The cryptocurrency market loses ground again this Friday, learn the details

Source: CritpoTendencia Original Title: The cryptocurrency market loses ground again this Friday, find out the details Original Link: Despite significant improvement in recent sessions, the cryptocurrency market is experiencing new setbacks this Friday. A noticeable drop in the price of Bitcoin immediately spread to the so-called altcoins or alternative coins. Although these appear to be relatively moderate declines, they add up to a -30% drop for BTC since its all-time highs on October 6.

Over the last 24 hours, the total market capitalization of the entire sector dropped by -1.85%, settling at $3.11 trillion. Leading the declines is Bitcoin with a -2.14% drop in the same period, retreating to $90,615 at the time of writing. A similar performance can be seen among the major large-cap coins.

Among the most affected over the 24-hour period are XRP and SOL, both down around -4%. The declines are causing serious problems in the leveraged derivatives market. In the last 24 hours, a total of $341 million was liquidated among traders. Of these, more than $261 million correspond to long positions.

From Wall Street’s perspective, there is also bad news, with spot Bitcoin ETFs reporting outflows of $194.6 million as of Thursday’s close. Meanwhile, funds providing exposure to Ethereum posted outflows of around $41.5 million. These figures provide a general idea of the cryptocurrency market’s downturn on December 5.

The cryptocurrency market faces a decisive context

The negative performance of the crypto world this Friday comes despite the broader news context. In theory, most of these developments should create a positive environment for risk investors. For example, the odds of an interest rate cut by the Federal Reserve in less than a week have risen to 87.2%.

Other relevant news, such as Vanguard’s decision to offer cryptocurrency trading on its platform in 2026, is also seen as a positive catalyst. Added to this is the increased likelihood that Kevin Hassett will become the new Federal Reserve chair in mid-2026.

Hassett is one of the strongest advocates of flexible monetary policy and calls for dramatic interest rate cuts. Both pieces of news represent a huge stimulus for capital flows into the cryptocurrency market. Consequently, they represent a green light for investors to buy at lower prices before these factors cause a broad rally.

However, the reality is completely different and capital remains apathetic. For now, there are few clues as to what is weighing down digital currencies and preventing them from rising during Friday’s session.