Crypto Market Today (Dec 16, 2024): Bitcoin Hits New ATH Above $106k

The crypto market began buying and selling bullish as we speak, with the Bitcoin worth hitting a brand new ATH above $106k. This efficiency has resulted within the sector’s market capitalization growing by 1.72% to $3.7 trillion. Fueling optimism has seen buying and selling volumes rise 24.55% to $159.63 billion. The constructive market sentiment is clearly seen: the Worry & Greed meter scores an excessive greed rating of 80.

Bitcoin breaks all earlier information and creates new ATH

Bitcoin continues to single-handedly lead the market’s inexperienced numbers. After claiming a brand new all-time excessive of $106,488.25 just a few hours in the past, BTC is at the moment altering palms at $104,980.21. This got here as intraday buying and selling volumes rose 61.86% to $62.53 billion. BTC’s new benchmark has raised hopes that the corporate will declare $110,000 by the tip of the 12 months.

Questioning the place the Bitcoin worth is headed? Learn our Bitcoin (BTC) worth forecast for potential worth targets!

Altcoins as we speak: ETH, SOL rise, whereas XRP slides

At this time’s high altcoins have posted blended evaluations on their charts. Whereas Ethereum’s worth rose 2.03% to $3,968.67, Solana noticed a slightly lackluster acquire of 1.29% at $222.59. XRP, then again, fell 1.08% to $2.41. Nonetheless, the market did witness some motion with winners and losers from the highest 100.

For a deeper dive into Ethereum’s potential, try our newest launch Ethereum worth prediction.

Expensive Winners and Losers:

Among the many high 100 cryptos, Ondo led the pack, rising 14.57% to $2.10. It was carefully adopted by Fantom (FTM), which rose 14.32%, and VIRTUAL, which rose 13.65%.

On the shedding aspect, KuCoin Token (KCS) fell 7.95%, Kaia fell 6.84% and Curve DAO Token (CRV) fell 5.47%.

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