The post Crypto News Today (Dec 17th, 2024): Bitcoin Hits Fresh ATH of $107k | BGB Price Surges 14.29% appeared first on Coinpedia Fintech News
The crypto market today has resumed its bullish momentum, with investor optimism fueling the industry’s market cap to $3.73 trillion, a 1.08% spike in 24 hours. Successively, the trading volume too shot up an impressive 28.53% to $204.47 billion. Meanwhile, the Fear & Greed Index stands at an “Extreme Greed” score of 81, as Bitcoin achieves a new all-time high.
BTC Breaks Records: Michael Saylor Proposes Bitcoin Framework
Bitcoin has led the market’s rally by claiming another all-time, this time at $107,780.58. After a meaty run, the BTC price is presently changing hands at $106,484.21. Its intraday trading volume with a surge of 29.72% to $80.64 billion, continues to bolster the strong demand for Bitcoin. Moreover, Michael Saylor’s recent proposal to use Bitcoin to address the U.S. $36 trillion debt crisis has sparked discussion amongst the folks in crypto town.
Explore our Bitcoin Price Prediction for deeper insights into BTC’s future trajectory.
Altcoins Today: ETH, XRP Rise While SOL Slides
Ethereum price saw a minor uptick of 1.14% on its daily chart, trading just above the $4,000 mark. XRP ceased the moonish trend with a 3.37% price gain to $2.49, this could also be complemented by the news of former RBI governor Raghuram Rajan joining Ripple’s advisory board. Solana on the other hand, chose to differ with a 3.80% dip to $213.42.
For an in-depth insight into ETH’s price performance, check out our Ethereum Price Prediction.
Top Gainers:
BGB: Climbed 14.29%, emerging as the day’s top performer.
CRO: Gained 8.09%, sustaining positive momentum.
APT: Increased by 4.99%, reflecting strong investor support.
Top Losers:
HNT: Dropped 13.05%, leading the market decline.
RAY: Fell 9.03%, facing bearish sentiment.
ENA: Lost 8.20%, lagging behind its peers.
Subscribe to stay tuned for tomorrow’s updates on the evolving cryptocurrency landscape!
FAQs
What is the Fear & Greed Index today?
The Fear & Greed Index is presently at 81, indicating “Extreme Greed.”
Which altcoins performed the best today?
BGB (+14.29%), CRO (+8.09%), and APT (+4.99%) led the day’s top gainers.
What caused Bitcoin to hit a new ATH?
Bitcoin’s rally was fueled by growing optimism and increased trading volume.
