Bitcoin drops to $88,000, major altcoins also weaken together

2025-12-15 01:22:39

Source: DecenterKorea Original Title: Bitcoin at $88,000… Major Altcoins Also Downtrend [Decenter Market] Original Link:

Market Overview

Bitcoin(BTC) has fallen to the $88,000 level. The decline is influenced by cautious investor sentiment ahead of major macroeconomic events.

As of the 15th, at 8 a.m. according to global cryptocurrency market data, BTC was trading at $82,417.18, down 1.41% from 24 hours earlier. Major altcoins also showed a similar weakness:

Ethereum(ETH): down 1.41% to $3,046.57
XRP(XRP): down 1.58% to $1.987
Binance Coin(BNB): down 1.98% to $877.18
Solana(SOL): down 2.03% to $129.89

The domestic market is showing a similar trend. At the same time, BTC on domestic exchanges declined 0.64% from the previous day to 133,223,000 KRW. ETH is trading at 4,607,000 KRW, down 0.19%, and XRP has slightly increased by 0.03% to 2,983 KRW.

Reasons for Weakness

Market analysts suggest that position adjustments are ongoing ahead of the scheduled major macroeconomic indicators this week. In the U.S., November employment data will be released on the 16th, and the November Consumer Price Index(CPI) is scheduled for the 18th. Depending on the results, expectations regarding the baseline interest rate may be readjusted, which could impact the cryptocurrency market.

Overseas central bank policies are also considered variables. Ahead of the Bank of Japan(BOJ) monetary policy meeting, discussions about possible rate hikes are underway, raising concerns about a reduction in yen carry trades. Yen carry trades involve borrowing Japanese yen at ultra-low interest rates and investing in higher-yield assets such as dollars, stocks, or cryptocurrencies. If Japan raises interest rates, borrowing costs and exchange losses could increase, leading to a potential withdrawal of carry trade funds. This could increase overall volatility in global risk assets.

Market Sentiment

Cryptocurrency investment sentiment remains in an ‘extreme fear’ state. The fear and greed index from a data analytics firm indicates a level of 21 points, reflecting considerable investor apprehension.

BTC-0,74%

ETH0,04%

XRP-2,66%

BNB0,46%

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