The cryptocurrency market’s stance on its numbers has worsened further compared to the previous day. The drop led to a 5.04% reduction in market cap to $3.34 trillion. As a result, trading volume dropped marginally by 0.54% to $264.08 billion. Subsequently, the Fear & Greed Index is currently at 62, highlighting “Greed” despite the recent pullback.
Bitcoin ETF Outflows Peak as BTC Price Drops Below $97K
Bitcoin has been struggling to maintain its momentum on the daily charts, following the FED’s announcement on rate cuts. After hitting its 24-hour low of $95,587.68, BTC’s price is currently changing hands at $93,819.67. The reddish numbers and short-term uncertainty resulted in the 24-hour trading volume dropping by 3.52% to $93.85 billion. The impact was also seen with ETFs, on December 19, Bitcoin witnessed outflows totaling $671 million.
Ethereum suffered significant losses as the market-wide shockwaves took hold, dropping 8.18% to $3,368.56. Solana also suffered a 7.67% loss from its press time price of $193.61. XRP, on the other hand, saw a fairly modest correction of 2.70%.
For a detailed analysis of Ethereum, check out our Ethereum Price Prediction.
Biggest winners:
MOVEMENT: $0.8242 (+10.93%)
HBAR: US$ 0,2786 (+2,01%)
MNT: $ 1,16 (+0,41%)
Biggest Losers:
THIS: $0.9528 (-18.07%)
VIRTUAL: $ 2,16 (-16,92%)
ERROR: $0.02502 (-15.03%)
Frequently Asked Questions
How much is 1 BTC today?
At the time of writing, the price of 1 Bitcoin (BTC) is $93,819.6.
Which tokens are the biggest gainers today?
MOVE (+10.93%), HBAR (+2.01%) and MNT (+0.41%) tokens are today’s biggest gainers.
How did Ethereum (ETH) perform today?
Ethereum (ETH) has seen a significant drop of 8.18% in the last 24 hours, trading at $3,368.56.