Bitcoin today 17/12/2024: On the rise, BTC breaks new record of US$ 107 thousand

The price of Bitcoin Today 17/12/2024 is showing a significant increase of more than 2% that made the asset return to trading above US$ 106 thousand. Yesterday, in the midst of its bullish peak, the asset set a new price record by surpassing US$ 107 thousand, but it was unable to sustain its upward movement and retracted to the current level. BTC has been quebrando record price for two days in a row.

Source: TradingView

Bitcoin reached a new all-time high on Monday, December 16, reaching the $107.822 mark, driven by several factors. The expectation of a rate cut by the Federal Reserve this week and statements by President-elect Donald Trump about the creation of a Bitcoin Strategic Reserve were the main drivers of this appreciation. The inclusion of MicroStrategy in the Nasdaq 100 index also increased optimism in the market, highlighting the growing institutional interest in cryptocurrencies.

Cryptocurrency analytics platform Santiment observed Bitcoin-related discussions have been on the rise in the wake of its new all-time high. “The largest cryptocurrency’s market cap has hit a surprising ATH after the crowd began to show impatience. Discussions are once again focused on Bitcoin’s dominance in the cryptocurrency market and its impact on altcoins.”

At the time of publication, the price of Bitcoin was quoted at US$ 106.894 with an increase of 2.7% in the last 24 hours, equivalent to approximately R$ 660.943,01 BRL and € 101.735,97 EUR.

Similarly, following Bitcoin’s recent move, most major cryptocurrencies are seeing significant price gains in the last 24 hours while others are seeing significant declines. Ethereum is trading at $3.997,75 with a 2.3% increase in its price. XRP is trading at $2,68 with a 13.9% increase. Cardano is up 4.2% and is now priced at $1,10. Solana is up 3.8% and is trading at $222,12.