The total cryptocurrency market capitalization (TOTALCAP) and Bitcoin are both falling today (20), with the latter falling below the $100,000 mark. Altcoins didn't fare much better, with Ethena (ENA) leading the day's biggest falling cryptocurrencies.

In today's news:

The SEC approved Hashdex and Franklin Templeton's Bitcoin and Ethereum ETFs, expanding institutional access to cryptocurrencies through exchange-based funds. Franklin Templeton's ETF received a quick approval due to its compliance with established commodity trust standards.

The Bavarian privacy watchdog ordered Worldcoin to remove biometric data, prompting the firm to appeal the decision. Worldcoin maintains that the concerns are outdated and cites major technological improvements in 2024.

The cryptocurrency market falls sharply.

The total cryptocurrency market capitalization fell by $128 billion to $3.28 trillion. This drop reflects a broader market correction, affecting most major assets. Despite the setback, $3.28 trillion represents a key level for the market, which could signal a basis for stabilization or recovery.

This mark serves as a crucial support level for the cryptocurrency market. Staying above it would give TOTALCAP the stability needed to avoid deeper declines.