The crypto market is down today, with the cryptocurrency market capitalisation decreasing by 2.8% and pulling back to $3.16 trillion. 97 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at $154 billion.
Crypto Winners & Losers
At the time of writing, all top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.
Bitcoin (BTC) is down by 2.8% since this time yesterday, currently trading at $90,051.
Ethereum (ETH) is down by 4.3%, now changing hands at $3,182. This is the category’s third-highest decrease today.
The highest drop is Dogecoin (DOGE)’s 6.3% to the price of $0.1468.
It’s followed by Solana (SOL)’s 6%, trading at $130.
At the same time, the smallest decrease in the category is 0.4% by Tron (TRX), currently trading at $0.2789.
As for the top 100 coins, only three have appreciated over the past day. These are Provenance Blockchain (HASH), MemeCore (M), and Rain (RAIN), which are up 8.5%, 1.1%, and 1.1% to $0.03038, $1.47, and $0.007672, respectively.
On the red side, Pump.fun (PUMP) decreased the most in this category: 9.3% to $0.002763.
Ethena (ENA) follows with an 8.8% fall to the price of $0.2487.
As expected, the US Federal Reserve approved a 25 basis point rate cut at Wednesday’s FOMC meeting. However, many argued that the cut had already been priced in.
Ruslan Lienkha, chief of markets at YouHodler, commented that “my base-case scenario for the week is continued consolidation around current levels, accompanied by moderate downward pressure.”
‘A Lid On The Rally For Risk Assets’
Nic Roberts-Huntley, co-founder and CEO of Blueprint Finance, commented on the US Federal Reserve’s move, saying that the 25-basis-point rate cut “will likely soften borrowing costs further and generally boost risk-asset sentiment, which tends to work in favor of crypto.”
It could see Bitcoin “rally back toward levels we lost over the past few weeks, provided there’s actual liquidity ready to be deployed.”
That said, he noted, “we’re heading into a complex macro season” and that it will be “hard to isolate the effect of the rate cut in the near term.”
Moreover, Nic Puckrin, investment analyst and co-founder of The Coin Bureau, said that FOMC decision wasn’t as hawkish as many market participants were expecting, so markets are breathing a sigh of relief.
However, the Fed is now expected to cut rates only once in 2026, fewer than investors hoped for. This could still change with the change of Chair next year. The attention will now turn to liquidity and the Fed’s balance sheet policy in early 2026.
The fewer expected cuts and the diverging opinions within the committee “inject a fresh dose of uncertainty into the macro outlook.”
“And as any investor knows, markets are allergic to uncertainty. This puts a lid on the rally for risk assets heading into the end of the year.”
That said, the Fed’s announcement is not enough to spark a Santa rally for BTC, and there are no other obvious catalysts from here on, Puckrin argued, barring any unexpected announcements from the US President.
Additionally, Alexis Sirkia, Chairman of Yellow Network, saying that “the market is mulling over the Fed’s decision of a third quarter-point rate cut to ease the affordability crunch.”
And yet, “the irony here is that the Fed itself is operating with limited visibility due to the government shutdown, themselves looking to make a critical decision on incomplete data.”
Slowing down is typical of a centralized system breakdown, designed for stability but forced to make a judgment call in the dark. “I see this as a clear opportunity for the old economic models to be transformed – with trustless systems,” Sirkia said.
Levels & Events to Watch Next
At the time of writing on Thursday morning, BTC stood at $90,051. For the first part of the day, it moved sideways before jumping to the intraday high of $94,177 before swiftly dropping to the intraday low of $89,623.
Over the past week, BTC fell by 3.3%. It has been trading in the $88,202–$94,267 range.
Should BTC fall below $92,000, it could fall to $87,000 and even the $83,000 level. A steady increase above $92,000 could lead to $98,000, followed by $100,600, $106,000, and $108,000.
Ethereum is currently changing hands at $3,182. Similarly to BTC, after trading relatively sideways for the first several hours of the day, ETH jumped to $3,432, the day’s highest point. It then plunged to $3,176 before slightly recovering to the current price.
ETH also entered the red zone in the 7-day timeframe, having decreased by 0.6% and trading between $2,946 and $3,390.
If it continues falling, the price could reach $3,050 and $2,940. Conversely, a move above $3,350 may lead to $3,500 and $3,750.
Meanwhile, the crypto market saw a minor decrease on Thursday morning, not moving from the fear territory. The crypto fear and greed index pulled back to 29 today from 30 yesterday.
Much like the market itself, the sentiment continues moving in a very tight range. Market participants are awaiting further macroeconomic and/or geopolitical signals to point to a short-term direction.
ETFs Continue Inflow Streak
On Wednesday, the US BTC spot exchange-traded funds (ETFs) posted another day of positive flows, with a notable $223.52 million in inflows. The total net inflow increased slightly to $57.93 billion.
Of the twelve BTC ETFs, two recorded inflows, compared to yesterday’s eight. None saw outflows. BlackRock took in $192.95 million, followed by Fidelity’s $30.58 million.
Moreover, the US ETH ETFs as well posted another day of positive flows on 10 December, with $57.58 million in inflows. The total net inflow now stands at $13.15 billion.
Of the nine funds, two recorded inflows, and one saw outflows. BlackRock added $56.45 million, followed by Grayscale’s $7.91 million, while Fidelity let go of $6.78 million.
Meanwhile, Ark Invest’s CEO Cathie Wood argued that Bitcoin’s four-year cycle may no longer define its long-term performance. Instead, it’s the institutional adoption that’s reshaping volatility, the depth of future drawdowns, and more.
Moreover, Galaxy said that it will establish an operation under the Abu Dhabi Global Market (ADGM), the emirate’s international financial centre and a rising destination for crypto and fintech firms.
Quick FAQ
- Why did crypto move against stocks today?
The crypto market recorded a decrease over the past 24 hours, and the US stock market closed its previous session sharply higher. By the closing time on Wednesday, 10 December, the S&P 500 was up by 0.67% (just missing an all-time high), the Nasdaq-100 increased by 0.42%, and the Dow Jones Industrial Average rose by 1.05%. This comes after the US Federal Reserve cut the key rate to a range of 3.5% to 3.75%.
- Is this drop sustainable?
The market has been largely consolidating over the past month. Analysts expect it to continue moving in the existing range in the short time, while investors wait to see if Bitcoin’s four-year cycle will indeed break or will remain as it historically presented itself.
Crypto Winners & Losers
At the time of writing, all top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.
Bitcoin (BTC) is down by 2.8% since this time yesterday, currently…
The post Why Is Crypto Down Today? – December 11, 2025 appeared first on Cryptonews.
