hour high reached $103,900, while it has recorded a substantial 33% increase over the past month. The market cap is currently at $1.93 trillion, with $146 billion in trading volume in the past 24 hours. BTC’s market dominance has dropped slightly, now standing at 53.84%.

Institutional activity continues to influence market trends. SoSo Value reported BTC ETF outflows of $3.85 million on Thursday, while Fidelity purchased $47 million worth of Bitcoin. Grayscale sold $148 million in GBTC shares while acquiring $95 million worth of BTC ETFs through its Bitcoin Mini Trust. BlackRock’s data on BTC activity remains anticipated.

Meanwhile, contrasting opinions about Bitcoin’s future have emerged. Peter Schiff suggested that Bitcoin could potentially destroy the U.S. dollar, while Fed Chair Jerome Powell expressed a more cautious perspective, emphasizing a balanced view of cryptocurrency’s implications.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,859 at the time of writing, reflecting a 1% increase in the past 24 hours. The 24-hour low and high for ETH were $3,683 and $3,956, respectively.

Ethereum holds a market cap of $465 billion and has recorded a trading volume of $57 billion in the last 24 hours. Its market dominance stands at 13%, maintaining its position as the second-largest cryptocurrency by market cap.

XRP Price Today

XRP price was trading at $2.30, showing a 2% decline over the last 24 hours. Its 24-hour low and high were $2.23 and $2.48, respectively. XRP holds a market cap of $131 billion and recorded a trading volume of $17 billion, ranking it fourth among the top cryptocurrencies by market cap.

In other news, manufacturing company Worksport has announced plans to adopt Bitcoin and XRP for their corporate treasury. The company’s Board of Directors has already approved purchases of BTC and XRP, signaling a growing trend of institutional adoption in the cryptocurrency market today.

Solana Price Today

Solana (SOL) price was trading at $241, up by 6% in the past 24 hours. Its 24-hour low and high were $228 and $246, respectively. With a market cap of $228 billion and a trading volume of $9.41 billion in the last 24 hours, SOL maintains its position as the 5th largest cryptocurrency by market cap in the cryptocurrency market today.

Meme Cryptocurrency Market Today

The cryptocurrency market today saw a decline in meme coins. Dogecoin (DOGE) price dropped by 2%, trading at $0.43, while Shiba Inu (SHIB) also fell by 2%, priced at $0.00003079.

Despite the decline in top meme coins, other notable ones like PEPE, WIF, and Bonk showed slight gains. These coins increased by 1% to 4% in the past 24 hours, providing some positive movement in the meme coin segment.

Top Crypto Gainers Prices Today

JasmyCoin

JasmyCoin (JASMY) price was trading at $0.05225, marking a 36% gain in the past 24 hours. The 24-hour low and high for JASMY were $0.04173 and $0.05868, respectively, showing significant volatility.

In addition to its daily growth, JasmyCoin has seen extraordinary performance over the past week and month. It is up by 100% in the last week and an impressive 160% over the past month, positioning it as one of the top gainers in the cryptocurrency market today.

Worldcoin

Worldcoin (WLD) price was trading at $4, showing a 21% increase in the past 24 hours. Its 24-hour low and high were $3.20 and $4.17, respectively, reflecting notable price fluctuations.

dYdX (Native)

dYdX (DYDX) was up by 17%, trading at $2.11. Its 24-hour low and high were $1.75 and $2.163, respectively, showing notable price fluctuations. This surge reflected strong momentum for dYdX, making it a standout performer in the cryptocurrency market today.

Top Crypto Losers Prices Today

IOTA

IOTA price was down by 9% at the time of writing, trading at $0.4434. Its 24-hour low and high were $0.44 and $0.50, respectively, indicating some volatility. With a market cap of $1.57 billion, IOTA remains in the top 100 cryptocurrencies by market cap, despite its recent decline.

Algorand

Algorand (ALGO) price was down by 8%, trading at $0.453, making it the second top loser in the last 24 hours. Its 24-hour low and high were $0.44 and $0.49, respectively, reflecting the volatility in its price.

VeChain

VeChain (VET) price was down by 7%, trading at $0.06535 in the cryptocurrency market today. Its 24-hour low and high were $0.0641 and $0.0733, respectively, showing notable fluctuations in its price.

The hourly time frame charts are showing weak momentum across the cryptocurrency market today, with Bitcoin (BTC) down by 1%. Major altcoins are following a similar pattern, showing slight declines, while Ethereum (ETH) is up by 1% in the past hour.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.