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Layer 2 Tokens Lead Broad Crypto Selloff as Bitcoin Tests $88K Support

Layer 2 Tokens Lead Broad Crypto Selloff as Bitcoin Tests $88K Support

Author:

Global Cryptocurrency

Published:

2025-12-15 05:18:02

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BTCCSquare news:

Crypto markets extended losses Tuesday, with Layer 2 protocols bearing the brunt of selling pressure. Celestia (TIA) and Mantle (MNT) dragged the sector down 3.59%, while Movement (MOVE) defied the trend with gains. Bitcoin briefly dipped below $88,000 before recovering to $89,000—a 1.36% decline that echoed across major assets.

Ethereum mirrored the retreat, testing $3,000 support before rebounding to $3,100. The pullback was indiscriminate: DeFi, Meme, and CeFi sectors bled alongside L2s, though select LAYER 1 and PayFi tokens showed relative resilience. Traders now watch whether the $88K BTC level holds as a psychological floor.

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