Cryptocurrency market suffers heavy decline, Bitcoin drops below $85,000, altcoins lead the decline with over 11% drop

HashBard · 2025-12-18T23:42:14+00:00

The crypto market weakened on December 19, with both Bitcoin and Ethereum declining. The total market capitalization dropped to $2.96 trillion, and some altcoins experienced significant declines. In contrast, the three major U.S. stock indices all rose, with Trump Media & Technology Group surging by 41.9%. Crypto-related stocks showed mixed performance, and overall sentiment remained cautious.

HashBard

2025-12-18 23:42:14

Abstract generation in progress

【BlockBeats】On December 19, the crypto market continued to weaken under pressure. According to data from mainstream exchanges, Bitcoin continued to decline last night, reaching a low of $84,450. The current price is around $85,382, down 0.68% in 24 hours. Ethereum also faced pressure, briefly breaking below the $2800 integer level, with a current price of $2825, a relatively mild decline of 0.02% over 24 hours. Solana performed even weaker, falling below $120, with a 24-hour decline of 2.81%.

The total market capitalization of cryptocurrencies is also shrinking, losing the $30 trillion mark, now at $2.96 trillion, down 1.1% in 24 hours. During this decline, some altcoins performed the most severely, with declines significantly higher than mainstream coins. Among them, PUMP and GIGGLE both fell 11.41% to $0.00186, AXL dropped 9.3% to $0.086, DOLO declined 8.7% to $0.034, VELODROME fell 8.8% to $0.0197.

In contrast, the U.S. stock market presents a different picture. The three major indices all closed higher, with the Dow up 0.14%, the S&P 500 up 0.79%, and the Nasdaq Composite up 1.38%. Tech giants were particularly strong—Nvidia rose nearly 2%, and Tesla gained over 3%. Among them, Trump Media & Technology Group (DJT) performed the best, soaring 41.9%. The company announced it will merge with nuclear fusion technology company TAE through a full stock transaction, expected to be completed by mid-2026. After the merger, it plans to select a site and begin construction of the first utility-scale nuclear fusion power plant in 2026.

U.S. stock-related crypto concept stocks showed mixed performance. According to data, MicroStrategy fell 1.33%, a compliant platform CRCL rose 2.38%, leading exchange COIN dropped 2.04%, Marathon Holdings declined 2.4%, Riot Platforms rose 3.24%, Bit Digital fell 3%, and SharpLink Gaming declined 2.7%. Overall, the market shows a divided trend, with sentiment towards the crypto sector clearly becoming more cautious.

BTC-0,17%

ETH-0,09%

SOL-0,22%

PUMP-3,65%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
6
Repost
Share

Comment

0/400

FlatTax

· 2025-12-21 13:39

Alts are being hit again, this wave is really brutal. It has fallen again, is it about to hit the bottom? Bitcoin is holding up pretty well, but that bunch of small coins is doomed. To be honest, should we buy the dip now or continue to watch? Can't decide. PUMP and GIGGLE have fallen like this, the dip buyers are about to take action again. Luckily, I didn't chase those small coins, dodged a bullet. The total market capitalization has broken 30 trillion, feels like the market is about to change? This wave of adjustment is a bit fierce, everyone take care.

View OriginalReply0

FOMOSapien

· 2025-12-20 05:15

Again and again, the price drops. Altcoins are just lying flat. The brothers PUMP and GIGGLE are really incredible. --- Oh my, in this round of decline, it feels like mainstream coins are still pretending to be calm, while altcoins have already social died. --- Bitcoin can't hold 85k, it feels like the story is about to start. Everyone, be cautious when bottom fishing. --- Why are altcoins always the first to be cut? This trading is so unfair. --- A 0.68% drop and some people are panicking? The truly tragic ones are those with double-digit percentages—they're gone. --- Over 3 trillion lost, I want to know where the funds are flowing to. --- Both PUMP and GIGGLE have dropped to 00186. Is anyone still playing with this? --- Every time I see Ethereum, I want to laugh. Its decline is still the most moderate, really steady.

View OriginalReply0

ChainMemeDealer

· 2025-12-19 00:11

Altcoins have once again become a harvesting tool for retail investors, with PUMP and GIGGLE being cut in half directly. BTC is still struggling to hold on, this drop really hurts. The 3 trillion mark has been broken, looks like we have to wait a bit longer. SOL can't hold on anymore, thought it was stable. The rebound is still far away, keep waiting for signals.

View OriginalReply0

RugpullSurvivor

· 2025-12-19 00:11

Here we go again, this time the altcoins really just lay flat. PUMP and GIGGLE drop 11%? I knew it would turn out like this. It's the same old story. When Bitcoin drops below a small number, trash coins are cut in half. So ironic. Wait, from 3 trillion to 2.96 trillion, how can there still be people daring to buy the dip in altcoins? I just can't understand.

View OriginalReply0

ZenMiner

· 2025-12-18 23:54

85,000 didn't hold up, this time it's really looking uncertain --- Once again, broke through the integer threshold, I'm overwhelmed --- Altcoins were directly slaughtered, PUMP and GIGGLE both dropped 11%, who can withstand this? --- Can't even hold 3 trillion? Feels like we're entering the next stage --- The fact that SOL dropped below 120 is quite interesting --- Mainstream coins can still resist, altcoins really have no way out --- After this wave, are we going to cut losses again? --- The time to watch the show has arrived, everyone --- With the market cap shrinking so quickly, how will it recover later? --- BTC is already at 85,000, still want to go up? Dream on --- Solana was smashed through, that's for sure --- Looking at this decline, it feels far from over --- The death list of altcoins is about to be updated again

View OriginalReply0

BlockchainArchaeologist

· 2025-12-18 23:54

Another wave of bloodbath, altcoins really have no way out this time It's good enough if BTC holds above 85k, mainly depends on the Federal Reserve's moves PUMP and GIGGLE were cut in half directly, this is the result of playing meme coins Losing the 3 trillion mark is a bit risky, depends on whether it can rebound back Solana also dropped sharply this time, ecosystem tokens are even worse, should I buy the dip? Mainstream coins can still hold up, but the overall atmosphere is indeed not very good

View OriginalReply0