Why Is Crypto Down Today? – December 11, 2025

The cryptocurrency market is experiencing a decline today, with a 2.8% drop in market capitalization, bringing it down to $3.16 trillion. Most of the top coins suffered losses, and trading volume stands at $154 billion. Analysts are observing the impact of the recent U.S. Federal Reserve rate cut and the overall market sentiment as they navigate uncertain conditions.

Key Takeaways

The total cryptocurrency market cap fell to $3.16 trillion, a decrease of 2.8%.
Most top cryptocurrencies, including Bitcoin and Ethereum, saw price declines.
Only three out of the top 100 coins registered gains in the last day.
The U.S. Federal Reserve's recent rate cut could influence market sentiment but introduces uncertainty ahead.
Market analysts are closely monitoring economic indicators for future price movements.

Why Is Crypto Down Today

Current Market Overview

Today, the cryptocurrency market is down, with market capitalization dropping by 2.8% to $3.16 trillion. A majority of the top 100 coins, specifically 97, have decreased in value over the past 24 hours. Meanwhile, overall trading volume is recorded at $154 billion.

Performance of Top Cryptocurrencies

As of now, all top 10 cryptocurrencies by market capitalization have experienced price declines in the last 24 hours:

Bitcoin (BTC) has decreased by 2.8% to a trading price of $90,051.
Ethereum (ETH) is down by 4.3%, now trading at $3,182, marking the third-highest decrease in its category today.
The largest drop comes from Dogecoin (DOGE), down 6.3%, now priced at $0.1468.
Solana (SOL) follows with a 6% drop, trading at $130.
The smallest decline among the top 10 coins is from Tron (TRX), which fell by 0.4% to $0.2789.

Out of the top 100 cryptocurrencies, only three saw gains today: Provenance Blockchain (HASH) (+8.5% to $0.03038), MemeCore (M) (+1.1% to $1.47), and Rain (RAIN) (+1.1% to $0.007672). On the other hand, Pump.fun (PUMP) experienced the largest drop, decreasing 9.3% to $0.002763, followed closely by Ethena (ENA), which fell 8.8% to $0.2487.

Impact of the U.S. Federal Reserve's Decision

At the recent FOMC meeting, the US Federal Reserve approved a 25 basis point rate cut. However, many experts opine that this cut was already anticipated in market prices. Ruslan Lienkha, chief of markets at YouHodler, suggested that the week may continue to show consolidation around current levels, along with moderate downward pressure.

Commentary on Market Sentiment

According to Nic Roberts-Huntley, co-founder of Blueprint Finance, this rate cut could lower borrowing costs, potentially improving market sentiment towards risk assets, including cryptocurrencies. He stated Bitcoin could recover if liquidity is available, noting, however, that the current macroeconomic situation is complex.

Investor Nic Puckrin from The Coin Bureau indicated that the Fed's recent decision was less aggressive than expected, allowing the market to breathe more easily. However, expectations suggest only one more rate cut in 2026, which may lead to further uncertainty in the market outlook.

Alexis Sirkia, Chairman of Yellow Network, mentioned that the Fed's decisions are being made with limited visibility due to ongoing government shutdowns, indicating a need for transformation in economic models toward more decentralized systems.

Price Levels and Key Events to Watch

As of Thursday morning, BTC is valued at $90,051. Its price has fluctuated, hitting an intraday high of $94,177 before falling to $89,623. Over the past week, Bitcoin has seen a decline of 3.3%, trading within the range of $88,202 to $94,267. A drop below $92,000 could push BTC towards $87,000 or $83,000, whereas breaking above $92,000 could lead to prices reaching $98,000 and beyond.

Ethereum is currently trading at $3,182. Similar to Bitcoin, ETH has moved sideways initially before reaching a high of $3,432 and subsequently dropping to $3,176. The 7-day timeframe indicates a 0.6% decrease for ETH, with trading levels ranging from $2,946 to $3,390. A further decline could see the price drop to $3,050; however, a rise above $3,350 might lead to $3,500 and $3,750 levels.

Moreover, the crypto fear and greed index has pulled back to 29 today from 30 yesterday, indicating cautious sentiment among market participants, who are looking for macroeconomic signals to provide direction.

Market Trends and Indicators

Positive Flows in Bitcoin and Ethereum ETFs

On Wednesday, U.S. Bitcoin spot ETFs recorded $223.52 million in inflows, raising total net inflows to $57.93 billion. Among the twelve ETFs, two reported inflows, with BlackRock leading at $192.95 million and Fidelity at $30.58 million.

ETF Inflows Statistics

Ethereum ETFs also showed positive inflows, with $57.58 million reported on December 10, growing the total to $13.15 billion. Among the nine funds, two noted inflows with BlackRock gaining $56.45 million, while Fidelity experienced some outflows.

Ethereum ETF Trends

Future of Bitcoin's Market Dynamics

Cathie Wood from Ark Invest argues that Bitcoin’s traditional four-year cycle may no longer dictate its long-term market behavior, with institutional adoption driving its volatility and performance.

Additionally, Galaxy has announced plans to establish a presence in the Abu Dhabi Global Market (ADGM), emphasizing the emirate’s growing appeal for crypto and fintech companies.

Quick FAQ

The crypto market continued its decline today despite a strong performance from the U.S. stock market, where the S&P 500 rose by 0.67%. The Federal Reserve's cut of the key interest rate to 3.5% to 3.75% adds to the market's ongoing consolidation phase.

Analysts anticipate that the market will remain in this range as investors await confirmation about whether Bitcoin’s four-year cycle will maintain its historical trend or break away from it.