The post Crypto Market Today (Dec 16, 2024): Bitcoin Hits New ATH Above $106k | Market Goes “Extreme Greed” appeared first on Coinpedia Fintech News
The crypto market today has commenced its trade on a bullish note, with Bitcoin price hitting a new ATH above $106k. This feat has led to the industry’s market cap shooting up 1.72% to $3.7 trillion. The fueling optimism has resulted in the trading volumes jumping 24.55% with the numbers at $159.63 billion. The positive market sentiments are evident with the Fear & Greed meter hitting an extreme greed score of 80.
Bitcoin Breaks All Previous Records, Creates New ATH
Bitcoin continues to single-handedly lead the market’s greenish numbers. After claiming a new all-time high of $106,488.25 a couple of hours ago, BTC is currently changing hands at $104,980.21. This came with the intraday trading volumes surging 61.86% to $62.53 billion. BTC’s new benchmark has instilled hopes of it claiming $110k by the year-end.
Curious about where the Bitcoin price is heading next? Read our Bitcoin (BTC) Price Prediction for potential price targets!
Altcoins Today: ETH, SOL Spike Up, While XRP Slips
The top altcoins today have posted mixed sentiments on their charts. While Ethereum’s price rose by 2.03% to $3,968.67, Solana saw a rather bland gain of 1.29% with its price at $222.59. XRP on the other hand, slipped by 1.08% to $2.41. However, the market did witness some action with gainers and losers from the top 100.
For a deeper dive into Ethereum’s potential, check out our latest Ethereum Price Prediction.
Top Gainers & Losers:
Among the top 100 cryptos, Ondo led the pack, surging 14.57% to $2.10. It was followed closely by Fantom (FTM), which gained 14.32%, and VIRTUAL, which climbed 13.65%.
On the losing side, KuCoin Token (KCS) fell by 7.95%, Kaia slipped by 6.84%, and Curve DAO Token (CRV) sunk by 5.47%.
Interested in staying ahead of the market curve? Subscribe to us, for timely updates on the latest crypto news and crypto prices.
FAQs
The total global cryptocurrency market cap stands at $3.7 trillion, up 1.72% in the last 24 hours.
Ondo (+14.57%), Fantom (+14.32%), and VIRTUAL (+13.65%) were the top gainers.
The Fear & Greed Index currently stands at 80, signaling “Extreme Greed.”
