news 
Crypto News Today (Dec 20, 2024): Bitcoin Falls to $96k as Market Stumbles
December 20, 2024 – The cryptocurrency market has been experiencing a tumultuous ride of late. As of today’s trading session, the world’s most popular digital asset, Bitcoin, has fallen to a staggering $96,819.67. This development comes amidst growing uncertainty in the global financial landscape.
The dip follows yesterday’s dramatic rise where the price was hovering around $100,000. Today’s plunge is largely attributed to a massive sell-off of $671 million worth of ETFs (Exchange-Traded Funds) within 24 hours. This unprecedented outflow has triggered a cascade effect throughout the market, resulting in a collective market cap shrinkage of 5.04% to a staggering $3.34 trillion.
As traders struggle to make sense of this sudden and unpredictable turn of events, it is imperative for investors to understand that this recent downturn has further exacerbated the already precarious sentiments in the global cryptocurrency market.
Source: coinpedia.org
