Bitcoin today 12/12/2024: BTC rises 2% and trades above $100K while ADA soars 11%

The price of Bitcoin Today 12/12/2024 is showing a significant recovery of more than 2% that made the asset return to trading above the US$ 100 thousand zone. Today the asset reached a peak at US$ 101.961. The cryptocurrency market is registering considerable highs today, with the Cardano (ADA) stood out for its 11% increase, leading gains among the main cryptocurrencies in the market.

Yesterday, the cryptocurrency market reacted positively and began an upward movement, with Bitcoin (BTC) surpassing the US$ 101 thousand mark, driven by disclosure of the Consumer Price Index (CPI) in the United States, which was in line with analysts’ expectations. US economic indicators continue to play a significant role in market behavior. The expectation that the Federal Reserve may soon cut interest rates brought additional optimism to investors.

At the time of publication, the price of Bitcoin was quoted at US$ 100.374 with a drop of 2.2% in the last 24 hours, equivalent to approximately R$ 597.978,52 BRL and € 95.492,83 EUR. In its weekly development, the asset showed a slight retraction of 1.9%.

ADA is seeing significant gains today, benefiting from significant gains amid the market recovery. At press time, Cardano’s price was trading at $1,14, up 11.1% in the last 24 hours. In seven days, the asset has seen a decline of 7.0%.

Amid the bullish market outlook, following Bitcoin’s recent rally, most major cryptocurrencies are seeing significant price recoveries over the past 24 hours. Ethereum is trading at $3.912,18, up 5.3%. XRP is currently trading at $2,40 after rising 1.9% in the past day. Solana is up 1.9% and trading at $229,27.

Additionally, cryptocurrencies Chainlink (LINK), Sui (SUI), and Aave (AAVE) are all notable for their gains today. While LINK and Sui are up over 21% and 25% respectively, AAVA is leading the market’s gains, rising 30% in the past 24 hours.