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Reading: Crypto Markets Today: Cardano-based NIGHT crashes, ZEC, XMR also drop
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Market Analysis

Crypto Markets Today: Cardano-based NIGHT crashes, ZEC, XMR also drop

Last updated: December 23, 2025 6:20 pm
Published: 4 months ago
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A year-end analysis reveals that only 15% of crypto tokens launched in 2025 are trading above their initial valuations, with infrastructure and AI-linked tokens underperforming.

Crypto Markets Today will be on hiatus for a while starting Wednesday. We’ll be back Jan. 5 with your regular trading update and market analysis . Wishing you and yours a wonderful holiday season!

It’s yet another risk-off day in the crypto market, with Cardano-based Midnight Network’s governance token, NIGHT, sliding 22% in 24 hours, the worst performer among the top 100 tokens by market value.

While the reason for the sell-off is unclear, it is not the only one trading in the red. Non-serious token PUMP fell 13% and MNT, XMR and ZEC each dropped as much as 8%.

Bitcoin BTC$87,678.01, the largest cryptocurrency by market value, slipped back below $88,000 after failing to establish a foothold above the $90,000 resistance level on Monday.

Volatility could pick up later Tuesday following the release of the third quarter U.S. GDP, which is likely to show the economy remained strong in the three months to September.

Read more on CoinDesk

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