Here’s a quick update on what’s happening in the crypto world today:
The crypto market opened December with a sharp sell-off, dragging down both Bitcoin (BTC) — which dipped below US $86,000 — and Ethereum (ETH), which lost roughly 6–7%. This slump has triggered widespread liquidations, with millions in leveraged positions closed as investor sentiment turned cautious.
Analysts point to macroeconomic factors — including hawkish signals from the Bank of Japan and a broader “risk-off” mood in equity and bond markets — as major catalysts behind the drop. The volatility has hit cryptocurrency-linked stocks and “treasury” firms especially hard: many of those have recorded double-digit declines.
At the same time, some analysts argue that this turmoil doesn’t necessarily signal a collapse — but rather a phase of “directionless volatility.” Despite the drop, optimism remains among long-term holders and institutional investors that once macro conditions stabilize, digital-asset markets might rebound.
If you like, I can also pull up a 5-day price chart for BTC & ETH and a list of altcoins that are showing strength today (or are “bouncing back”).
