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.

Source: TradingView

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.