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    Home»Metaverse»Bitcoin approaches $108,000, ETF inflows drive optimism
    Metaverse

    Bitcoin approaches $108,000, ETF inflows drive optimism

    Comic VibeBy Comic VibeDecember 17, 2024No Comments5 Mins Read
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    Bitcoin nears new all-time peak

    Reaching new all-time high of $107,700, Bitcoin (BTC) has attracted significant interest from the market. The unprecedented rally has boosted investor confidence and optimism. Bitcoin is trading at $106,456, up 2% in the past 24 hours. The lowest price in 24 hours was $103,320 and the highest price was $107,777. Bitcoin’s trading volume reached US$83 billion, its market value reached US$2.11 trillion, and it continues to control the market with a market share of 56.46%.

    Bitcoin nears new all-time peak

    Source: CoinGecko

    A large amount of money has flowed into Bitcoin ETFs, further increasing investor trust. SoSo Value reported an inflow of $636 million on Monday. BlackRock leads the way with $418 million, followed by Fidelity with $116 million. Bitwise increased capital by US$30 million; Ark and 21Shares contributed US$47 million. Especially among institutional investors, these purchases indicate growing interest in Bitcoin ETFs.

    In other news, MicroStrategy’s Michael Saylor suggested using Bitcoin to solve the US’s $36 trillion national debt. His bold proposal reflects Bitcoin’s growing importance in financial innovation and global economic policy debates.

    Ethereum Price Shows Continued Profits

    It traded at $4,020 in the past 24 hours, Ethereum (ETH) rose 2%. The lowest price reached $3,553 and the highest price reached $4,108, showing continued growth. Ethereum has a market capitalization of $484 billion, supported by $43 billion in transaction volume.

    Ethereum Price Shows Continued Profits

    Source: CoinGecko

    Despite inflows reaching $51 million, investor interest in the Ethereum ETF remains high. BlackRock tops the list with $30 million in funding, followed by Bitwise ($8 million) and Fidelity ($4 million). The numbers underscore growing hopes for Ethereum’s long-term viability. As usage of the Ethereum ecosystem continues to increase, the market is keenly observing its changes.

    XRP Price Maintains Positive Momentum

    Trading price is $2.48, Ripple It rose 2% in the past 24 hours. Reflecting the ongoing upward trend, its 24-hour low was $2.344 and the high was $2.548. XRP has a trading volume of US$12 billion, a market capitalization of US$142 billion, and a market share of 3.81%, making it still the third largest cryptocurrency by market capitalization.

    XRP Price Maintains Positive Momentum

    Source: CoinGecko

    For XRP, analysts expect more gains and a jump to $7. The release of the RLUSD stablecoin is designed to increase acceptance and help XRP grow over time. In this case, investors are paying close attention to the direction of XRP.

    Solana price drops

    It traded at $214 in the past 24 hours, Solana (SOL) fell 4% in price. Due to high market volatility, the cryptocurrency reached a low of $211 and a high of $223. Despite the decline, Solana remains the sixth largest available cryptocurrency.

    Solana price drops

    Source: CoinGecko

    Messari’s 2025 Cryptocurrency Paper predicts Solana’s exponential expansion. The paper highlights Solana’s growing acceptance and its expanding impact on the cryptocurrency space. Investors remain hopeful about Solana’s future and expect a sharp recovery in the coming months.

    Meme Coin Faces Bearish Sentiment

    Meme coins have negative momentum today. Dogecoin (DOGE) is trading at $0.40, down 1%. Shiba Inu (SHIB) fell 2% to trade at $0.00002706. Prices of other meme-based cryptocurrencies such as PEPE, WIF and BONK also fell between 2% and 3%.

    The drop signals a brief decline in investor sentiment toward meme coins. Despite its recent outperformance, Meme coin still has a niche in the larger cryptocurrency market.

    Today’s Best Cryptocurrency Winners

    The price of Bitget Token (BGB) increased by 16%, making it the largest gainer of the currency today. It was trading at $3.65; its 24-hour low was $3.091 and its high was $3.66. This rapid growth marks Bitget’s next legislative milestone. Bitget is licensed by the Central Bank of El Salvador to operate as a Bitcoin Service Provider. The positive attitude and investment interest in BGB stems from this evolution.

    Cronos (CRO) is trading at $0.188, up 7% in the past 24 hours. The lowest price in 24 hours was $0.17 and the highest price was $0.19. Volume was $131 million, giving Cronos a market capitalization of $5 billion. The price explosion shows growing investor confidence and continued growth in demand for the token.

    Virtual Protocol (VIRTUAL) is trading at $2.86, up 6%. In the past 24 hours, the lowest price was $2.70 and the highest price was $3.28. This upward momentum underscores the growing curiosity about virtual protocols and their growing influence in the market.

    Cryptocurrency’s Biggest Losers Today

    Helium (HNT) fell 11% today, its biggest decline. Its trading price is US$8.48; the lowest price is US$8.40 and the highest price is US$10.10. Price trends reveal significant volatility and pessimism about helium. As the market deals with these difficulties, investors are paying close attention to HNT’s performance.

    GALA shares were trading at $0.045, down 10%. The highest price was $0.0502 24 hours ago and fell to $0.04483. With trading volume of $344 million and a market valuation of $1.67 billion, GALA remains active despite the decline, reflecting continued investor activity.

    Raydium (RAY) is trading at $4.89, down 9%. Over the past 24 hours, Bitcoin fell from $4.87 to $5.40 before rising. Despite its decline, Raydium is still attracting market interest. Investors are watching closely for signs of recovery.

    Among the major cryptocurrencies, the hourly chart shows good momentum. Bitcoin (BTC) has edged up just 0.50% over the past hour. Ethereum (ETH), XRP and Binance Coin (BNB) also posted modest gains, reflecting a brief rebound in the market. Mixed trends emphasize ongoing market activity as investors seek consistency in temporary fluctuations.

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