Market volatility weighed on the crypto sector as the total market cap fell to $2.91 trillion on December 18, down 2.4% from the prior day. Ethereum, Ripple, and Solana all hit multi-month lows, with Solana dropping to $123 and testing March 2024 support. Bitcoin remained stable near $87,000, hovering around $90,000 resistance. Volatility has eroded Solana’s value by half since its September peak. K33 Research noted that long-term Bitcoin holders have largely finished active selling, while institutional demand has outpaced mining output since November 2024.

As reported by Bijié Wǎng, the total cryptocurrency market cap fell to $2.91 trillion on December 18, a 2.4% drop from the previous day. Major coins like Ethereum, Ripple, and Solana hit multi-month lows, with a 4% decline in the past 24 hours. Bitcoin, however, remained near $87,000, fluctuating around the $90,000 resistance level. Solana dropped to $123, testing a key support area from March 2024, and has lost half its value since September’s peak. K33 Research noted that long-term Bitcoin holders have largely finished their active selling phase, and institutional demand for Bitcoin has outpaced mining output since November 2024.