Crypto Market Shakeup: MYX, PUMP, LEO Lead 24-Hour Losses - What’s Next?
Three tokens just took a brutal hit in the last trading cycle. While the broader market churns, MYX, PUMP, and LEO are flashing red, reminding everyone that in crypto, gravity is a suggestion until it's not.
Decoding the Downturn
The numbers don't lie, and today they're telling a story of correction. These assets are underperforming the general market trend, a signal that often separates short-term volatility from deeper, project-specific tremors. It's the classic crypto dance—speculation meets reality, and sometimes reality wins the round.
Beyond the Red Candles
For the savvy watcher, a dip isn't just a loss; it's a data point. This kind of movement forces a hard look at fundamentals: development activity, community engagement, and real-world utility. Are these projects building, or just riding hype cycles? The market has a brutal way of answering that question, usually at the worst possible time for bag holders who bought the narrative, not the tech.
A cynical take? This is just another day in the decentralized casino, where 'fundamental analysis' sometimes means guessing which whale is about to sneeze. But for those with conviction, volatility is the price of admission for the greatest financial revolution in a generation. The trend is your friend, except at the end of a dive.
Major Crypto Events Today
Source: Forex Factory
24-Hour Crypto Market Update: Prices, Volume & Trends
The global cryptocurrency market today reached a capitalization of $2.96 trillion, reflecting a 1.1% fall over the last 24 hours. Total trading volume hits $145.7 billion.
Bitcoin (BTC) remains the largest crypto, commanding 57.5% dominance, while ethereum (ETH) holds 11.5%. Currently, 19130 cryptocurrencies are being tracked, with Polkadot and XRP Ledger ecosystems showing the strongest gains in the past day.
(Note: BTC and ETH are often viewed as less volatile historically, but still risky.)
Bitcoin (BTC) price today is trading at $85,469.9, down 0.49% in the last 24 hours, with a trading volume of $52.67 billion and a market cap of $1.7 trillion.
Ethereum (ETH) price today is $2824.72, rising 0.06% in 24 hours with a trading volume of $29.4 billion and a market cap of $340.9 billion.
(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)
AI Cyclone (CYC) sits at $0.0002269, up 5.63% with a trading volume (TV) of $45.57K.
Bitcoin (BTC) is at $85,292.32, down 0.83%, recording $52.67B in volume.
Yooldo Esports at $0.4061, slipping 0.73% with $1.04B in TV.
Ethereum (ETH) stands at $2,823.75, down 0.19%, supported by $29.41B in volume.
Hachiko (HACHI) at $0.003784, surging 80.33% with $1.07M in TV.
(Ranked by 24-hour percentage gain)
Bitcoin Cash (BCH) sits at $568.07, up 3.98%, with a strong $612.4 million in trading activity.
Zcash (ZEC) stands at $388.94, gaining 3.33%, backed by a higher $761.1 million trading activity.
Audiera (BEAT) is priced at $2.48, up 2.54%, recording a volume of $101.6 million in trading
(Ranked by 24-hour percentage loss)
MYX Finance (MYX) is at $2.83, down 15.16%, with a trading activity of $34.6 million.
Pump.fun (PUMP) is at $0.00183, dips 11.09%, and recorded a high trading volume of $135 million.
UNUS SED LEO (LEO) is at $6.70, drops 9.40%, with a trading volume of $5.56 million.
Stablecoins experienced a 0.3% decline over the past 24 hours, with a market capitalization of $313 billion and a trading volume of $113.6 billion.
The Decentralized Finance (DeFi) market has dipped 2.9% in the last 24 hours, reaching a market cap of $98.47 billion, while the total value locked (TVL) stands at $6.42 billion.
(TVL refers to the total crypto assets locked in DeFi protocols.)
Fear and Greed Index Today
Source: Alternative Me
Today’s Fear and Greed Index is 16 (Extreme Fear), slightly lower than yesterday’s 17, showing rising panic. Last week was at 29 (Fear), which means that there is a stiffer deterioration. Macro uncertainty, rate decisions, and poor inflation data heightened risk aversion to push investors into caution.
Latest Crypto Market News Today, 19 December
(Note: Each of these updates impacts traders by affecting liquidity, market sentiment, and potential returns, highlighting the need for careful monitoring.)
White House AI and crypto czar David Sacks said the CLARITY Act will reach Senate markup in January, with committee leaders confirming progress toward amendments and a full Senate vote.
JPMorgan's latest stance: stablecoin market may reach $500–$600 billion by 2028, not $1 trillion, as growth stays tied to crypto trading and faster payment velocity limits supply, overall outlook cautious
Bitcoin market volatility is rising as $23 billion in options NEAR expiry, pushing implied volatility to 45% while traders price in stronger downside risks.
ICE, owner of NYSE, is in talks to invest in crypto payments firm MoonPay in a funding round valuing it at $5 billion.
Polymarket restored operations after a Polygon network disruption. The team plans stability upgrades, while community members speculate that an in-house Layer 2 is now a priority.
Bitfinex declared zero Maker and taker fees on spot, margin, derivatives, securities, and OTC trading, which proves the policy to be permanent and has no expiry date.
Bank of England reduced rates to 3.75%. as anticipated, and US crypto policy, November CPI, and Core inflation fell below expectations, which relieved the global market and bolstered expectations of less stringent monetary policy.
Comparative Insight
Sentiment declined as compared to the level of fear in the previous week because volatility rose and macro uncertainty remained high. Bitcoin lost momentum, but Ethereum proved to be resilient, and some altcoins performed better than the rest of the cryptocurrency sphere.
What This Means for Crypto Users
The crypto users experience a risk-averse climate that is characterized by high volatility, regulatory trends, and diminishing sentiment. Temporary fluctuations in prices can become more pronounced, and risk management is necessary. It is essential to track macro signals, liquidity shifts, and network stability to be an informed participant.
This commentary is only informational and not long-term conditions. It does not indicate the direction of the price or indicate an action to be taken on the investment.
CoinGabbar’s Opinion
Based on the 24-hour update, investing remains high-risk but selectively beneficial. Extreme fear creates opportunities, yet volatility and macro uncertainty demand caution. Long-term investors should stay disciplined, while short-term traders must manage risk carefully and avoid emotional decisions.
Disclaimer: This is not financial advice. Do Your Own Research before investing. CoinGabbar is not liable for any financial loss. The crypto assets are risky, and you may lose all your investments. Not all regions can offer some of the services or assets discussed.
