by Coinstrooper Crypto Articles
Quick Take
  • 96 of the top 100 coins have dropped over the past 24 hours.
  • At the same time, the total crypto trading volume is at $254 billion.
  • At the time of writing, all top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.
  • Bitcoin (BTC) has dropped by 6.2% since this time yesterday, currently trading at $97,033.

What Happened

“Despite recent price movement, 2025 has been the year of institutional investment into digital assets, with institutions now holding over 4 million BTC,” Harz writes in an email commentary.

Market Context

The crypto market is down today and by a significantly higher percentage than over the past few days, with the cryptocurrency market capitalisation decreasing by 5.6%, now standing at $3.38 trillion. 96 of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $254 billion.

At the time of writing, all top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.

Bitcoin (BTC) has dropped by 6.2% since this time yesterday, currently trading at $97,033.

Solana (SOL) is in in the second place, having dropped 8.6% to the price of $142.

When it comes to the top 100 coins, only four are green. Among these, Zcash (ZEC) appreciated the most, rising to the price of $507.

On the other hand, three coins saw double-digit drops. Story (IP) fell 15%, now trading at $3.34.

Nic Puckrin, crypto analyst and co-founder of The Coin Bureau, argues that the “crypto market has been struggling to regain momentum since October’s pandemonium.”

Rather, it’s more sensitive to macro headwinds and liquidity concerns and is “perfectly positioned to break out once those concerns dissipate.”

Notably, as the US re-opens and data starts flooding back in, “we may see the BTC price wobble over the coming weeks.”

Moreover, Dom Harz, co-founder of BOB, commented on institutional involvement in BTC as the coin’s price drops below $100,000.

Why It Matters

The real test could be the interest rate decision in the US on 10 December. Still, “it remains likely that the news will be positive, which could set the stage for a Santa rally in crypto and other risk assets,” Puckrin concludes.

Details

Crypto Winners & Losers

Ethereum (ETH) is down by 9.2%, now changing hands at $3,208. This, along with Lido Staked Ether (STETH), is the highest fall in the category.

The smallest fall is 2.3% by Tron (TRX), which now stands at $0.2927.

Leo Token (LEO) follows with a 2% rise to $9.17.

It’s followed by Aave (AAVE)’s 13.6% and Hedera (HBAR)’s 10.4% to $185 and $0.1606, respectively.

‘Bitcoin Appears To Be Fighting One Battle After Another’

“Bitcoin appears to be fighting one battle after another, dragged down by US dollar strength and higher Treasury yields, long-term holders selling, and macro uncertainty,” he says.

Puckrin finds it “unsettling” to see crypto and tech stocks diverging when they typically move in lockstep. This dynamic shows that BTC “isn’t just a proxy for the Nasdaq.”

These institutions are “increasingly looking to store excess cash in DeFi vaults for higher-yield opportunities. These two movements are converging with Bitcoin DeFi; moving the world’s biggest digital asset beyond a store of value and into a yield-generating asset. “

He continues: “As this mainstream appetite for DeFi grows, serious technological advancements are unlocking Bitcoin’s utility. Key players in institutional crypto and Bitcoin DeFi adoption are opening up access to BTCFi, where institutions can leverage yield-bearing opportunities for their BTC holdings. Bitcoin DeFi is poised to be at the forefront of the global financial system – from Wall Street to Main Street.”

Levels & Events to Watch Next

At the time of writing on Friday morning, BTC fell below the $100,000 mark and to the $96,000 level, now standing at $97,033.