000 resistance level of Bitcoin
Search documents
Why Is Crypto Down Today? – December 9, 2025
Yahoo Finance· 2025-12-09 12:19
Market Overview - The cryptocurrency market capitalization has decreased by 1.2%, currently standing at $3.17 trillion [1][2] - Total crypto trading volume is at $116 billion [1] Price Movements - 86 of the top 100 coins have experienced price declines over the past 24 hours [1][4] - Bitcoin (BTC) has decreased by 1.1% to $90,480 [2][3] - Ethereum (ETH) is down by 0.3%, trading at $3,122 [2][3] - Tron (TRX) has the highest decline among the top 10 coins, falling by 2.1% to $0.2811 [3] - Solana (SOL) has decreased by 1.9%, now priced at $133 [4] - Hyperliquid (HYPE) has seen a significant drop of 6.1% to $28.2, while Internet Computer (ICP) is down by 4.7% to $3.37 [4] Notable Performers - Zcash (ZEC) has increased by 12.8% to $419, and Canton (CC) is up by 9.8% to $0.07446 [4] Market Sentiment and Future Outlook - Market sentiment remains largely in the fear category [2] - Traders are focused on the US Federal Reserve's expected interest rate cut announcement [5] - The US CFTC has launched a pilot allowing Bitcoin, Ether, and USDC to serve as collateral in derivatives markets [5] - Attention is on Bitcoin's $91,000 resistance level, where the 20-day EMA meets a downward trend from last October [6]