BTC Falls Below $100K, Altcoins Crash After Fed Rate Cut

The cryptocurrency market skilled a pointy downturn as Bitcoin (BTC) fell beneath the $100,000 mark after the Federal Reserve introduced a 25 foundation factors minimize. Opposite to expectations of a constructive market response, the information triggered widespread sell-offs, affecting main altcoins. Ethereum (ETH) dropped by 6%, whereas XRP noticed a big 10% decline, with most cryptocurrencies exhibiting destructive momentum.

An exception to the downturn was USUAL, which surged by 23% within the final 24 hours. The general market capitalization fell by 5% to $3.44 trillion. Nonetheless, buying and selling volumes spiked by 40%, reaching $251 billion, indicating energetic market participation. The Concern and Greed Index remained at 69, reflecting a grasping sentiment regardless of the dip.

Right here’s a better take a look at some top cryptocurrencies by market cap and their costs at present, December 19.

Cryptocurrency Market Right now: BTC, ETH, XRP, and SOL Costs Drop

The cryptocurrency market at present noticed important declines following the Federal Reserve announcement of a 25 Bps price minimize. Bitcoin (BTC) fell beneath the $99,000 mark, whereas Ethereum (ETH) and XRP dropped by 6% and 10%, respectively. Solana (SOL) additionally confronted a 5% decline, reflecting the broader market downturn.

Bitcoin Worth Right now

Bitcoin (BTC) price was down by roughly 4%, buying and selling at $100,880. Its 24-hour high and low had been $98,874 and $105,389, respectively. The market cap stood at $2 trillion, with $100 billion in buying and selling quantity and a market dominance of 57.12%.

As per SoSo Value, BTC ETFs skilled an outflow of 84 million on Wednesday, with Grayscale main at 35 million and Invesco at 25 million. Information from BlackRock concerning its outflows continues to be awaited.

In associated information, BOB (Build on Bitcoin) superior its mission to place Bitcoin on the forefront of decentralized finance (DeFi) by integrating with Babylon, a Bitcoin staking protocol.

Ethereum Worth Right now

Ethereum (ETH) price was buying and selling at $3,652, reflecting a 6% drop within the final 24 hours. The 24-hour high and low had been $3,543 and $3,902, respectively, exhibiting important fluctuations within the cryptocurrency market at present.

With a market cap of $440 billion and a buying and selling quantity of $52 billion, Ethereum stays the second-largest cryptocurrency by market cap. Within the cryptocurrency market at present, Ethereum ETF outflows amounted to 79 million, with Grayscale main the outflow at 65 million and Bitwise contributing 14.62 million.

In different information, Bitwise CIO Matt Hougan predicted that Ethereum will surpass Solana (SOL) in 2025. This prediction has generated appreciable curiosity within the ongoing growth of each networks.

XRP Worth Right now

XRP value was buying and selling at $2.32, reflecting a ten% drop within the final 24 hours. The 24-hour high and low had been $2.184 and $2.585, exhibiting volatility within the cryptocurrency market at present.

With a market cap of $132 billion and a buying and selling quantity of $22 billion, XRP stays one of many prime cryptocurrencies by market cap. Ripple additionally launched its native stablecoin token RLUSD, increasing its attain within the stablecoin area.

Solana Worth Right now

SOL price was buying and selling at $209, reflecting a 5% drop within the final 24 hours. Its 24-hour high and low had been $200 and $218, exhibiting notable fluctuations in value.

With a market cap of $99 billion and a buying and selling quantity of $7 billion, Solana ranks sixth among the many prime 10 cryptocurrencies by market cap. Regardless of the worth drop, Solana continues to take care of a robust place available in the market. Moreover, the community progress for Solana has reached a new all-time high, highlighting its ever-growing adoption and vibrant ecosystem exercise.

Meme Cryptocurrency Market Right now

Meme cash additionally skilled a big downturn, with Dogecoin (DOGE) down by 7% and buying and selling at $0.36. Shiba Inu (SHIB) value was down by 6%, now buying and selling at $0.00002425.

Different notable meme cash like PEPE, BONK, and WIF noticed even bigger drops, starting from 12% to fifteen% within the final 24 hours. These value actions replicate the broader destructive sentiment within the meme coin market at present.

High Crypto Gainers Costs Right now

Traditional

Traditional (USUAL) value noticed a exceptional 23% improve within the final 24 hours, now buying and selling at $1.02. Its 24-hour high and low had been $0.67 and $1.16, respectively. With a market cap of $456 million, USUAL emerged as the highest gainer within the final 24 hours, outperforming many different cryptocurrencies available in the market at present.

Motion

Motion (MOVE) value was buying and selling at $0.70, reflecting a 14% improve within the final 24 hours. Its 24-hour high and low had been $0.611 and $0.72, showcasing a robust upward pattern within the value.

Pudgy Penguins

Pudgy Penguins (PENGU) grew to become the third prime gainer for at present, with an 8% improve within the final 24 hours, buying and selling at $0.033. The worth surge comes after a exceptional 500% rise following the announcement of its listing on Binance.

High Crypto Losers Costs Right now

dogwifhat

The dogwifhat (WIF) grew to become the worst performer with a 14% drop within the final 24 hours, now buying and selling at $2.26. Its 24-hour high and low had been $2.162 and $2.698, indicating important volatility within the value motion.

Floki

Floki (FLOKI) grew to become the second-worst performer for at present, with a 13% drop within the final 24 hours, buying and selling at $0.00019. Meme cash have crashed arduous following Bitcoin’s fall beneath the $100K mark, impacting FLOKI’s value and the general market sentiment.

Theta Community

Theta Community (THETA) value was down by 12% within the final 24 hours, buying and selling at $2.32. Its 24-hour high and low ranged from $2.18 to $2.61, reflecting the broader market downturn.

Beside this, the hourly chart is exhibiting a constructive momentum with BTC up by half a % within the final hour. Main altcoins like ETH, XRP, and BNB are up by 1%. Within the cryptocurrency market at present, regardless of the current fluctuations, there’s a shift in direction of optimism within the brief time period.