Bitcoin's price dropped 1.8% to $87,409 on December 23, slipping below the $90,000 mark as the Fear and Greed Index registered a score of 24, indicating 'Extreme Fear' among investors. Ethereum also saw a decline, falling 2.3% to $2,961. The overall cryptocurrency market cap was recorded at $3.04 trillion, with significant market activity leading to over $262 million in liquidations. This downturn comes as investors brace for upcoming U.S. GDP and inflation data, which could further influence market dynamics.