Cryptocurrency Price Today (December 20): Bitcoin Dips Down To $96,000 As Top Coins See Bloodbath
Cryptocurrency price on December 20 quick take: The global market cap dipped to $3.34 trillion.
Bitcoin (BTC), a couple of day after marking a new ATH, lost most of its gains and dipped down to $96,000 range early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw notable losses across the board as the overall Market Fear & Greed Index stood at 62 (Greed) out of 100, as per CoinMarketCap data. The Movement (MOVE) token became the top gainer, with a 24-hour jump of nearly 11 percent. Athena (ENA) was the biggest loser today, with a 24-hour dip of nearly 19 percent.
The global crypto market cap stood at $3.34 trillion at the time of writing, registering a 24-hour loss of 5.04 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $96,849.32, registering a 24-hour dip of 4.35 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.82 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,364.21, marking a 24-hour loss of 8.29 percent at the time of writing. Ethereum price in India stood at Rs 3.36 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 12.79 percent, as per CoinMarketCap data, currently priced at $0.3178. Dogecoin price in India stood at Rs 34.34.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 7.30 percent. At the time of writing, it was trading at $100.41. LTC price in India stood at Rs 10,359.64.
Ripple (XRP) Price Today
XRP price stood at $2.28, seeing a 24-hour dip of 2.83 percent. Ripple price in India stood at Rs 204.20.
Solana (SOL) Price Today
Solana price stood at $193.48, marking a 24-hour loss of 7.69 percent. SOL price in India stood at Rs 19,029.16.
Top Crypto Gainers Today (December 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Movement (MOVE)
Price: $0.8242
24-hour gain: 10.93 percent
Hedera (HBAR)
Price: $0.2786
24-hour gain: 2.01 percent
Mantle (MNT)
Price: $1.16
24-hour gain: 0.41 percent
Top Crypto Losers Today (December 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ethena (ENA)
Price: $0.9528
24-hour loss: 18.07 percent
Virtuals Protocol (VIRTUAL)
Price: $2.16
24-hour loss: 16.92 percent
Beam (BEAM)
Price: $0.02502
24-hour loss: 15.03 percent
Pudgy Penguins (PENGU)
Price: $0.02774
24-hour loss: 14.20 percent
Lido DAO (LDO)
Price: $1.58
24-hour loss: 14.09 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is on a recovery path trading at $97,300 after taking support at the $95,500 mark. With over $1.2 billion in liquidations, the crypto market is cooling off ahead of its next leg of the rally. Despite the profit booking, Bitcoin ETFs reached $129 billion in assets under management, surpassing Gold ETFs within their first year, showcasing Bitcoin's resilience. Key resistance for Bitcoin stands at $104,200, with major support at $95,000.”
CoinSwitch Markets Desk noted, “The crypto markets saw another red day yesterday, marking two consecutive days of decline following the US Federal Reserve’s announcement of its final rate cut of the year. This downtrend can be attributed to the Fed scaling back its target of four rate cuts next year to only two, accompanied by hawkish commentary. While the S&P 500 remains in positive territory, riskier assets like BTC and ETH have taken a significant hit. SOL has also dropped below $200, erasing all of its post-election gains.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin will remain resilient despite the volatility in the market. Bitcoin's correction of prices below the $100k mark is enforcing caution on statement by Jerome Powell, chair of the US Federal Reserve dismissing speculations that the Fed may add Bitcoin to its reserves. Historical data reveals that with each successive price rally for Bitcoin, corrections become less intense. Institutional participation and spot ETFs offer solid support to Bitcoin. Present support zones remain within the regions of about $97k-$95k. Optimism is that the market will develop stability.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading around $96,220, having fallen below key support levels, including the $99,549 pivot point, signaling bearish sentiment. The price has broken down from an ascending trendline, with immediate resistance at $99,549, followed by $102,704 and $105,714. On the downside, support is found at $94,340, with additional levels at $92,712 and $90,874. The RSI at 20 indicates oversold conditions, suggesting a possible bounce. However, the 50 EMA at $102,704 is still declining, maintaining a bearish outlook. Bulls need to reclaim $99,549 to regain momentum, while a break below $94,340 could intensify selling pressure.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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