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Bitcoin’s $90K Support Gives Way, Triggering Wider Crypto Market Decline Bitcoin’s consolidation at around $90K did not last long, and several hours ago its price plummeted to a two-week low of nearly $85K. On the surface, it looked like there wasn’t a major factor that had triggered the sell-off, but a deeper look shows some potential reasons. One of those is the reduced chance that the pro-crypto Kevin Hassett would become the new Chairman of the Federal Reserve. Polymarket now leans towards Kevin Warsh, who has a rather cautious view on the crypto industry and has supported the creation of a CBDC in the United States. The plunge to approximately $85,100 appears to have been the local bottom (at least for now), as buyers managed to reclaim some lost ground and currently $BTC trades around $87,700. Following the recent drop, the asset’s market capitalization tanked to roughly $1.72 trillion, whereas its dominance against the alternative coins stands at 59.2%. The Alts Suffered More Serious Losses As it usually happens, the altcoins mimicked BTC’s move, and many of them witnessed even more substantial declines. Aster (ASTER) dropped by 12% on a 24-hour scale to around $0.81, whereas Midnight (NIGHT), Pump.fun (PUMP), Ondo (ONDO), and Worldcoin (WLD) also headed south by double digits.

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Bitcoin falls below $87, putting pressure on other cryptocurrencies. ASTER and ONDO lead the declines with double-digit losses. Federal Reserve and Polymarket increase uncertainty surrounding CBDC. Tuesday, December 16, 2025 – The last 24 hours have been difficult for those betting on a rise in the cryptocurrency market. A rapid and intense drop hit the sector as a whole, with Bitcoin (BTC) nearing a two-week low and several altcoins extending their losses. Bitcoin (BTC), which had been trying to hold near the $90 mark, lost support and plunged to the $85.100 range. The movement occurred without a single evident trigger, but market readings pointed to possible factors that helped increase selling pressure in the short term. At the time of publication, Bitcoin is currently trading at US$86.291,10, down 3,5% on the day, reflecting caution among market participants following the sudden correction and increased volatility in major market pairs. Related Stories Sberbank is testing DeFi and tokenization to meet the demand for cryptocurrencies. 16/12/2025 The FCA opens consultation on new cryptocurrency rules in the United Kingdom. 16/12/2025 Among the points observed, the perception that the chance of Kevin Hassett — seen as favorable to cryptocurrencies — assuming the presidency of the Federal Reserve has decreased has gained strength. On Polymarket, the favoritism has shifted to Kevin Warsh, who is described as more cautious regarding the sector and has already shown support for the creation of a CBDC (Central Bank Digital Currency) in the United States. After touching the $85.100 region, Bitcoin reacted and recovered some ground, starting to fluctuate again above $86. Even with the partial recovery, the pullback affected the asset's overall indicators, bringing its market capitalization to around $1,72 trillion, while BTC's dominance over altcoins remained around 59,2%. As is often the case in corrections, altcoins felt the impact most strongly. Aster (ASTER) led the declines among popular names, falling 12% on the day to near US$0,81. Midnight (NIGHT), Pump.fun (PUMP), Ondo (ONDO), and Worldcoin (WLD) also appeared among the negative highlights, with double-digit losses during the period. On the other hand, few cryptocurrencies managed to hold onto gains on December 16th. Canton (CC), Provenance Hash (HASH), and Monero (XMR) were among the rare exceptions, with modest increases in the 1% to 2% range. With the widespread pullback, the total cryptocurrency market capitalization fell to approximately US$3,03 trillion, representing a 4,1% decline in just one day. [ccpw id = ”3759 ″] Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.