Crypto Market Roars: DoubleZero, Zcash, and ENA Lead 24-Hour Charge
Forget the sideways grind—today's crypto market is moving. A select trio of digital assets just ripped through the charts, leaving the rest of the pack in the dust.
The Front-Runners Emerge
DoubleZero isn't just climbing; it's sprinting. Zcash, the privacy pioneer, is reminding everyone why anonymity still has a price. And ENA? It's not just participating in the rally—it's helping to fuel it. These aren't random pumps; they're signals of capital finding its next target.
What's Driving the Surge?
Look beyond the green candles. This action speaks to shifting narratives—whether it's fresh protocol utility, strategic partnership whispers, or simply traders chasing momentum before the weekend crowd shows up. In crypto, news travels at blockchain speed, and money moves even faster.
The Rest of the Board
While our top three dominate the conversation, the broader market is taking notes. A rising tide doesn't lift all boats equally; it floods the agile and leaves the anchored behind. Today's winners secured their gains while traditional finance was still debating its morning coffee—a delightful little jab at the old guard's speed.
Markets don't reward the hesitant. As these assets post double-digit gains, the only question left is who's next in line. One thing's clear: in the 24-hour crypto casino, the house isn't always winning—sometimes, it's the quick and the bold.
Major Crypto Events Today
Source: Forex Factory
24 Hour Crypto Market Update
Bitcoin (BTC) is trading at $91,064.32, up 1.8% in the last 24 hours, with a trading volume of $37.95 billion and a market cap of $1.81 trillion.
Ethereum (ETH) is priced at $3,101.66, rising 1.8% in 24 hours with a trading volume of $23.11 billion and a market cap of $374.41 billion.
Bitcoin (BTC) is priced at $91,193.74, showing a 1.97% gain with a trading volume of $51.3B.
Yooldo (ESPORTS) is trading at $0.3944, down 0.94%, and has a 24-hour volume of $195.9M.
Ethereum (ETH) is valued at $3,099.67, up 1.79%, with a trading volume of $22.51B.
XRP (XRP) is priced at $2.06, reflecting a 1.08% increase, and a trading volume of $3.05B.
DeMCP (DMCP) is trading at $0.0001068, up 14.39% in the last 24 hours, with a modest 24-hour volume of $14.39K.
DoubleZero (2Z) is trading at $0.1418, gaining 9.80% today, with a TV of approximately $78.7 million.
Zcash (ZEC) is priced at $349.44, up 4.33%, and has a TV of around $732 million.
Ethena (ENA) is currently $0.2719, increasing by 3.94%, with a TV of about $244 million.
BONK (Bonk) is priced at $0.059215, down 5.08%, with a trading volume of around $96.2 million.
IP (Story) is trading at $2.10, down 4.99%, and has a trading volume of approximately $32.5 million.
Monero (XMR) is valued at $369.55, showing a 4.96% loss, with a trading volume of about $136.4 million.
Stablecoins recorded no change in the past 24 hours, with a market cap of $312.43 billion and trading volume of $75.06 billion.
The Decentralized Finance (DeFi) market rose 0.5% in the last 24 hours, reaching a market cap of $111.94 billion, while total value locked (TVL) stands at $5.16 billion.
Fear and Greed Index Today
Source: Alternative Me
Today’s Fear & Greed Index shows Extreme Fear at 20, unchanged from yesterday. This reflects continued market panic driven by weak sentiment, recent price volatility, and low trading confidence. Investors remain cautious, keeping fear levels persistently high across daily, weekly, and monthly readings.
Latest Cryptocurrency Market News Today, December 8
Farcaster co-founder Dan Romero announced a shift from its social-first model to a wallet-driven strategy, after finding stronger product-market fit in its fast-growing in-app wallet to boost network adoption.
Coinbase has reopened registrations for Indian users and plans a 2026 fiat on-ramp, enabling direct crypto purchases. The exchange exited in 2023 after UPI restrictions halted its earlier 2022 launch.
ZKsync will retire its Lite network in 2026, saying it has fulfilled its purpose. Other systems remain unaffected. Around $50 million stays bridged, with L1 withdrawals operating normally and migration details coming next year.
SEC Chair Paul Atkins expects all U.S. financial markets to MOVE to blockchain within two years, saying digital assets and tokenization will boost transparency, efficiency, and overall risk management.
Crypto Koryo reports only four Layer-1 tokens gaining this year—BCH, BNB, HYPE, and TRX. BCH leads with 40% growth, driven by full supply, no VC pressure, and rising ETF speculation.
Binance released its 37th Proof of Reserves on Dec. 1, showing a 4% rise in user BTC holdings, while ETH and USDT balances dipped slightly compared to November.
Robinhood will enter Indonesia by acquiring Buana Capital Sekuritas and crypto trader Pedagang Aset Kripto. The deal closes in early 2026, with shareholder Pieter Tanuri continuing as a strategic advisor.
Crypto asset treasury companies in the US and Canada have seen stock prices plunge, with a median 43% decline. Heavy debt, no income from token holdings, and shifting investor sentiment drive the crash.
A weaker U.S. ADP data and easing Core PCE. Markets now watch the Federal reserve December rate decision and key speeches from Hassett and Japan’s Ueda.
Bittensor will hold its first TAO halving on December 14, cutting daily issuance to 3,600. With a Bitcoin-like 21M cap, analysts say it signals maturity as key AI subnets expand.
CoinGabbar’s Opinion
Based on today’s crypto update, investors should remain cautious. While Bitcoin and ethereum show modest gains and select tokens like DeMCP and 2Z are surging, the Fear & Greed Index signals extreme fear, and overall sentiment remains weak. The volatility is high, making short-term investments risky, though long-term opportunities may exist for disciplined, informed investors.
Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses.
