Crypto Markets Slide as Bitcoin Breaks $90K, Year-End Pessimism Grows

Bitcoin appears exhausted at the end of the year, with the BTC price falling back to $86,000. Ethereum even suffered a daily loss of 6 percent, and XRP and Solana are faring little better.

Disappointed faces in the crypto market

The trading week opened with significant losses, with Bitcoin sliding down 3.5 percent to around $86,000. None of the 10 largest altcoins managed to post gains; from Ethereum to XRP and Solana to Cardano, losses dominate the scene. An overview:

– Leading Bitcoin company Strategy announced yesterday that it had purchased just over 10,000 BTC last week at average prices of $92,000 for a total of $980 million. This may have been one reason why the Bitcoin price curve didn’t collapse earlier. However, the psychologically important $90,000 mark has now been breached again, and pessimism is spreading.

Ethereum has found itself at around $2,900 after a sharp daily drop of 6 percent, having virtually evaporated the $3,000 support level without resistance. This has led to the rare situation where Ethereum is leading the financial sentiment in the crypto derivatives markets , with liquidated positions totaling $235 million over the past 24 hours.

– For XRP (Ripple), the resistance collapsed at the $2 mark. With prices near $1.90, XRP has reached a monthly low – even though XRP ETFs continue to see inflows.

– Solana ETFs continue to attract capital, but SOL itself has fallen significantly below $130. The situation is even bleaker for Cardano , with prices around $0.38 and ADA hitting a yearly low.

– From a macroeconomic perspective, all eyes are on Japan, where the central bank will decide on an interest rate hike on Friday (December 19). This is relevant for Bitcoin and other cryptocurrencies because savvy investors have often taken out cheap loans in Japan to invest in riskier assets like crypto. However, this could now come to an end, as the economic news agency Reuters is forecasting the highest Japanese interest rate in 30 years.

Conclusion: The crypto year 2025 is threatened with a bitter end; Bitcoin is in trouble

Bitcoin ETFs in the US reported a $357 million outflow on Monday, while Ethereum ETFs lost $224 million. These figures also indicate that large investors are cleaning up their portfolios at the end of the year and selling off crypto. Solana, XRP, and Cardano are unable to defy the price trends; Bitcoin, as usual, is leading the way.

Analysts are already pointing to next year, suggesting that an upswing could begin as the crypto markets currently consolidate. The anticipated Christmas rally appears to have been called off, with $80,000 now considered a critical support level for Bitcoin . The upcoming interest rate decision in Japan could be decisive in determining the direction Bitcoin and other cryptocurrencies take in late 2025.

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(Featured image by Traxer via Unsplash)

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