On December 19th, the cryptocurrency market suffered another sharp drop overnight. According to HTX market data, Bitcoin fell below $85,000, hitting a low of $84,450, and is currently priced at $85,382, a 24-hour decrease of 0.68%. Ethereum briefly fell below $2,800, and is currently priced at $2,825, a 24-hour decrease of 0.02%. SOL fell below $120, a 24-hour decrease of 2.81%. The total market capitalization of cryptocurrencies fell below the $3 trillion mark, currently at $296 million, a 24-hour decrease of 1.1%. Some Altcoin led the decline, including:
PUMP is currently trading at $0.00186, down 11.41% in the last 24 hours.
GIGGLE is currently trading at $0.00186, down 11.41% in the last 24 hours.
AXL is currently trading at $0.086, down 9.3% in the last 24 hours.
DOLO is currently trading at $0.034, down 8.7% in the last 24 hours.
VELODROME is currently trading at $0.0197, down 8.8% in the last 24 hours.
U.S. stocks closed higher across the board. The Dow Jones Industrial Average rose 0.14%, the S&P 500 gained 0.79%, and the Nasdaq Composite climbed 1.38%. Nvidia rose nearly 2%, and Tesla jumped over 3%. Trump Media Technologies surged 41.9% following market news yesterday that the company will merge with TAE Technologies in an all-stock transaction, expected to close by mid-2026. The merged company is projected to select a site and begin construction of its first utility-scale nuclear fusion power plant in 2026.
US-listed crypto stocks were mixed, with most Ethereum crypto treasury (DAT) companies declining.
Strategy (MSTR) fell 1.33%;
Circle (CRCL) rose 2.38%;
Coinbase (COIN) fell 2.04%;
MARA Holdings (MARA) fell 2.4%;
Riot Platforms (RIOT) rose 3.24%;
BitMine Immersion (BMNR) fell 3%;
SharpLink Gaming (SBET) fell 2.7%.
