Market Report: Top 5 Cryptocurrency Declines on December 16, 2025, with the Largest Drop by Aster

Gate.io News Bot Message, December 16, 2025. According to CoinMarketCap market data, the overall cryptocurrency market has experienced a correction, with several major coins pulling back. The following are the top five performers by decline over the past 24 hours:

1️⃣ ASTER (Aster) 📉 Current price: $0.806 | Decline: -14.77% 📊 24H high/low: $0.94 / $0.78 | Market cap: $1,949,660,828.58 ⚠️ Reason for decline: ASTER has been under continuous pressure since launch, dropping about 70% from its high of $1.50. Bull traders have been forced to liquidate under technical pressure. Technical analysis shows a reverse V-shaped top formation, with the price remaining below multiple moving averages, confirming the continuation of the downtrend. Although there is support from whale accumulation, market selling pressure remains strong.

2️⃣ NIGHT (Midnight) 📉 Current price: $0.59 | Decline: -12.38% 📊 24H high/low: $0.69 / $0.57 | Market cap: $996,038,761.49 ⚠️ Reason for decline: As a rising star in the privacy coin sector, NIGHT experienced extreme volatility after launch. Despite a 200% surge on the first day, profit-taking pressure followed, coupled with a seasonal cooling of market interest in privacy coins, leading to the current correction. While the privacy narrative has support, more practical applications are needed for sustained growth.

3️⃣ ONDO (Ondo) 📉 Current price: $0.404 | Decline: -10.90% 📊 24H high/low: $0.45 / $0.402 | Market cap: $1,277,188,410.27 ⚠️ Reason for decline: Although the SEC is advancing proposals for Nasdaq tokenized securities trading, bringing policy benefits to the RWA sector, ONDO has not fully resisted downward pressure amid the overall market correction. Short-term profit-taking has appeared, and practical application deployment still requires time for validation.

4️⃣ ENA (Ethena) 📉 Current price: $0.21 | Decline: -10.08% 📊 24H high/low: $0.23 / $0.21 | Market cap: $1,659,425,730.11 ⚠️ Reason for decline: Ethena launched the HyENA perpetual contract platform. Although the new product offers a USDe margin with an annualized yield of 12%, the overall market correction has led ENA to follow suit. Ecosystem expansion needs time to generate positive effects.

5️⃣ TIA (Celestia) 📉 Current price: $0.5002 | Decline: -10.06% 📊 24H high/low: $0.55 / $0.49 | Market cap: $427,535,740.98 ⚠️ Reason for decline: As a representative project of modular blockchain technology, TIA experienced a technical pullback under the overall market correction. Lack of new positive catalysts in the short term and decreased risk appetite led to phased capital flight for risk aversion.

📉 Market Summary The current market correction is moderate, with the top five declining assets falling within the -10% to -15% range. The correction shows signs of differentiation: Aster’s technical pressure is significant, with increased bull liquidation; Midnight, a new coin, has experienced excessive volatility before pulling back; RWA and privacy coins, despite policy and ecosystem support, are mainly driven by short-term profit-taking. Overall, the market is shifting from a high risk appetite phase to a cautious stage, with some speculative funds exiting. Investors should be alert to potential technical breakdowns and monitor key support levels.

⚠️ Risk Warning: Cryptocurrency markets are highly volatile. The above information is for reference only and does not constitute investment advice. Investors should fully understand market risks, operate cautiously according to their risk tolerance, and avoid blindly chasing gains or panic selling.