{"id":120804,"date":"2025-12-16T11:02:06","date_gmt":"2025-12-16T11:02:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=120804"},"modified":"2025-12-16T11:02:06","modified_gmt":"2025-12-16T11:02:06","slug":"bitcoin-btc-collapses-to-85k-aster-aster-crashes-by-12-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=120804","title":{"rendered":"Bitcoin (BTC) Collapses to $85K, Aster (ASTER) Crashes by 12%: Market Watch"},"content":{"rendered":"

The last 24 hours have not been kind to the crypto bulls as the entire market experienced a sudden and substantial decline.<\/p>\n

Bitcoin (BTC) briefly fell to as low as $85,100, while some popular altcoins posted even bigger losses. Aster (ASTER) and Ondo (ONDO) are among the worst performers, with their prices nosediving by double digits.<\/p>\n

BTC Bleeds Out<\/h2>\n

Bitcoin\u2019s consolidation at around $90K did not last long, and several hours ago its price plummeted<\/a> to a two-week low of nearly $85K. On the surface, it looked like there wasn\u2019t a major factor that had triggered the sell-off, but a deeper look shows some potential reasons.<\/p>\n

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.<\/p>\n

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 $86,300.<\/p>\n

<\/a>BTC Price, Source: TradingView<\/p>\n

Following the recent drop, the asset\u2019s market capitalization tanked to roughly $1.72 trillion, whereas its dominance against the alternative coins stands at 59.2%.<\/p>\n

The Alts Suffered More Serious Losses<\/h2>\n

As it usually happens, the altcoins mimicked BTC\u2019s 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.<\/p>\n

Among the very few in green territory today (December 16) are Canton (CC), Provenance Hash (HASH), and Monero (XMR) all posting minor increases in the range of 1% \u2013 2%.<\/p>\n

The total cryptocurrency market capitalization tanked to approximately $3.03 trillion, meaning a significant decrease of 4.1% on a daily scale.<\/p>\n

<\/a>Cryptocurrency Market Overview, Source: QuantifyCrypto<\/p>\n

The post Bitcoin (BTC) Collapses to $85K, Aster (ASTER) Crashes by 12%: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The last 24 hours have not been kind to the crypto bulls as the entire market experienced a sudden and substantial decline. Bitcoin (BTC) briefly fell to as low as $85,100, while some popular altcoins posted even bigger losses. Aster (ASTER) and Ondo (ONDO) are among the worst performers, with their prices nosediving by double […]<\/p>\n","protected":false},"author":0,"featured_media":120805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-120804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/120804"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120804"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/120804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/120805"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}