Crypto Market Faces Another Overnight Plunge, Bitcoin Dips Below $85,000, Total Crypto Market Cap Drops Below $3 Trillion

BlockBeats News, December 19, the overnight crypto market suffered another heavy blow. According to HTX market data, Bitcoin fell below $85,000, reaching a low of $84,450 and is currently trading at $85,382, with a 24-hour decrease of 0.68%. Ethereum briefly dropped below $2,800, now priced at $2,825, with a 24-hour decrease of 0.02%. SOL dropped below $120, with a 2.81% decrease in the last 24 hours. The total market capitalization of cryptocurrencies fell below the $3 trillion mark, now at $2.96 trillion, with a 24-hour decrease of 1.1%. Some altcoins led the decline, including:

PUMP is currently priced at $0.00186, with a 24-hour decrease of 11.41%;

GIGGLE is currently priced at $0.00186, with a 24-hour decrease of 11.41%;

AXL is currently priced at $0.086, with a 24-hour decrease of 9.3%;

DOLO is currently priced at $0.034, with a 24-hour decrease of 8.7%;

VELODROME is currently priced at $0.0197, with a 24-hour decrease of 8.8%.

In the U.S. stock market, the three major indexes collectively closed higher, with the Dow up 0.14%, the S&P 500 up 0.79%, and the Nasdaq Composite up 1.38%. Nvidia rose nearly 2%, Tesla surged over 3%. Trump Media & Technology Group soared 41.9% after yesterday's market news that Trump Media & Technology Group (DJT.O) will merge with TAE TECHNOLOGIES in an all-stock transaction, expected to be completed in mid-2026. The merged company is expected to select a site in 2026 and begin construction of the first commercial-scale nuclear fusion power plant.

U.S. crypto-related stocks showed mixed performance, with the Ethereum Digital Treasury (DAT) companies experiencing a general decline, among them:

Strategy (MSTR) down 1.33%;

Circle (CRCL) up 2.38%;

Coinbase (COIN) down 2.04%;

MARA Holdings (MARA) down 2.4%;

Riot Platforms (RIOT) up 3.24%;

BitMine Immersion (BMNR) down 3%;

SharpLink Gaming (SBET) down 2.7%.