Altcoins Drop Alongside Bitcoin Amid Market Volatility
The cryptocurrency market extended its volatile and largely negative price action over the past 24 hours, with most digital assets trading in the red. The weakness follows several failed attempts by Bitcoin and other major cryptocurrencies to reclaim key technical levels as the market approaches the final days of 2025.
Bitcoin Struggles to Break Key Resistance
Bitcoin once again failed to establish a sustained move above the $90,000 level. As previously reported, the asset briefly pushed higher, signaling potential recovery, but the momentum quickly faded. At the time of writing, Bitcoin has declined by approximately 2.5% over the past 24 hours, trading near $87,500.
The pullback came shortly after Bitcoin peaked at $90,536 on Bitstamp, triggering a wave of liquidations. Data from Coinglass shows total liquidations reached roughly $250 million, representing a 27% increase from the previous day. Nearly $200 million of those liquidations were tied to long positions, reflecting the market’s failed upside attempt.
If current conditions persist, Bitcoin is on track to close the fourth quarter of 2025 with a loss of around 22%, marking its weakest Q4 performance since the 2018 bear market. Analysts cite a combination of macroeconomic pressure, weakening on-chain signals, and declining speculative activity as contributors to the fragile short-term outlook.
Altcoins Follow Bitcoin’s Downtrend
Altcoins also came under renewed selling pressure. Ethereum was unable to maintain levels above $3,000 and is currently trading near $2,950, posting losses comparable to Bitcoin.
Major tokens including Solana (SOL), TRON (TRX), Dogecoin (DOGE), Cardano (ADA), XRP, and BNB declined between 1.5% and 2%. Privacy-focused cryptocurrencies Zcash (ZEC) and Monero (XMR) recorded steeper losses of around 6%, while Hyperliquid’s HYPE fell 4.4%.
