The crypto market’s stance with its numbers has further aggravated from the previous day. The downturn has led to the market cap shrinking by 5.04% to $3.34 trillion. As a result, the trading volume is down marginally by 0.54%, settling at $264.08 billion. Successively, the Fear & Greed Index currently stands at 62, highlighting “Greed” despite the recent pullback.
Bitcoin ETF Outflows Peak, As BTC Price Slips Below $97K
Bitcoin has been struggling to upkeep its momentum on the daily charts, following the FED’s announcement about rate cuts. After brushing its 24-hour low of $95,587.68, BTC price today is changing hands at $96,819.67. The reddish numbers and short-term uncertainty have resulted in the 24-hour trading volume budging down 3.52% to $93.85 billion. The impact was also seen with ETFs, on 19th December, Bitcoin witnessed outflows summing up to $671 million.
For insights into Bitcoin’s future, explore our Bitcoin Price Prediction.
Altcoins Today: ETH, SOL, & XRP Prices Plunge
Ethereum suffered significant losses from the market-wide shock waves, falling 8.18% to $3,368.56. Solana too incurred a loss of 7.67% loss to its press time price of $193.61XRP on the other hand, saw a rather modest correction of 2.70%.
For Ethereum’s detailed analysis, check out our Ethereum Price Prediction.
Top Gainers:
- MOVE: $0.8242 (+10.93%)
- HBAR: $0.2786 (+2.01%)
- MNT: $1.16 (+0.41%)
Top Losers:
- ENA: $0.9528 (-18.07%)
- VIRTUAL: $2.16 (-16.92%)
- BEAM: $0.02502 (-15.03%)
FAQs
At the time of press, the price of 1 Bitcoin (BTC) is $96,819.6.
MOVE token (+10.93%), HBAR (+2.01%), and MNT (+0.41%) are today’s top gainers.
Ethereum (ETH) experienced a significant drop of 8.18% in the past 24 hours, trading at $3,368.56.
Source: https://coinpedia.org/news/crypto-news-today-dec-20-2024-bitcoin-falls-to-96k-as-market-stumbles/