Bitcoin, Ethereum, and XRP Dip as Liquidations Surge Past $490 Million Despite Stock Market Gains
Bitcoin traded around $89,000 after dipping to $88,420 earlier on Dec 5, 2025, marking a more than 3% drop within 24 hours. This volatility follows Bitcoin sliding from above $92,000 and a late-November seven-month low near $81,000. Leading altcoins including Ethereum at approximately $3,021, XRP at around $2.03, Solana near $132, and Dogecoin under $0.14 all experienced declines within the same period.
Liquidations across the cryptocurrency market surpassed $493 million in the last 24 hours, with Bitcoin accounting for about $191 million of that total. Notably, approximately $412 million of these liquidations were long positions, indicating significant selling pressure. Data was cited from CoinGlass.
Conversely, major stock indices showed gains, with the S&P 500 approaching an all-time high amid expectations of a third interest-rate cut at the upcoming Federal Open Market Committee meeting. Despite the broader market gains, crypto-related equities declined: Bitcoin miners such as CleanSpark (CLSK) fell around 8%, Bitfarms (BITF) and HIVE Blockchain decreased about 5%, Coinbase was around 1% lower, and Marathon Digital (MSTR) and Robinhood (HOOD) dropped approximately 3%.
The report noted no immediate clear catalyst for the crypto sell-off beyond ongoing market volatility. This information was reported by Andrew Hayward.
