Bitcoin drops to $96K as market falters

The situation of the cryptocurrency market has worsened in numbers more than the previous day. The downturn saw the market capitalization shrink by 5.04% to $3.34 trillion. As a result, trading volume declined marginally by 0.54% to settle at $264.08 billion. Respectively, the Fear and Greed Index currently stands at 62, highlighting “greed” despite the recent decline.

Bitcoin ETF inflows peak, as BTC price falls below $97K

Bitcoin is struggling to maintain its momentum on the daily charts, after the Federal Reserve announced interest rate cuts. After hitting a 24-hour low of $95,587.68, BTC price today trades at $96,819.67. Red numbers and short-term uncertainty sent 24-hour trading volume down 3.52% to $93.85 billion. The effect has also been seen with ETFs: on December 19, Bitcoin saw outflows amounting to $671 million.

For insights into the future of Bitcoin, explore our website Bitcoin price forecast.

Altcoins Today: ETH, SOL, and XRP Prices Drop

Ethereum suffered significant losses from the market-wide shock waves, falling 8.18% to $3,368.56. Solana also took a 7.67% loss to its press time price of $193.61 for XRP on the other hand, and saw a rather modest 2.70% correction.

For detailed analysis of Ethereum, check out our website Ethereum price prediction.

Top winners:

• moves: $0.8242 (+10.93%)
• Habbar: $0.2786 (+2.01%)
• MNT: $1.16 (+0.41%)

Biggest losers:

• Inna: $0.9528 (-18.07%)
• hypothetical: $2.16 (-16.92%)
• beam: $0.02502 (-15.03%)

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