#BitwiseBitcoinETF

🤑🌐Crypto Market Today (December 28, 2024): Bitcoin Stuck Below $95k, While Altcoins Struggle

The cryptocurrency market is stable after recent ups and downs, with the total market cap at $3.3 trillion. However, trading activity has dipped slightly, with intraday trading volume falling 1.66% to $124.18 billion. Despite this, market sentiment remains neutral, as indicated by the Fear and Greed Index at 51.

Bitcoin Struggles Below $95k

Bitcoin, the largest cryptocurrency, has seen a 2.11% drop in the last 24 hours, settling at $94,290. Interestingly, trading volumes for $BTC have increased 5.19% to $48.39 billion, showing increased trading activity during the price drop.

Reports from Farside revealed that Bitcoin ETFs saw significant outflows of $287 million on Friday. Fidelity led the outflows with $208 million, followed by Ark & 21Shares with $112 million, and Bitwise Bitcoin ETF with $36 million.

Altcoins Show Mixed Results

Altcoins had a mixed day, with Ethereum holding steady at $3,335 after a slight dip, with a market cap of $401 billion. While Ethereum ETFs saw an inflow of $47.7 million, Fidelity and BlackRock reported inflows of $27 million and $20 million, respectively.

Perhaps, $SOL, $XRP, and TON struggled, each recording a drop of around 2% over the past day. Top Gainers and Losers

Among the top performers, Bitget Token (BGB) surged 13.68% to $8.19 after Bitget announced plans to burn $800 million worth of tokens. Virtual Protocol and PEPE tokens also saw gains of 10.9% and 4%, respectively.

On the other hand, Zcash (ZEC) recorded the biggest loss, falling 10.6% to $61.13. Curve DAO Token and Helium followed with losses of 9.46% and 8.8%.🌐