Cryptocurrency Price Today (December 17): Bitcoin Sets New ATH, Rises Above $107,500
Cryptocurrency price on December 17 quick take: The global market cap rose to $3.69 trillion.
Bitcoin (BTC) managed to set a new all-time high (ATH), touching the $107,756.83 mark early Tuesday, before settling down at around $106,000 at the time of writing. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — mostly landed in the greens across the board as the overall Market Fear & Greed Index stood at 81 (Extreme Greed) out of 100, as per CoinMarketCap data. The Bitget Token (BGB) became the top gainer, with a 24-hour jump of nearly 13 percent. Helium (HNT) was the biggest loser today, with a 24-hour dip of nearly 14 percent.
The global crypto market cap stood at $3.73 trillion at the time of writing, registering a 24-hour gain of 0.91 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $106,610.67, registering a 24-hour jump of 1.56 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.82 lakh.
Ethereum (ETH) Price Today
ETH price stood at $4,011.02, marking a 24-hour jump of 1.07 percent at the time of writing. Ethereum price in India stood at Rs 3.36 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 1.56 percent, as per CoinMarketCap data, currently priced at $0.3987. Dogecoin price in India stood at Rs 34.34.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 4.06 percent. At the time of writing, it was trading at $116.56. LTC price in India stood at Rs 10,359.64.
Ripple (XRP) Price Today
XRP price stood at $2.49, seeing a 24-hour gain of 3.64 percent. Ripple price in India stood at Rs 204.20.
Solana (SOL) Price Today
Solana price stood at $214.29, marking a 24-hour dip of 3.36 percent. SOL price in India stood at Rs 19,029.16.
Top Crypto Gainers Today (December 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitget Token (BGB)
Price: $3.60
24-hour gain: 12.88 percent
EigenLayer (EIGEN)
Price: $5.52
24-hour gain: 10.58 percent
Cronos (CRO)
Price: $0.1879
24-hour gain: 7.05 percent
Aptos (APT)
Price: $14.24
24-hour gain: 4.37 percent
Virtuals Protocol (VIRTUAL)
Price: $2.89
24-hour gain: 3.96 percent
Top Crypto Losers Today (December 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Helium (HNT)
Price: $8.63
24-hour loss: 13.39 percent
Raydium (RAY)
Price: $4.84
24-hour loss: 8.73 percent
Gala (GALA)
Price: $0.04609
24-hour loss: 8.04 percent
Ethereum Name Service (ENS)
Price: $44.59
24-hour loss: 7.90 percent
Kaia (KAIA)
Price: 0.2657
24-hour loss: 7.28 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continues its upward momentum, hitting a new all-time high of $107,700, driven by institutional buying. Semler Scientific added 211 BTC worth $21.5 million, while MicroStrategy acquired 15,350 BTC for $1.5 billion showing the institutional confidence in the market. The broader market is building momentum, getting ready for a “Santa Claus” rally ahead of the Feds meeting. Currently trading at $106,300, Bitcoin faces resistance at $108,900, with strong support at $101,700.”
CoinSwitch Markets Desk noted, “Bitcoin extended its weekend rally, hitting a new all-time high above $107,700, driven by rising spot volumes and the return of the Coinbase Premium during the US session, signalling robust buying activity. On the FTX front, Kraken and BitGo will distribute the first recovery payments to claimants in January 2025, over two years after the exchange’s collapse. In DeFi, Ethena Labs launched its BlackRock-backed stablecoin, USDtb, on December 16, quickly amassing $65.4 million in TVL. Backed 1:1 by cash equivalents, USDtb offers stability for Ethena’s USDe holders amid market volatility.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin's rise to its new all-time high this Monday of $107,700 is a significant moment for the crypto market, shaped by institutional adoption, record ETF inflows, and speculations about the formation of a U.S. Bitcoin strategic reserve. MicroStrategy's bold acquisition of 15,350 BTC illustrates the growing appetite for Bitcoin, seen as a macro asset. The anticipation of a Federal Reserve rate cut this week signals positive sentiments in the market, as there is optimism over the lower interest rates. While Bitcoin is now leading with strong fundamentals, historical trends indicate that altcoins, such as Ethereum and Solana, will likely follow suit.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin hit a new all-time high of $106,648 on Monday but retreated afterward as traders focused on the US Federal Reserve's upcoming interest rate decision on Wednesday. A 25 basis point cut is widely expected, potentially supporting BTC as lower rates favor risk assets. However, uncertainty over Fed's 2025 rate projections could impact momentum if they signal fewer cuts. Bitcoin Spot ETFs saw strong inflows, recording $2.17 billion last week, indicating sustained institutional demand. Despite this, technical indicators like RSI and Awesome Oscillator show early bearish divergence, suggesting weakening bullish momentum.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has hit another milestone after reclaiming the $100,000 level, achieving a new all-time high of $107K. Investor enthusiasm remains robust, as evidenced by Bitcoin's continued ascent. Cryptocurrency investment products have now seen inflows for ten consecutive weeks. Additionally, discussions in India's Lok Sabha regarding the upcoming cryptocurrency regulation bill have added to the market's optimism. Stakeholders are seeking clarity on definitions and tax implications, which could provide a more structured framework for cryptocurrency transactions in the country.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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