Crypto crash today: Top reasons Bitcoin and altcoins are going down

cryptonews00:41

A crypto crash is underway today, Dec. 23, with Bitcoin and most altcoins being in the red, and the market capitalization of all coins falling by 2.45% to $2.95 trillion. Summary A crypto crash ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2593414395?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-24 00:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2593414395","market":"sh","top_or_hot":-1,"title":"Crypto crash today: Top reasons Bitcoin and altcoins are going down","media":"cryptonews","content":"<div>\n<p>A crypto crash is underway today, Dec. 23, with Bitcoin and most altcoins being in the red, and the market capitalization of all coins falling by 2.45% to $2.95 trillion. \n\n\nSummary\n\n\n\nA crypto crash ...</p>\n\n<a href=\"https://crypto.news/crypto-crash-today-top-reasons-bitcoin-altcoins-down/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto crash today: Top reasons Bitcoin and altcoins are going down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto crash today: Top reasons Bitcoin and altcoins are going down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-24 00:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/crypto-crash-today-top-reasons-bitcoin-altcoins-down/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A crypto crash is underway today, Dec. 23, with Bitcoin and most altcoins being in the red, and the market capitalization of all coins falling by 2.45% to $2.95 trillion. \n\n\nSummary\n\n\n\nA crypto crash ...</p>\n\n<a href=\"https://crypto.news/crypto-crash-today-top-reasons-bitcoin-altcoins-down/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://crypto.news/crypto-crash-today-top-reasons-bitcoin-altcoins-down/","article_id":"2593414395","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/crypto-crash-today-top-reasons-bitcoin-altcoins-down/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2593414395","pubTimestamp":1766508079,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"A crypto crash is underway today, Dec. 23, with Bitcoin and most altcoins being in the red, and the market capitalization of all coins falling by 2.45% to $2.95 trillion.A crypto crash is happening, with Bitcoin and most altcoins falling.The decline happened after the strong US GDP data.It also happened as Bitcoin and Ethereum formed bearish patterns.Bitcoin  declined by 2.1% to $87,300, while Solana, Cardano, Chainlink, and Zcash dropped by over 3%. Most of these coins remained in a bear market.Investors remain on the sidelines ahead of the Christmas holiday. Data compiled by CoinGlass indicate that futures open interest declined by 1.5% over the past 24 hours to $128 billion. The volume in the spot market also dropped to $100 billion.Bitcoin and other cryptocurrencies rose following the release of strong U.S. macroeconomic data. According to the Bureau of Economic Analysis, the economy expanded by 4.3% in Q3, partly attributable to ongoing data center spending. The growth exceeded th","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF"},"translate_title":"今日加密货币崩盘：比特币和山寨币下跌的主要原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6},"content_text":"A crypto crash is underway today, Dec. 23, with Bitcoin and most altcoins being in the red, and the market capitalization of all coins falling by 2.45% to $2.95 trillion. \n\n\nSummary\n\n\n\nA crypto crash is happening, with Bitcoin and most altcoins falling.\nThe decline happened after the strong US GDP data.\nIt also happened as Bitcoin and Ethereum formed bearish patterns.\n\n\n\nBitcoin (BTC) declined by 2.1% to $87,300, while Solana, Cardano, Chainlink, and Zcash dropped by over 3%. Most of these coins remained in a bear market. \nThe crypto crash is happening because…\nInvestors remain on the sidelines ahead of the Christmas holiday. Data compiled by CoinGlass indicate that futures open interest declined by 1.5% over the past 24 hours to $128 billion. The volume in the spot market also dropped to $100 billion. \nBitcoin and other cryptocurrencies rose following the release of strong U.S. macroeconomic data. According to the Bureau of Economic Analysis, the economy expanded by 4.3% in Q3, partly attributable to ongoing data center spending. The growth exceeded the median estimate of 3.3%.\nAdditional data indicated that the country’s industrial and manufacturing output rose in November. Therefore, these numbers mean that the Federal Reserve may not have the urgency to cut interest rates in the coming year. Cryptocurrencies usually do well when the Federal Reserve is cutting rates.\nThe crypto crash is happening as investors position themselves for potential risks ahead. One sign of this is the ongoing surge in the Swiss franc and gold prices. Additionally, some large companies (i.e., Apollo Global Management) started moving to cash as risk increased. \nBitcoin price has formed a risky chart pattern\nBTC price chart | Source: crypto.news\nThe other main reason behind the ongoing crypto crash is that Bitcoin and Ethereum have formed bearish patterns on the daily and weekly chart. \nAs the chart above shows, Bitcoin is forming a bearish pennant pattern, a typical continuation pattern. This pattern consists of a vertical trendline and a symmetrical triangle.\nBitcoin formed a death cross pattern, which occurs when the 50-day and 200-day moving averages cross. It has also dropped below Supertrend indicator.\nTherefore, these patterns mean that Bitcoin may be at risk of more downside in the near term. A bearish breakout will likely lead to more weakness in the broader crypto market.\n\n\n\n\n\n                Read more:\n            \n\n                Polygon price eyes payments upside as Shift4 adds 24/7 stablecoin settlement","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2593414395","isCrawlerRequest":true}