
The cryptocurrency market witnessed a massive decline on December 19, as Bitcoin (BTC) fell below the $100,000 mark. US Federal Reserve’s decision to cut interest rates By 25 basis points.
Contrary to expectations of a bullish reaction, the announcement triggered a broader market selloff, impacting major altcoins like Ethereum (ETH) and XRP, which declined by 6% and 10% respectively.
Despite the slowdown, trading volume increased by 40% to $251 billion, indicating increased market activity.

Source: coinmarketcap
Bitcoin price fell 3% today
Bitcoin (BTC) saw a 3% decline in the last 24 hours and is trading at $100,880. It reached an intraday low of $98,874 and a high of $105,389. BTC has a market capitalization of $2 trillion, with a trading volume of $100 billion and a dominance of 57.12%.
There were massive withdrawals from BTC exchange-traded funds (ETFs) on Wednesday, totaling $84 million.
Grayscale led the outflows with $35 million, followed by Invesco with $25 million. BlackRock’s ETF data is pending.
Meanwhile, the BOB (Build on Bitcoin) initiative continues to gain traction, integrating with Babylon, a Bitcoin staking protocol that aims to expand BTC’s role in decentralized finance (DeFi).
Ethereum price fell 6% today
Ethereum (ETH) declined 6% and is trading at $3,652, within a 24-hour range of $3,543 to $3,902.
Ethereum maintains its position as the second-largest cryptocurrency with a market capitalization of $440 billion and a trading volume of $52 billion.
Ethereum ETFs saw outflows of $79 million, mainly driven by Grayscale ($65 million) and Bitwise ($14.62 million).
Amid these developments, Bitwise CIO Matt Hogan predicted that Ethereum could surpass Solana (SOL) in terms of growth by 2025, igniting discussions about the future of decentralized applications (dApps) and scalability.

Source: coinmarketcap
XRP and Solana prices fall
XRP suffered a massive 10% drop, trading at $2.32 with a market cap of $132 billion and a trading volume of $22 billion.
The cryptocurrency fluctuated between $2.184 and $2.585 over the last 24 hours.
Ripple expanded its ecosystem by launching a native stablecoin RLUSD, signaling the company’s ambition to strengthen its presence in the stablecoin market despite the bearish trend.
Solana (SOL) fell 5% to $209, with a daily low of $200 and a high of $218. Despite the price decline, Solana remains the sixth-largest cryptocurrency by market cap at $99 billion.
Notably, the Solana network achieved a new all-time high in ecosystem activity, underscoring its growing adoption in the blockchain sector.
meme coins slip
Meme cryptocurrencies also faced a downturn. Dogecoin (DOGE) fell 7% to $0.36, while Shiba Inu (SHIB) fell 6% to trade at $0.00002425.
Other meme coins including PEPE, BONK and WIF suffered losses of 12% to 15%.
top gainers
- General (General): Traded at $1.02, up 23%, with a 24-hour high of $1.16.
- Movement: It rose 14% to $0.70, showing strong momentum.
- Pudgy Penguin (Pengu): Binance continued its bullish streak after the listing, rising 8% to $0.033.
top losers
- Dogwift (WIF): Trading at $2.26, down 14%.
- Floki (Floki): Falling 13%, now at $0.00019, as meme coins bore the brunt of market negativity.
- Theta Network (Theta): It fell 12% to $2.32, reflecting widespread bearish sentiment.
Despite the overall market decline, the hourly charts are showing signs of improvement, with BTC up by 0.5% and major altcoins like ETH, XRP, and BNB up by 1%.
While the market remains volatile, increased trading volumes and growing ecosystem development indicate optimism in the short term.
Post Crypto Market Wrap December 19: Bitcoin slips below $100K as altcoins fall after Fed rate cut first appeared on Invez