📉 Crypto Market Update — December 2, 2025

Bitcoin (BTC) dropped below ~US$86,000 after a wave of liquidations.

Ethereum (ETH) also suffered, sliding to around US$2,800–2,820, as broad risk-off sentiment hit the crypto space.

The downturn wasn’t limited to BTC and ETH — many altcoins and crypto-linked stocks faced steep losses as leveraged positions were liquidated and liquidity dried up.

Analysts link the sell-off to macroeconomic pressure: rising interest-rate expectations globally (especially after recent signals from Japan), weakening risk appetite, and a general pullback from high-volatility assets.

🔎 What’s Behind the Drop?

A major driver appears to be massive liquidations — over US$600-637 million wiped from long positions across crypto markets within 24 hours.

Macro pressure: recent hints at global interest-rate hikes (notably in Japan) are increasing investor caution and undermining risk assets like crypto.

Liquidity thinning: with weaker demand and shrinking liquidity, even modest sell-offs can trigger sharp price swings — making the market more fragile than usual.