Crypto Market Today (Dec 16, 2024): Bitcoin Hits New ATH Above $106k | Market Goes “Extreme Greed”

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%.

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