Bitcoin(BTC) Drops Below 88,000 USDT with a 2.29% Decrease in 24 Hours
On Dec 07, 2025, 14:26 PM(UTC). According to Market Data, Bitcoin has dropped below 88,000 USDT and is now trading at 87,884.632813 USDT, with a narrowed 2.29% decrease in 24 hours.

XRP has defended its $2 psychological floor this week, rebounding nearly 6% on Tuesday following a brief liquidity sweep on Monday. Despite remaining in a multimonth downtrend since July, the $2.28–$2.30 resistance band now serves as a pivotal point for potential bullish continuation. A bullish daily close above $2.30 would confirm a break of structure, possibly leading to a move toward $2.58. XRP has shown aggressive movement between liquidity pockets in 2025, increasing the likelihood of a significant rally. Mildly negative funding and weakened open interest indicate bearish conditions, but

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Glassnode's analysis reveals a substantial increase in actual losses for short-term holders, with the 7-day moving average reaching $427 million per day. This marks the highest level since November 2022.
The analysis indicates that panic selling has peaked and intensified, surpassing the loss levels observed during the previous two major lows of the current cycle.

#BitcoinPriceWatch Bitcoin has crossed the 93,000 USDT benchmark and is now trading at 93,019.789063 USDT, with a narrowed narrowed 1.20% decrease in 24 hours.

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the Ethereum Foundation and Columbia University's School of Engineering have announced the establishment of the interdisciplinary Columbia-Ethereum Blockchain Protocol Design Research Center. The Ethereum Foundation will contribute up to $6 million to support the center's development, with a commitment to donate $500,000 annually for the first three years.

The Altcoin Season Index continues to reflect strong momentum in the cryptocurrency market, with a current score of 70/100, down slightly from yesterday's 72/100 but up significantly from last week's 50/100. This signals that altcoins are still outpacing Bitcoin in terms of market performance, with altcoin dominance remaining on the rise.

Ethereum's price recently fell below $4,700, currently trading at $4,687.38 per coin. Despite this decline, the cryptocurrency has seen a daily increase of 3.20%.

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cryptocurrency market experienced liquidations totaling $108 million in the past 24 hours. Of this amount, long positions accounted for $40.04 million, while short positions saw liquidations of $67.89 million.
A total of 55,335 traders were affected globally, with the largest single liquidation occurring on Hyperliquid's ETH-USD pair, valued at $3.53 million.

Bitcoin has dropped below 112,000 USDT and is now trading at 111,163.757813 USDT, with a narrowed 3.40% decrease in 24 hours.