The post Crypto News Today (Dec 23, 2024): Bitcoin ETFs Dominate While Market Trades Sideways? appeared first on Coinpedia Fintech News
The crypto market today witnessed a minor pullback over the previous day. As a result, the market cap of the industry took a blow of 0.95% to $3.32 trillion. The trading volume too saw a modest fall of 2.05% to $152.63 billion. The Fear & Greed Index today mirrored the reddish numbers, by signalling a “Neutral” score of 54.
Bitcoin Sees ETF Inflows Despite Price Plunge?
Bitcoin price today is slightly down by 1.08% to $96,041.73. However, it continues to hold a commanding market cap of $1.9 trillion. The turbulence in the market did not hamper the optimism of bigger institutions, this was evident with the Bitcoin ETFs registering an inflow of $449M last week. BlackRock’s IBIT ETF was the front-runner with a noteworthy $1.45B under its management.
For insights into Bitcoin’s future, explore our Bitcoin Price Prediction.
Altcoin Watch: ETH, SOL, XRP Prices Stumble
Ethereum price sunk 0.91% in the past 24 hours to $3,344.95, however, it followed Bitcoin’s suit with respect to ETFs. Ethereum spot ETF reported $62.73M inflows over the past week, which was a continuation of its 4-week streak. Solana and XRP followed broader market trends, with SOL price down by 1.09% at $184.21 and XRP slipping 2% to $2.21.
For Ethereum’s detailed analysis, check out our Ethereum Price Prediction.
Top Gainers:
Curve DAO: $0.8835 (+10.71%)
Aave: $339.24 (+10.02%)
FTX Token: $3.22 (+8.67%)
Top Losers:
HYPE: $27.59 (-17.37%)
MOVE: $0.8182 (-7.39%)
WIF: $1.90 (-5.30%)
FAQs
The Fear & Greed Index stands at 54, indicating a neutral sentiment in the crypto market.
Curve DAO, Aave, and FTX lead the gainers, with respective gains of +10.71%, +10.02%, and +8.67%.
Bitcoin’s price dipped 1.08% to $96,041.73, but ETF inflows surged, signaling strong institutional demand.
