Coinbase(US:COIN) Benzinga·2025-12-16 02:01Cryptocurrency Market Overview - Leading cryptocurrencies experienced declines, with Bitcoin falling by 2.92% to $86,052.02, Ethereum down 3.81% to $2,958.27, and XRP decreasing by 4.89% to $1.88 [2][3] - Over the last 24 hours, the cryptocurrency market saw liquidations exceeding $600 million, including $505 million in bullish long positions [4] - The global cryptocurrency market capitalization decreased by 1.75%, now standing at $3.03 trillion [6] Market Sentiment and Analysis - The Crypto Fear and Greed Index indicates a prevailing "Extreme Fear" sentiment in the market [5] - Bitcoin has been trading below the Short-Term Holders' realized price of $104,000 for nearly two months, suggesting that recent buyers are at a loss [10] - Analysts project that if Bitcoin does not reclaim the $104,000 level, market conditions will remain challenging for new entrants, indicating a transitional phase rather than a bearish market [11] Stock Market Performance - Stocks also declined, with the Dow Jones Industrial Average falling by 41.49 points (0.09%) to 48,416.56, the S&P 500 dipping 0.16% to 6,816.51, and the Nasdaq Composite decreasing by 0.59% to 23,057.41 [7] - Analysts forecast approximately 40,000 new nonfarm payrolls for November, a significant drop from September's 119,000 jobs added, which may impact market sentiment [8]