Why Are $BTC , $ETH & $XRP Down Today? (24 Dec) | Binance Post

🎄 The crypto market is heading into Christmas with caution, not cheer.

Here’s what’s pulling BTC, ETH, and XRP lower today 👇

🔻 Market Sentiment Weakens

The Crypto Fear & Greed Index remains stuck at 29 (Fear), showing traders are still defensive. Holiday season low liquidity is amplifying downside moves.

📉 ETF Outflows Add Pressure

US spot Bitcoin ETFs recorded $142M in net outflows, signaling short-term risk-off behavior. While BlackRock’s IBIT saw small inflows, it wasn’t enough to offset broader selling. Ethereum ETFs also faced $95.5M in outflows, further weighing on ETH.

🟠 Bitcoin (BTC)

BTC slipped below $87,000 after failing to hold above $90K. A bearish pennant pattern is forming, raising the risk of a drop toward $85K if selling continues. Bulls need a strong reclaim of $90K to flip momentum.

🔵 Ethereum (ETH)

ETH fell under the key $3,000 level and broke below its ascending channel. If $2,850 fails to hold, downside targets near $2,800–$2,700 come into focus.

⚫ XRP

XRP dropped to around $1.86 after rejection at $1.90 triggered stop-loss selling. Bulls must reclaim $1.90 to aim for $2.00+, while $1.75 remains a critical support zone.

🔮 What’s Next?

Recovery depends on improved sentiment and ETF inflows after the holidays. Until then, expect consolidation and possible further downside.

📊 Stay alert. Volatility loves thin holiday markets.