The post Crypto Market Today (Dec 17th, 2024): Bitcoin Soars Amid Extreme Greed Sentiment appeared first on Coinpedia Fintech News
The crypto market is continuing its bullish streak, as investors fuel the optimism. This led to the market cap climbing 2.87% to $3.76 trillion in 24 hours, and the trading volumes shooting up 21.38% to $206.02 billion. Amidst this, the Fear & Greed Index highlights an “Extreme Greed” score of 81.
Bitcoin Price Today
Bitcoin has been the primary driving force of the crypto market since yesterday. It is currently changing hands at $106,871.72 with a surge of 3.14% over the previous day. The greenish numbers did influence traders, who pushed the volumes to $79.4 billion, an 18% extra over the previous day. Bitcoin has now solidified its market presence with its dominance at 56.28%, which could only increase in the near short-term.
Read our Bitcoin Price Prediction for deeper insights into BTC’s future trajectory.
Altcoin Watch: ETH, SOL, XRP Shine
Ethereum has been building momentum on its daily chart, with a 2.29% price spike it is now trading at $3,996.71. While Solana delivered a notable spike of 3.57% to $221.09, XRP was the standout performer, rallying by 14.58% to $2.69.
Curious about ETH’s future? Read our Ethereum Price Prediction for potential price targets!
Top Gainers & Losers:
BGB led the top 100 cryptos with a 16.67% price spike to $3.81, followed by XLM, which rose 11.83% to $0.463. XRP took the spotlight, registering a 10.53% increase for the day.
On the losing side, HNT price fell 8.08% to $8.99, followed by ENS, which sunk 6.76% to $44.07. VIRTUAL also slipped by 6.52% to $2.74.
FAQs
Bitcoin is currently priced at $106,871.72, with a 3.14% gain over the past 24 hours.
Bitget Token (BGB), Stellar (XLM), and XRP were the top gainers, with increases of 16.67%, 11.83%, and 10.53%, respectively.
The Fear & Greed Index with a score of 81, highlights “Extreme Greed” sentiment among investors.