ETH, SOL, ADA slump as bitcoin weakness lingers despite record stocks jump

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email ETH, SOL, ADA slump as bitcoin weakness lingers despite record stocks jump Investors are showing increased risk aversion, with significant outflows from crypto investment products last week. By Shaurya Malwa Updated Dec 24, 2025, 6:12 a.m. Published Dec 24, 2025, 6:11 a.m. (CoinDesk) What to know : Bitcoin and major cryptocurrencies declined as the total crypto market value fell 1.4% to $2.97 trillion. Global stocks reached new highs, with MSCI’s All Country World Index rising for a fifth consecutive session. Investors are showing increased risk aversion, with significant outflows from crypto investment products last week. Bitcoin and major tokens slipped Wednesday as the total crypto market value fell 1.4% to $2.97 trillion, dropping back below the $3 trillion level after another failed attempt to sustain a rebound. Bitcoin traded around $86,900, failing to sustain a break above $90,000 for the third time in as many days, while ether slid 1.5% to roughly $2,927. XRP, solana and dogecoin posted larger losses, with solana down nearly 3% and XRP off almost 2%. 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 . The pullback came even as some stock indexes rallied to fresh records, reinforcing the sense that capital is leaning toward safety rather than high beta bets. Global stocks hit another record as traders leaned into a strong US growth read that reinforced the case for firmer corporate earnings. MSCI’s All Country World Index rose for a fifth straight session on Wednesday, lifting its year-to-date gain to 21%. Asian equities added 0.2%, led by technology shares after the S&P 500 closed at an all-time high on Tuesday. Volumes were light ahead of the Christmas holiday, and futures pointed to a muted open in Europe. Alex Kuptsikevich, chief market analyst at FxPro, said the market is showing signs of heavier seller control, with repeated rebounds failing to carry through. “The market was unable to repeat the robust rebound from the local bottom, indicating increased pressure from sellers,” Kuptsikevich said in an email. He added that as crypto stays far from recent highs, larger players increasingly behave as if the market is shifting into a bear phase, preferring measured selling rather than sharp retail driven moves. Kuptsikevich also pointed to the broader risk backdrop. Bitcoin was sold again after briefly pushing above $90,000 earlier this week, despite a decisive rally in gold and other precious metals and a weakening dollar. That combination, he said, suggests investors are reassessing risk appetite and that the risk off move may spread further. “In the coming weeks, we can expect an even more pronounced decline in cryptocurrencies, as well as the spread of risk aversion to stocks and currencies of developing countries,” he said. Flows data also shows investors stepping back. CoinShares said global investment products saw $952 million in outflows last week, ending a three week streak of inflows. Bitcoin products saw $460 million in outflows, while ethereum funds shed $555 million. XRP and Solana funds were the exceptions, with inflows of $63 million and $49 million, respectively. More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026. View Full Report More For You Dogecoin loses $0.13 floor as derivatives positioning signals bigger swings ahead By Shaurya Malwa , CD Analytics 58 minutes ago The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines. What to know : Dogecoin fell below the $0.13 level amid heavy spot selling and increased derivatives activity, indicating traders expect more volatility. Futures volume for Dogecoin surged 53,000% to $260 million, reflecting rising volatility expectations despite a weakening spot price. The $0.13 level is crucial; if Dogecoin can reclaim it, a short-covering bounce is possible, but failure may lead to further declines. 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