The price of Bitcoin (BTC) has exceeded $17,000 today, a gain of over 12 percent in the last 24 hours.
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The cryptocurrency is priced at $17,350.30, with a market cap of $291 billion at press time.
Meanwhile, Ripple (XRP) has fallen more than nine percent today, down to $3.06, after Coinbase announced they do not have plans to add new coins to their platform at this time.
Bitcoin fell below $12,000 on December 22 after hitting an all-time high of $19,908.10 on December 17th.