Crypto News Today (Dec 20, 2024): Bitcoin Falls to $96k as Market Stumbles
Shrishesh Tanksalkar20 Dec 20241 min read
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.
