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  • Shrishesh Tanksalkar
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    Crypto News Today (Dec 17th, 2024): Bitcoin Hits Fresh ATH of $107k | BGB Price Surges 14.29%

    Story Highlights
    • Bitcoin price brushed a new all-time high of $107,780.58 earlier today

    • Michael Saylor proposes Bitcoin as a solution to address the U.S. debt crisis

    • Former RBI governor Raghuram Rajan joins Ripple Advisory Board

    The crypto market today has resumed its bullish momentum, with investor optimism fueling the industryโ€™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 โ€œExtreme Greedโ€ score of 81, as Bitcoin achieves a new all-time high.

    BTC Breaks Records: Michael Saylor Proposes Bitcoin Framework

    Bitcoin has led the marketโ€™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 Saylorโ€™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 BTCโ€™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 Rippleโ€™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 ETHโ€™s price performance, check out our Ethereum Price Prediction.

    Top Gainers:

    • BGB: Climbed 14.29%, emerging as the dayโ€™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 tomorrowโ€™s updates on the evolving cryptocurrency landscape!

    FAQs

    What is the Fear & Greed Index today?

    The Fear & Greed Index is presently at 81, indicating โ€œExtreme Greed.โ€

    Which altcoins performed the best today?

    BGB (+14.29%), CRO (+8.09%), and APT (+4.99%) led the dayโ€™s top gainers.

    What caused Bitcoin to hit a new ATH?

    Bitcoinโ€™s rally was fueled by growing optimism and increased trading volume.

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