Crypto Sector Lit Up Bright Red as Bitcoin Slips Back to $90K

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto Sector Lit Up Bright Red as Bitcoin Slips Back to $90K Softer than expected private inflation data did spark some hope that the Friday decline could reverse. By Krisztian Sandor , James Van Straten | Edited by Stephen Alpher Dec 5, 2025, 3:10 p.m. Bitcoin price on Dec. 5 (CoinDesk) What to know : Bitcoin's overnight decline sped up in early U.S. trading hours, pushing the price back to $90,000. Crypto-related equities are also down sharply. Pleasing inflation data could spark a reversal in sentiment. Not waiting until what's become its customary plunge time of Sunday evening, bitcoin BTC $ 92,317.88 is getting an early start to the weekend this holiday season, continuing an overnight tumble and slipping below $90,000 in early U.S. trading hours. The move reverses much of the bounce from last Sunday night's panicky drop that pushed bitcoin all the way back to $84,000. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Ethereum's ether ETH $ 3,104.69 is 2% lower in concert with BTC, while other leading altcoins such as Solana SOL $ 134.66 , ADA $ 0.4240 , DOGE $ 0.1421 and HYPE $ 31.18 are down more than 4% each. The action could reinforce prior analyst forecasts that instead of a rapid rebound there's more consolidation is ahead towards the year-end for the crypto market. Crypto-related equities as a result are sharply lower across the board, with Strategy (MSTR), Galaxy Digital (GLXY), CleanSpark (CLSK), and American Bitcoin (ABTC) among those sporting declines of 4%-7%. According to Velo data , the most bearish time of day over the past six months has been the hour before the US market opens and the first hour of US trading. Friday has also been the most consistently bearish day of the week across the same time period. 6m Average Return by hour (Velo) Anecdotal inflation data sparks hope University of Michigan Consumer Sentiment numbers released at 10 am ET might lighten the bearish mood for the remainder of the day. Though very much anecdotal and tended to be swayed by which political party respondents favor, the December 1-Year Consumer Inflation Expectation fell to 4.1% from 4.5% previously and 4.5% expected. The 5-Year Consumer Inflation Expectation fell to 3.2% from 3.4% previously and 3.4% expected. With the dearth of official economic data of late, these private surveys have taken on a new level of significance and bitcoin did managed a modest bump back to the $91,000 area in the minutes following the report. Market Wrap Bitcoin News More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You STRF Emerges as Strategy’s Standout Credit Instrument After Nine Months of Trading By James Van Straten | Edited by Stephen Alpher 1 hour ago The company's senior preferred stock has rebounded 20% from November lows, with investors apparently favoring that over the more junior issues. What to know : The credit spread between senior STRF and junior STRD hit a record 1.5 in late November, signaling strong investor preference for senior exposure before normalizing to a 1.3 spread. STRF’s premium price reflects strong demand for senior protections even as its effective yield, at 9.03%, is now the lowest among Strategy’s preferred offerings. Strategy’s stock has recovered from its December low of $155 to about $185, reinforcing improving sentiment across the company’s capital structure. 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