Cryptocurrencies, the stock market, and commodities, including gold and silver, struggled on Monday ahead of the release of the Federal Reserve’s meeting minutes.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.03% | $87,054.88 |
| Ethereum (CRYPTO: ETH) |
-1.13% | $2,926.76 |
| XRP (CRYPTO: XRP) | -1.27% | $1.84 |
| Solana (CRYPTO: SOL) | -2.82% | $122.87 |
| Dogecoin (CRYPTO: DOGE) | -1.76% | $0.1225 |
Bitcoin Gets Rejected At $90,000
Bitcoin surged beyond $90,000, only to reverse and fall back to $86,000 in the early trading hours. Trading volume for the apex cryptocurrency jumped 187% over the last 24 hours, indicating high liquidity and trader interest.
Ethereum’s rally beyond $3,000 was also halted, as the second-largest cryptocurrency dipped and subsequently consolidated in the $2,900 range. Trading volume more than doubled in the 24-hour period. XRP and Dogecoin also recorded noticeable drops.
Shares of cryptocurrency-linked stocks Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 2.15% and 1.32%, respectively, during the regular trading session.
Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR and COIN here.
Over $270 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with roughly $160 million in bullish long bets wiped out.
Interestingly, Bitcoin’s open interest rose 0.52% in the last 24 hours. A drop in the spot price combined with a rise in its open interest in futures or options typically indicates a bearish trend or short build-up.
The “Extreme Fear” sentiment continued to dominate the market, according to the Crypto Fear and Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| 0x Protocol (ZRX ) | +31.03% | $0.1652 |
| Pieverse (PIEVERSE ) | +23.35% | $0.6302 |
| RaveDAO (RAVE ) | +16.40% | $0.4442 |
The global cryptocurrency market capitalization stood at $2.95 trillion, marking a decline of 1% in the last 24 hours.
Stocks Fall Alongside Gold, Silver
Stocks kicked off the final trading week of 2025 on a down note. The Dow Jones Industrial Average retreated 249.04 points, or 0.51%, to end at 48,461.93. The S&P 500 fell 0.35% to settle at 6,905.74, while the tech-focused Nasdaq Composite declined 0.50% to finish the day at 23,474.35.
In commodities news, silver fell roughly 10% after reaching record highs of over $80 per ounce earlier in the day. Similarly. Gold pulled back more than 4% from its record high of $4,550 per ounce
Meanwhile, investors await the Federal Reserve’s December meeting minutes, due Tuesday, for clues on future monetary policy.
A Green Signal For Bitcoin?
Michaël van de Poppe, a widely followed cryptocurrency commentator, noticed a bullish divergence between Bitcoin and gold.
“Gold comes down, Bitcoin consolidates and this starts to look better,” Van De Poppe stated. “On top of that, given that this is a valid bullish divergence, it implies that Bitcoin is likely to outperform Gold in the coming period.”
“The big rotation is on the horizon,” the analyst added.
Darkfrost from CryptoQuant’s on-chain analytics team noted that long-term Bitcoin holders have eased their selling to the extent that their supply is now growing once more, even as short-term holders keep accumulating BTC.
“Historically, such shifts have often preceded the formation of consolidation phases or even bullish recoveries, depending on how the broader trend evolves,” the analyst said.
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