As of December 19, 2024, the cryptocurrency market is experiencing a downward trend, with major cryptocurrencies showing declines over the past 24 hours.
Ethereum $ETH is trading at approximately $3,698.93, reflecting a 4.61% decrease over the same period.
$BNB , the native token of Binance, is priced around $700.67, down by 2.36%.
$XRP stands at $2.41, a decline of 6.23%, and Cardano (ADA) is at $0.98, showing a 6.00% decrease.
The global cryptocurrency market capitalization is approximately $3.67 trillion, a 2.63% decrease over the last day.
Notably, Bitcoin has traded between $103,138 and $108,353 over the past 24 hours.
In other developments, BlackRock's IBIT experienced a substantial net inflow of $356.6 million, indicating continued institutional interest in the crypto market.
Additionally, the cryptocurrency market has seen significant liquidations, totaling $843 million in the past 24 hours, with long positions accounting for $743 million.
These market movements highlight the volatility inherent in the cryptocurrency space, emphasizing the importance of staying informed and exercising caution when making investment decisions.
