Crypto News Today (Dec 20, 2024): Bitcoin Falls to $96k as Market Stumbles

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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%)

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