Bitcoin tumbles to $88K, wiping out $500 million and shaking up crypto
Bitcoin took a sharp dive to $88,000 on December 5, just days after peeking above $90K.
This sudden drop triggered about $500 million in liquidations and knocked $80 billion off the entire crypto market's value.
The shockwave didn't stop with Bitcoin—major coins like Ethereum, XRP, and SOL also felt the hit as investor nerves kicked in.
Altcoins slide, traders take a hit, and fear rises
Ethereum slipped toward $3,000 after losing nearly 5%, while XRP dropped to $2.04.
Other favorites like SOL, DOGE, and ADA fell as much as 7%, with smaller tokens getting hit even harder.
Over 140,000 traders were liquidated—including one massive order worth $8.5 million—showing just how rough things got.
With the Fear & Greed Index down to 25 (that's deep in "fear" territory), it's clear the mood is tense right now—even though Bitcoin still holds its spot as crypto's anchor.