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<p class="is-style-lead">This week, the global cryptocurrency market cap soared 5% to $1.49 trillion, marking its highest point since the Terra-induced collapse of last May. Several assets — Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>), Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) and Celestia (<a href="https://crypto.news/price/celestia/">TIA</a>) — registered impressive gains.</p> 
<h2 class="wp-block-heading" id="bitcoin-nears-40-000">Bitcoin nears $40,000</h2> 
<p>Bitcoin has been on a rampage since breaking out of the consolidation in early October. The premier crypto has continued to register impressive bullish closes, and this week was no different. With a 5.41% increase over the past seven days, Bitcoin is on track to <a href="https://crypto.news/bitcoin-nears-40k-bullish-indicators-suggest-momentum/" data-type="link" data-id="https://crypto.news/bitcoin-nears-40k-bullish-indicators-suggest-momentum/">record</a> its seventh consecutive bullish week.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="544" src="https://crypto.news/app/uploads/2023/12/BTC-price-Dec-3-1024x544.png" alt="Top cryptos to watch this week: BTC, ETH, TIA - 23" class="wp-image-14222763">
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  BTC price – Dec. 3 | Source: Trading View
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</figure> 
<p>This streak of bullish closes began in mid-October when the asset changed hands at the $27,000 territory. Amid increased optimism from sustained <a href="https://crypto.news/grayscale-poaches-invesco-exec-ahead-of-potential-bitcoin-etf/">ETF discussions</a>, Bitcoin has extended the wins to seven straight weeks.&nbsp;</p> 
<p>This week was less challenging than most, as BTC only registered two days of mild intraday declines. These declines came up on Nov. 27 (0.56%) and Nov. 30 (0.37%). Other days recorded bullish gains, but Dec. 1 stood out, as BTC surged 2.54%, marking its highest intraday gain for the week.</p> 
<p>This Dec. 1 rally brought BTC the closest to the $39,000 territory in 17 months. The asset spiked to $38,983 but witnessed bearish resistance. BTC showed resilience, closing Dec. 1 at $38,688 to have another go at $39,000 the following day.</p> 
<p>This <a href="https://crypto.news/bitcoins-latest-price-surge-80-of-holders-at-profit/">second push</a> was successful, helping Bitcoin reclaim $39,000 for the first time since the Terra implosion of last May. Bitcoin has built on this rally, changing hands at $39,489 at the reporting time, with the $40,000 price threshold its next target.</p> 
<p> You might also like: <a href="https://crypto.news/hong-kong-singapore-attracting-increasing-crypto-vc-funding/"> Hong Kong, Singapore attract increasing crypto VC funding </a> </p> 
<h2 class="wp-block-heading" id="ethereum-hits-17-month-high">Ethereum hits 17-month high</h2> 
<p>Bitcoin’s uptrend favorably impacted Ethereum’s price, as both assets maintained their close correlation this week. Ethereum started the week with mixed signals, dropping 1.71% on Nov. 27, but rising 0.99% the next day. Nov. 29 also brought another decline, with a 0.90% slide.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="541" src="https://crypto.news/app/uploads/2023/12/ETH-price-Dec-3-1024x541.png" alt="Top cryptos to watch this week: BTC, ETH, TIA - 24" class="wp-image-14222764">
 <figcaption class="wp-element-caption">
  ETH price – Dec. 3 | Source: Trading View
 </figcaption>
</figure> 
<p>However, Ethereum’s bullish story began on Nov. 30 despite BTC’s 0.37% drop. ETH rallied 1.12% that day, extending this bullish run to the new month. The asset gained 1.72% on Dec. 1, with its largest intraday gain amounting to a 3.75% surge on Dec. 2.&nbsp;</p> 
<p>The Dec. 2 rally was Ethereum’s major boost this week, as the asset leveraged it to hit a 17-month high of $2,184. Despite facing a roadblock at this new yearly peak, the bulls retained their hold, keeping Ethereum above $2,100 at the close of day. Currently trading for $2,164, ETH is up 4.97% this week.</p> 
<h2 class="wp-block-heading" id="celestia-clinches-new-ath-in-60-weekly-gain">Celestia clinches new ATH in 60% weekly gain</h2> 
<p><a href="https://crypto.news/celestia-tia-rises-25-despite-decrease-in-social-media-buzz/">Celestia</a> was not left out in the market-wide uptrend this week. While Bitcoin and Ethereum flashed mixed signals at the start of the week, TIA went full-on bullish, surging 8.17% on Nov. 27 and 6.06% on Nov. 28. The following day was not very favorable, leading to a 3.53% decline.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="539" src="https://crypto.news/app/uploads/2023/12/TIA-price-Dec-3-1024x539.png" alt="Top cryptos to watch this week: BTC, ETH, TIA - 25" class="wp-image-14222765">
 <figcaption class="wp-element-caption">
  TIA price – Dec. 3 | Source: Trading View
 </figcaption>
</figure> 
<p>However, these drops did nothing to negate the ongoing uptrend. Celestia rallied by a massive 42% from Nov. 30 to Dec. 2, recording three consecutive days of bullish momentum. Amid this momentum, TIA began recording new all-time highs on Dec. 2. The asset’s latest ATH was $9.31 today.</p> 
<p>Celestia’s massive uptrend put it among the top gainers over the past seven days. The asset is up 61% this week, securing third among the largest gainers. Celestia is facing a 0.48% drop today, but the asset has held up well above $8.5, currently changing hands at $8.81.</p> 
<p> Read more: <a href="https://crypto.news/grayscale-poaches-invesco-exec-ahead-of-potential-bitcoin-etf/"> Grayscale poaches Invesco exec ahead of potential Bitcoin ETF </a> </p>

Top cryptos to watch this week: BTC, ETH, TIA

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