The attitude of the crypto market with its figures has further deteriorated compared to the previous day. The downturn has caused the market capitalization to shrink by 5.04% to $3.34 trillion. As a result, trading volume decreased marginally by 0.54%, to $264.08 billion. Sequentially, the Fear & Greed Index currently stands at 62, emphasizing “greed” despite the recent pullback.
Bitcoin ETF Outflows Reach Peak as BTC Price Dips Below $97,000
Bitcoin has struggled to maintain its momentum on the daily charts following the FED’s interest rate cut announcement. After hitting a 24-hour low of $95,587.68, the BTC price is changing hands today to $96,819.67. The red numbers and near-term uncertainty have caused 24-hour trading volume to fall 3.52% to $93.85 billion. The impact was also seen in ETFs: on December 19, Bitcoin witnessed outflows totaling $671 million.
For insight into the future of Bitcoin, explore our Bitcoin price prediction.
Altcoins Today: ETH, SOL, and XRP Prices Plummet
Ethereum suffered significant losses due to the market-wide shockwaves, falling 8.18% to $3,368.56. Solana also suffered a loss of 7.67% from the press time price of $193.61XRP, but had a fairly modest correction of 2.70%.
For the detailed analysis of Ethereum, check out our Ethereum price prediction.
Best winners:
- MOVEMENT: $0.8242 (+10.93%)
- HBAR: $0.2786 (+2.01%)
- MNT: $1.16 (+0.41%)
Best Losers:
- ENA: $0.9528 (-18.07%)
- VIRTUAL: $2.16 (-16.92%)
- RADIUS: $0.02502 (-15.03%)
Frequently asked questions
At the time of writing, the price of 1 Bitcoin (BTC) is $96,819.6.
MOVE token (+10.93%), HBAR (+2.01%) and MNT (+0.41%) are today’s biggest gainers.
Ethereum (ETH) saw a significant drop of 8.18% over the past 24 hours, trading at $3,368.56.
Credit : coinpedia.org
