The cryptocurrency market has been facing turbulent times, with recent numbers indicating further decline. Today’s market cap has plunged by 5.04%, bringing it down to $3.34 trillion. Despite this downturn, trading volume only saw a slight decrease of 0.54%, landing at $264.08 billion. The Fear & Greed Index, a critical measure of market sentiment, currently stands at 62, reflecting a state of “Greed” amidst these challenging conditions.
Bitcoin ETF Outflows Surge as BTC Dips Below $97K
Bitcoin’s ongoing battle to maintain its momentum has been exacerbated by the Federal Reserve’s recent rate cut announcements. Following a dip to a 24-hour low of $95,587.68, Bitcoin is trading at $96,819.67 at the time of writing. The market’s current volatility and uncertainty have led to a 3.52% decrease in Bitcoin’s 24-hour trading volume, now at $93.85 billion. Additionally, Bitcoin ETFs experienced significant outflows, totaling $671 million on December 19. For a deeper analysis of Bitcoin’s prospects, explore our comprehensive Bitcoin Price Prediction.
Altcoins Suffer: ETH, SOL, & XRP Prices Tumble
The altcoin market has not been immune to the broader market downturn. Ethereum has faced substantial losses, plummeting by 8.18% to $3,368.56. Solana, too, has seen a drop of 7.67%, with its current price standing at $193.61. Conversely, XRP experienced a more moderate decline of 2.70%. For an in-depth examination of Ethereum’s current state, refer to our detailed Ethereum Price Prediction.
Top Gainers of the Day
- MOVE: $0.8242 (+10.93%)
- HBAR: $0.2786 (+2.01%)
- MNT: $1.16 (+0.41%)
Top Losers of the Day
- ENA: $0.9528 (-18.07%)
- VIRTUAL: $2.16 (-16.92%)
- BEAM: $0.02502 (-15.03%)
Frequently Asked Questions
What is the current price of Bitcoin (BTC)?
As of the latest update, the price of one Bitcoin is $96,819.67.
Which tokens are the top gainers today?
The leading gainers in today’s market are MOVE (+10.93%), HBAR (+2.01%), and MNT (+0.41%).
How did Ethereum (ETH) perform today?
Ethereum has experienced a significant drop of 8.18% over the past 24 hours, with its price currently at $3,368.56.
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