Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Bitcoin tumbles back below $88,000 as gains Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Bitcoin tumbles back below $88,000 as gains

Bitcoin tumbles back below $88,000 as gains evaporate as quickly as they formed

5 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Bitcoin tumbles back below $88,000 as gains evaporate as quickly as they formed

By Krisztian Sandor|Edited by Stephen Alpher
Updated Dec 17, 2025, 4:21 p.m. Published Dec 17, 2025, 4:11 p.m.
Bitcoin (BTC) price (CoinDesk)

What to know:

  • Wednesday's early U.S. rally in crypto suffered a near-instant reversal, sending bitcoin back to the $87,000 area minutes after it had jumped above $90,000.
  • Artificial intelligence favorites Nvidia, Broadcom, and Oracle were sharply lower, dragging the Nasdaq down by more than 1%.

Crypto markets suffered major whipsaw action in morning U.S. trade, with bitcoin BTC$86,621.38 in the space of a few minutes rallying from around $87,000 to above $90,000 and then back to the $87,000 area.

The largest crypto was recently trading at $87,300, down by 0.5% over the past 24 hours after being higher by more than 3% minutes earlier.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

The quick decline happened alongside sharp losses for artificial intelligence-related stocks, with Nvidia, Broadcom and Oracle suffering 3%-6% drops. The tech-centric Nasdaq was lower by more than 1%.

Helping to deflate AI sentiment, Blue Owl Capital was reported to have pulled out of funding a $10 billion deal for an Oracle data center in Michigan.

The sudden price swings triggered over $190 million in liquidations across crypto derivatives markets in the past four hours, CoinGlass data shows. The volatile action hit $72 million in long positions, seeking to profit from rising prices, and $121 million in shorts, betting on a decline.

Shrinking liquidity at the margin is the main culprit behind bitcoin's directionless trading, making it vulnerable to any outside pressure, Hunter Rogers, co-founder of the bitcoin yield protocol TeraHash, said in a note.

"I think we’re now seeing an exhausted market," he said. "In that environment, even mild selling activity pushes the market lower."

He added that BTC needs to hold the $80,000-$85,000 area as support, which could decide if fresh lows or a more sustainable rebound come next.

Bitcoin NewsBreaking News

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

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

Robinhood looks better placed than Coinbase for prediction-market upside, Mizuho says

Robinhood stands to gain more from prediction markets than Coinbase as users plan to deploy fresh capital rather than sell existing crypto, the bank said.

What to know:

  • Robinhood and Coinbase users are about nine times more likely to use prediction markets than non-users, Mizuho found.
  • About 50% of Robinhood users plan to invest new money in prediction markets, while 37% of Coinbase users expect to sell cryptocurrency to fund their activity, according to the report.
  • The bank raised its Robinhood 2026–2027 revenue estimates and kept its $172 price target, while trimming Coinbase’s target to $280.
Read full story
Latest Crypto News

Crypto industry insiders meet with key senators on market structure bill negotiation

The Protocol: Bug that can drain all your tokens impacting 'thousands' of sites

Robinhood looks better placed than Coinbase for prediction-market upside, Mizuho says

Macquarie sees U.S. Senate near crypto deal as market structure, GENIUS rules advance

Bitcoin shorts scramble for the exits as BTC climbs

Hut 8 and Coinbase outperform as Crypto stocks jump on bitcoin's sudden rally

Top Stories

Wall Street giant DTCC Picks privacy focused blockchain Canton Network for tokenization

Crypto industry insiders meet with key senators on market structure bill negotiation

Memecoin boom turns into capitulation one year after $150 billion market peak

Don't call it QE — the Fed's $40 billion bill buys may not shake crypto out of slump

Bitcoin trades near key price safety net that Strategy already breached

ETFs bleed, keeping bitcoin in stasis: Crypto Daybook Americas

Market Opportunity
GAINS Logo
GAINS Price(GAINS)
$0.00846
$0.00846$0.00846
-3.20%
USD
GAINS (GAINS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
VectorUSA Achieves Fortinet’s Engage Preferred Services Partner Designation

VectorUSA Achieves Fortinet’s Engage Preferred Services Partner Designation

TORRANCE, Calif., Feb. 3, 2026 /PRNewswire/ — VectorUSA, a trusted technology solutions provider, specializes in delivering integrated IT, security, and infrastructure
Share
AI Journal2026/02/05 00:02
Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

The post Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Forward Industries, the largest publicly traded Solana treasury company, has filed a $4 billion at-the-market (ATM) equity offering program with the U.S. SEC  to raise more capital for additional SOL accumulation. Forward Strategies Doubles Down On Solana Strategy In a Wednesday press release, Forward Industries revealed that the 4 billion ATM equity offering program will allow the company to issue and sell common stock via Cantor Fitzgerald under a sales agreement dated Sept. 16, 2025. Forward said proceeds will go toward “general corporate purposes,” including the pursuit of its Solana balance sheet and purchases of income-generating assets. The sales of the shares are covered by an automatic shelf registration statement filed with the US Securities and Exchange Commission that is already effective – meaning the shares will be tradable once they’re sold. An automatic shelf registration allows certain publicly listed companies to raise capital with flexibility swiftly.  Kyle Samani, Forward’s chairman, astutely described the ATM offering as “a flexible and efficient mechanism” to raise and deploy capital for the company’s Solana strategy and bolster its balance sheet.  Advertisement &nbsp Though the maximum amount is listed as $4 billion, the firm indicated that sales may or may not occur depending on existing market conditions. “The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said. Forward Industries kicked off its Solana treasury strategy on Sept. 8. The Wednesday S-3 form follows Forward’s $1.65 billion private investment in public equity that closed last week, led by crypto heavyweights like Galaxy Digital, Jump Crypto, and Multicoin Capital. The company started deploying that capital this week, announcing it snatched up 6.8 million SOL for approximately $1.58 billion at an average price of $232…
Share
BitcoinEthereumNews2025/09/18 03:42