Highlights:
Bitcoin (BTC) and Ethereum (ETH) ETFs have faced massive outflows recently, showing a clear bearish trend.
In terms of individual stocks, Zerebro (ZEREBRO) and Movement (MOVE) were the best performers, with ZEREBRO rising 56%.
Meanwhile, major meme coins such as Dogecoin and Shiba Inu fell, and the entire market followed suit.
Today, Bitcoin (BTC) fell below $96,000, and the entire crypto market showed a bearish trend. Bitcoin and Ethereum ETFs also began to see outflows after a period of gains. Major altcoins such as Ethereum (ETH) and Solana (SOL) fell by 3% to 5%.
However, despite the slump in most markets, Movement (MOVE) and ZEREBRO have been some of the biggest gainers, with MOVE up 30% in the past 24 hours and ZEREBRO soaring 56%.
Overall, the global crypto market fell by about 2%, with the market value falling to $3.34 trillion, while the trading volume rose by 3.42% to $280 billion. The Fear and Greed Index remained at 62, indicating that there is still a strong greed sentiment in the market.
Here is a brief overview of the prices of some major cryptocurrencies today (December 20).
Cryptocurrency Markets Today: BTC Falls Below $98,000, ETH and SOL Fall, XRP Rises
Today, Bitcoin (BTC) fell below $98,000, showing a bearish trend in the market. Ethereum (ETH) and Solana (SOL) also fell, while XRP performed relatively strongly and rose slightly. Analysts believe that the BTC sell-off may continue in the next few days due to profit-taking and market uncertainty.
Bitcoin price today
Bitcoin (BTC) is currently trading at $97,617, down 3% in the past 24 hours. Its highest price was $102,849 and its lowest price was $95,671. BTC has a market capitalization of $1.93 trillion, a trading volume of $94 billion, and a market share of 57.17%.
According to SoSo Value's report, Bitcoin ETFs are facing a large outflow of funds, including $671 million from SoSo Value, $208 million from Fidelity, and $275 million from Grayscale. Meanwhile, Ark and 21Shares had a combined outflow of $108 million. Despite this, the U.S. Securities and Exchange Commission (SEC) has approved Franklin Templeton and Hashdex's cryptocurrency ETFs to trade on Nasdaq and CBOE BZX, which may promote Bitcoin and Ethereum to better integrate into the mainstream financial market.
Ethereum price today
Ethereum (ETH) is trading at $3,441, down 6% in the past 24 hours. Its 24-hour high was $3,721 and its low was $3,334. ETH has a market cap of $413 billion and a trading volume of $57 billion.
Ethereum ETFs also saw outflows, with Grayscale selling $61 million worth of ETH ETFs and Fidelity buying $5 million worth of ETFs. BlackRock’s ETF outflow data is not yet available. These outflows are consistent with today’s market downtrend.
In addition, the crypto market saw a huge liquidation of $1.19 billion today, with Bitcoin, Ethereum and XRP leading the decline, showing the continued volatility of the market.
XRP Price Today
XRP is currently trading at $2.33, up 1% in the past 24 hours. Its 24-hour high is $2.42 and its low is $2.17. With a market cap of $133 billion and a trading volume of $21 billion, XRP continues to rank fourth in terms of market capitalization.
In addition, XRP launched the RLUSD stablecoin on December 17, which led to increased market activity. However, since its launch, the price of XRP has fallen by more than 15% at one point. Despite a small rebound today, the market is still volatile.
Solana Price Today
Solana (SOL) is currently priced at $197, down 5% in the past 24 hours. Its 24-hour high is $212 and its low is $188. SOL has a market cap of $94 billion and a trading volume of $7.55 billion.
In addition, the meme coin Fartcoin on Solana has seen an astonishing rise, rising 500% in just 11 days. Despite the downward pressure on major cryptocurrencies such as SOL, this phenomenon shows that the market's interest in meme coins remains strong.
Today's Meme Coin Market
Meme cryptocurrencies are generally down today, reflecting weakness in the broader market. Dogecoin (DOGE) is down 10% and is trading at $0.32, while Shiba Inucoin (SHIB) is also down 8% and is currently trading at $0.00002232.
Some other meme coins, including PEPE, BONK, and WIF, also experienced losses ranging from 3% to 9%. These trends show that both meme coins and mainstream cryptocurrencies are facing market pressure.
Today's Cryptocurrency Gains
Zerebro - ZEREBRO
Zerebro has performed well today, with a price increase of 56% and is currently trading at $0.43. The lowest price in the past 24 hours was $0.2654 and the highest price was $0.4584. Its market capitalization has reached $427 million and its trading volume is $114 million, showing strong market activity.
Movement (MOVE)
Movement also performed well, with a 30% increase in its share price to $0.86, ranking second among the day’s gainers. The lowest price in the 24-hour period was $0.69 and the highest was $0.87, reflecting its strong rise.
Flare (FLR)
Flare price has increased by 7% and is currently trading at $0.028. The market cap is $1.56 billion and the trading volume is $26 million, and the market sentiment is relatively positive.
Today's Cryptocurrency Decline List
Pudgy Penguins (PENGU)
Pudgy Penguins has seen the biggest drop today, with a 14% drop in price, currently trading at $0.028. The lowest price in the past 24 hours was $0.026 and the highest was $0.034. Despite the large drop, analysts remain optimistic about it and expect it to return to a market value of $10 billion soon.
Lido DAO (LDO)
Lido DAO price fell by 12% and is currently trading at $1.625. The lowest price in the past 24 hours was $1.54 and the highest price was $1.853, showing a significant recent pullback. LDO appears to be struggling under current market pressures.
Ethena (ENA)
Ethena's price has fallen by 11% and is currently trading at $0.99. The lowest price in 24 hours was $0.93 and the highest was $1.195. Ethena's market cap is $2.91 billion with a trading volume of $1 billion. In addition, Ethena Labs announced a partnership with Donald Trump's World Liberty Financial, which may bring new development opportunities to the project.
Other market dynamics
Amid broader market downward pressure, Bitcoin (BTC) fell 0.5% in the past hour, with other major altcoins such as Ethereum (ETH) and XRP both down 1%, reflecting overall market weakness today.