Crypto markets face renewed pressure as capitalization falls below $3 trillion again, with large-cap assets and ETF-linked tokens leading declines amid shifting institutional sentiment.
The cryptocurrency market continued to slide, breaking below $3 trillion in capitalization for the third time this month, as large-cap assets with ETF exposure faced selling from institutional investors reassessing risk into year-end. Bitcoin fell 1.5% to $86,580, Ether dropped to $2,930, and XRP's recovery stalled near $1.90. The crypto fear and greed index hit 11, its lowest in a month, with several major assets breaching key technical support. Liquidity remains thin, amplifying volatility, though selective long-term accumulation persists, such as Strategy’s purchase of 10,624 BTC. Weak crypto performance contrasted gains in major Asian equity indices driven by Beijing stimulus hopes, while a strengthening dollar added pressure to dollar-denominated assets.