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Crypto News Today (Dec 20, 2024): Bitcoin Falls to $96k as Market Stumbles
The cryptocurrency market has been experiencing a tumultuous journey in the past few days. Following yesterday’s rate cut announcement by the Federal Reserve, it appears that investors are getting increasingly nervous about the future prospects of digital currencies. This nervousness seems to have led to a significant correction in most assets, including Bitcoin.
In this Crypto News Today report, we will delve into the current market situation and provide you with a comprehensive overview of the recent events.
As of today’s press time, the world’s largest cryptocurrency by market capitalization, Bitcoin (BTC), is trading at $96,819.67 after plummeting to its 24-hour low of $95,587.68 earlier today. The price slump has resulted in an unprecedented outflow of ETF funds worth a staggering $671 million.
The top performer for the day has been MOVE token, which has witnessed a remarkable gain of 10.93% in just 24 hours, trading at $0.8242. HBAR and MNT tokens have also gained ground with increases of 2.01% and 0.41%, respectively.
On the other hand, ENA, HBAR, and BEP are experiencing a significant downturn, with losses of 15.03%, 8.18%, and 7.45%, respectively.
As we move forward in this Crypto News Today report, it is important to note that the market is going through a period of intense volatility, making it difficult to predict future trends with certainty. However, we will continue to monitor the situation closely and provide updates as more information becomes available.
For now, it appears that Bitcoin’s price correction has had a significant impact on the overall market sentiment, leading to a decline in investor confidence and increased risk aversion. It is crucial for investors and traders alike to stay vigilant and adapt quickly to these changes.
We are grateful for your continued support and interest in our Crypto News Today reports.
Source: coinpedia.org
