Ah, December! It arrives with the finesse of a sledgehammer, but not in the way we imagined. Bitcoin, the old drama queen, plummets once again-losing a casual $6K in a matter of hours, and all without a single, decent reason for the chaos. Maybe it just felt like it. 🙄
Altcoins, naturally, join the parade of doom. ETH, the ever-hopeful, has now kissed goodbye to the $3,000 and $2,900 levels, while XRP-bless its heart-finds itself clinging desperately to a faint lifeline at $2.00. Oh, the struggle…😩
BTC, Who Needs $90K Anyway?
Bitcoin, the cryptocurrency king, reached a pitiful low of $80,500 on November 21. But, being the fighter it is, it rallied, crawling back to $84,000 over the next few days, and then-oh, the thrill!-it surged to $88,000 by Wednesday. A brief, glorious moment. The bulls, excited as children on Christmas morning, drove it to a 7-day peak of $93,000. The entire market buzzed with hope. Could we be headed to the big $100K? Not so fast, my friends.😏
Bitcoin was immediately slapped down at $93,000, like a child reaching for the cookie jar and getting caught. It slid back to $91,000, then spent the weekend sulking. But the drama doesn’t stop there. In the dead of night, the Asian trading session brought the inevitable nosedive, sending Bitcoin crashing below $86,000 for the first time in days. A moment of silence, please. 🥲
It did manage to claw back a thousand bucks, but it’s still 5% in the red for the day. Market cap? A mere $1.730 trillion. Dominance over the altcoins? Above 57%. So, it’s not all bad, right? 😒
Altcoins Bleed, But Who’s Surprised?
The altcoins are having their own tragic soap opera. ETH, with its dreams of grandeur, tumbles by over 5%, struggling to stay above $2,850. XRP, with all the elegance of a flat tire, drops nearly 7%, and is now under $2.05. Meanwhile, BNB, SOL, DOGE, ADA, LINK, and HYPE all join the party, seeing declines of up to 8%. It’s like a crypto version of a bad group project. 😬
ZEC, the overachiever turned disappointment, drops a whopping 19%, dragging it down to $365. Remember when it was flying high above $700? What a time to be alive… Or not. RAIN, however, seems to be doing its own thing-up by over 12%, trading above $0.008. Maybe it knows something we don’t? 🤷♂️
The entire crypto market has lost nearly $200 billion in just one day, with the total market cap now at a paltry $3 trillion. But hey, what’s a couple hundred billion among friends? 🤑
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2025-12-01 14:28