The cryptocurrency market witnessed a sharp decline on December 1, with the top five digital assets posting deep losses amid rising macroeconomic fears and aggressive unwinding of leveraged positions. Bitcoin, Ethereum and other major tokens slipped sharply in early trade, extending the volatility that has defined the past month.
Top 5 Crypto Prices Today – December 1, 2025
Bitcoin (BTC)
Price: $86,440.40
24-hour change: –4.63%
Market cap: $1.72 trillion
24-hour volume: $52.4 billion
Bitcoin extended its decline to fall below $86,500 after sinking 4.3% earlier in Asia trading. The drop pushed BTC deeper into its monthly slump, with nearly 20% erased over the past 30 days.
Ethereum (ETH)
Price: $2,830.06
24-hour change: –5.07%
Market cap: $341.57 billion
24-hour volume: $18.02 billion
Ethereum slid below $2,900 for the first time in weeks, falling over 5% in a single day. ETH’s weakness comes amid broader selloffs triggered by leveraged liquidations.
Tether (USDT)
Price: $1.00
24-hour change: Stable
Market cap: $184.65 billion
24-hour volume: $82.19 billion
Tether remained stable at $1.00 as traders moved into dollar-pegged stablecoins amid heightened volatility across major crypto assets.
XRP
Price: $2.05
24-hour change: –6.55%
Market cap: $123.94 billion
24-hour volume: $3.15 billion
XRP dropped over 6%, one of the steepest declines among the top assets today, as broader market sentiment turned risk-off following macroeconomic concerns from Asia.
Binance Coin (BNB)
Price: $831.89
24-hour change: –4.71%
Market cap: $114.58 billion
24-hour volume: $1.91 billion
BNB mirrored the market trend with a nearly 5% drop, pressured by selling in large-cap altcoins as volatility surged.
December crypto crash: What’s driving the selloff?
The downturn comes as traders react to a combination of factors—leveraged wipeouts, macroeconomic uncertainty and fears of tighter monetary policy in key Asian markets. Bloomberg earlier reported that Bitcoin dropped as much as 4.3% while Ether slid 6% during early Asian hours.
Market volatility has spiked at the start of December, with Bitcoin long liquidations alone hitting $16 million in a day, adding to pressure from a broader unwind of leveraged trades.
30-day decline deepens
Across the top 5 coins, monthly losses have accelerated:
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Bitcoin: Nearly –20% over 30 days
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Ethereum: Around –18%
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XRP: More than –22%
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BNB: About –15%
The broader market’s correction follows concerns around bond yields in Japan, fears of a possible Bank of Japan rate hike, and high leverage in futures markets.
A volatile December begins
With Bitcoin now hovering near $86,000 and analysts warning that $80,000 is the next key support, traders are bracing for a volatile month ahead. While Tether holds stable, the remaining top digital assets continue to feel the pressure of a risk-off global environment.
