Shocked, today's cryptocurrency market: Bitcoin and Ethereum decline, altcoins show mixed results
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With the holiday approaching, the cryptocurrency market is cooling down today. Bitcoin (BTC) and Ethereum (ETH) both fell, with BTC dropping below $95,000 and ETH falling to the $3,300 range. Bitcoin has been hovering between $94,000 and $108,000 for over a month, while top altcoins show bearish momentum, with most declining by 1% to 5% in the past 24 hours.
The overall market cap also dropped by about 2%, currently at $3.28 trillion. As many investors are in a holiday mood, enjoying the last few days of 2024, trading volume has significantly decreased by 34%. Market activity is expected to rebound after the first week of January, when trading volume may return to normal levels. The Fear and Greed Index is currently at 51, indicating a neutral market sentiment.
Today's cryptocurrency market: BTC, ETH, XRP, and SOL prices decline
Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) all experienced significant declines, reflecting the overall market slump. The holiday season slowdown continues to affect trading volume and prices.
Today's Bitcoin market
Bitcoin (BTC) is trading at $94,327, down about 2% in the past 24 hours. Its 24-hour low and high prices are $93,440 and $97,429, respectively. Robert Kiyosaki made a bold prediction, forecasting that Bitcoin will reach $350,000 by 2025, urging investors to prioritize self-custody over institutional ETFs.
According to SoSo Value statistics, a total of $297 million flowed out of BTC ETFs, with Fidelity experiencing an outflow of $208 million and Ark & 21Shares an outflow of $112 million. However, after two days of selling, BlackRock bought back $79 million worth of Bitcoin ETFs.
Today's Ethereum market
Ethereum (ETH) price fell by about 1%, currently at $3,329, with a 24-hour low of $3,307 and a high of $3,441. ETH ETF saw an inflow of $27 million yesterday, with Fidelity Investments purchasing $27 million worth of Ethereum. This shift in the cryptocurrency market highlights the growing institutional interest in Ethereum.
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