Crypto Markets Decline as PayFi and DeFi Sectors Lead Losses on December 5, 2025
On December 5, 2025, cryptocurrency markets pulled back after several days of gains, with the PayFi sector leading losses at nearly 4%. Bitcoin fell 1.06% to below $93,000, while Ethereum dropped under $3,200. XRP experienced a notable decline, sliding 4.37% on the day.
Several major sectors, including CeFi, Layer 2, Meme, and DeFi, registered declines with sector indices down between 2% and 4.4%. CeFi, Layer 1, and DeFi sectors were the hardest hit during this period.
Despite the widespread pullback, some tokens showed strength. Dash rose over 3%, Ultima increased by more than 5%, and Zcash surged 10% in the Layer 1 category. Merlin Chain also gained nearly 10% intraday. Additionally, OKB, Fartcoin, and MYX Finance recorded notable gains amid the market decline.
This update was reported live by Jai Pratap, Asia Desk Editor, with the last update noted on December 5, 2025.
