Crypto Sector Lit Up Bright Red as Bitcoin Slips Back to $90K

2025-12-05 17:20:27

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Source: CryptoNewsNet Original Title: Crypto Sector Lit Up Bright Red as Bitcoin Slips Back to $90K Original Link: https://cryptonews.net/news/bitcoin/32092076/ Bitcoin is experiencing an early weekend decline this holiday season, slipping back to $90,000 in early U.S. trading hours, continuing an overnight tumble rather than waiting until its customary Sunday evening plunge.

This move reverses much of the bounce from last Sunday night’s panicky drop that had pushed bitcoin back to $84,000.

Ethereum is 2% lower in concert with BTC, while other leading altcoins such as Solana, Cardano, Dogecoin, and Hyperliquid are down more than 4% each.

The action could reinforce prior analyst forecasts that instead of a rapid rebound, there’s more consolidation ahead towards year-end for the crypto market.

Crypto-related equities are sharply lower across the board, with MicroStrategy, Galaxy Digital, CleanSpark, and American Bitcoin among those sporting declines of 4%-7%.

According to market data, the most bearish time of day over the past six months has been the hour before the U.S. market opens and the first hour of U.S. trading. Friday has also been the most consistently bearish day of the week across the same time period.

BTC-2.52%

ETH-3.74%

SOL-3.67%

ADA-4.99%

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