
The cryptocurrency market experienced a bullish rally on December 17, with Bitcoin (BTC) surpassing an all-time high of $107,700.
Global crypto market cap rose 1% to $3.72 trillion, while trading volume increased 34% to $211 billion, indicating increased investor activity.
Bitcoin hits new ATH
Bitcoin led the rally, gaining 2% in the last 24 hours to trade at $106,256.
The leading cryptocurrency recorded a low of $103,320 and a high of $107,777 in 24 hours, with its market capitalization reaching $2.11 trillion. BTC’s dominance in the market remained at 56.46%.
Institutional interest in Bitcoin remained strong, with Bitcoin ETFs seeing inflows of $218 million.
Major players such as Fidelity, Arch and 21Shares made significant contributions, fueling optimism.
Meanwhile, Michael Saylor’s proposal to use Bitcoin to address the US debt underlined the growing recognition of BTC’s financial potential.

Source: coinmarketcap
Ethereum and XRP recorded gains
Ethereum (ETH) is trading up 2% at $4,020, showing continued upward momentum with a 24-hour high of $4,108. Its market cap was $484 billion, supported by a trading volume of $43 billion.
The ETH ETF saw inflows of $20 million, indicating continued interest from investors.
XRP is also up 2% to trade at $2.48 with a market cap of $142 billion.
Analysts predict the upcoming launch of the RLUSD stablecoin will lead to a potential surge to $7, which is expected to help drive adoption of XRP.
Meanwhile, Solana (SOL) suffered a 4% decline, trading at $214 after reaching a high of $223.
Despite short-term downside, long-term prospects remain optimistic, with Messari’s 2025 Crypto Thesis report projecting explosive growth for the Solana ecosystem.
meme coins under pressure
Meme cryptocurrencies faced bearish sentiment, with Dogecoin (DOGE) and Shiba Inu (SHIB) falling 1% and 2% respectively.
DOGE traded at $0.40, while SHIB fell to $0.00002706. Other meme tokens like PEPE and BONK also saw losses of up to 3%.

Source: coinmarketcap
Top gainers and losers
Bitget Token (BGB) rose 16% to $3.65, emerging as the top gainer after receiving regulatory approval from the Central Bank of El Salvador.
Cronos (CRO) is up 7% to trade at $0.188, while Virtual Protocol (VIRTUAL) is up 6% at $2.86.
On the downside, Helium (HNT) fell 11% to $8.48, followed by GALA, which fell 10% to $0.045.
Radium (RAY) also fell 9% to $4.89, reflecting bearish sentiment in the altcoin market.
Bitcoin rose 0.50% in the past hour, and major altcoins like ETH, XRP, and Binance Coin (BNB) posted modest gains, signaling a possible market correction.
The mixed performance of the asset highlights the evolving dynamics of the cryptocurrency market.
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