On December 7, the cryptocurrency market continued its volatile trend, with the global cryptocurrency total market value reported at $3.13 trillion, a slight increase of 1.0% in 24 hours. However, core assets have shown differentiated performance, and market sentiment has become more complex under the intertwining of leveraged liquidation, institutional movements, and regulatory signals. Bitcoin, as a market barometer, continues to hover around $89,000, failing to reclaim the critical psychological level of $90,000, while some small and medium cryptocurrencies have exhibited extreme market behavior, highlighting the current structural differentiation in the market. In terms of core assets, Bitcoin's latest price is $89,619.25, with a 24-hour increase of 1.8%. Although it has rebounded from the previous day's low, it is still nearly 30% lower than the historical high of $126,251 at the beginning of October. Ethereum (ETH) has shown relatively strong performance, priced at $3,034.06 with a 24-hour increase of 3.1%, making it one of the few leading assets among mainstream cryptocurrencies. In contrast, other major cryptocurrencies such as XRP have risen by 3.2% to $2.02, Solana (SOL) has slightly increased by 2.7% to $132.56, while Dogecoin (DOGE) and Cardano (ADA) have maintained slight fluctuations, overall lacking a clear directional breakout. It is worth noting that stablecoins have shown steady performance, with Tether (USDT) and USD Coin (USDC) closely pegged to the $1 anchor price, with 24-hour fluctuations approaching zero, making them important destinations for market risk-averse funds.
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