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Cryptocurrency News Articles
Bitcoin (BTC) Tops $107,000 Briefly, All Cryptos Market Cap Dips
Dec 18, 2024 at 03:52 am
Bitcoin topped the $107,000 price level in the global cryptocurrency markets before the orange coin retreated due to easy profit-taking by retail investors.
Bitcoin price briefly topped the $107,000 price level in the global cryptocurrency markets Monday evening, before the orange coin retreated due to easy profit-taking by retail investors.
The world’s largest crypto asset has now settled at $106,500 while Ethereum traded near $4,000—the market being so kind, the second largest crypto asset could cross $4000, according to analysts.
Due to the price fluctuation, the global crypto market cap settled at $3.73 trillion on Tuesday, a 0.30% decrease over the last day.
The total crypto market volume over the last 24 hours reached $191.55 billion, according to data from CoinMarketCap.com, which makes a 12.70% decrease.
Also, the total volume in DeFi printed at $12.59 billion, accounting for 6.57% of the total crypto market 24-hour volume. The volume of all stable coins is now $175.63 billion at the press time, which is 91.69% of the total crypto market 24-hour volume.
Bitcoin (BTC-USD) rose to a record topping $107,000, while other major cryptocurrencies advanced. The CoinDesk Market Index, which tracks 126 digital assets, still dropped 1.8% in the past 24 hours.
The Nasdaq 100 rose 1.2% and the S&P 500 climbed 0.4%, while the Dow Jones Industrial Average eased 0.2%.
Bitcoin earlier reached an all-time high of $107,780, according to CoinMarketCap data. The most popular digital currency was up 2.9% to $106,064 in late trading. Bitcoin’s 24-hour trading volume more than doubled to $96 billion.
Ethereum (ETH-USD), the second-largest digital asset by market value, jumped 4% to $4,048. XRP (XRP-USD) climbed 2.7% and BNB (BNB-USD) gained 1.1%. Solana (SOL-USD) fell 1.9%, while Dogecoin (DOGE-USD) edged up 0.2% and Cardano (ADA-USD) added 1.2%.
The US 10-year Treasury yield closed at 4.395%, little changed from the previous day’s close of 4.397%, while the five-year yield rose to 4.252% from 4.246%.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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