Summary : The cryptocurrency market is facing significant headwinds, with Bitcoin (BTC) dipping below $96,000 for the first time in weeks. The drop, triggered by the Federal Reserve's cautious stance on interest rate cuts, has led to $680 million in outflows from Bitcoin ETFs and $800 million in market-wide liquidations. Key Developments in Bitcoin ETFs U.S. spot Bitcoin ETFs experienced $680 million in outflows on Dec. 19, breaking a 15-day streak of inflows that totaled $6.7 billion. Fidelity’s FBTC led the outflows with $208.55 million, followed by Grayscale’s Bitcoin Mini Trust ($188.6 million) and ARK 21Shares’ ARKB ($108.35 million). Despite outflows, trading volume surged to $6.31 billion, highlighting heightened market activity amid volatility. Ethereum ETFs also saw outflows of $60.47 million, though cumulative inflows for the year remain positive at $2.4 billion. Market-Wide Liquidations and Volatility Over $846 million was liquidated in the past 24 hours, impacting nea...

  Bitget’s native token, BGB , surged 11% to set a new all-time high of $3.65 , fueled by Bitget securing a Bitcoin Service Provider (BSP) License in El Salvador . This milestone marks a significant step for the cryptocurrency exchange's global expansion, strengthening bullish sentiment around BGB. Bullish Indicators Signal Uptrend Weighted Sentiment Turns Positive : Market data from Santiment shows BGB’s weighted sentiment crossed above the zero line on December 16 , signaling a positive tone across social media and online platforms. Currently, the sentiment value stands at 0.33 , reflecting increased positive discussions around the altcoin. Elder-Ray Index Confirms Bullish Bias : The Elder-Ray Index, which measures the balance between buying and selling pressure, sits at 1.23 , indicating that buying pressure currently dominates, further supporting a bullish outlook. Price Prediction: BGB Targets $4, but Caution Remains At the time of writing, BGB trades near $3.60 , just be...