The crypto market saw a broad correction today, with Bitcoin slipping below $88,000 and altcoins like Audiera and WIF posting sharp losses. Ethereum hovered near $3,000 after a 1.5% drop, while the NFT sector led declines with over 9% losses across top collections. The crypto market plunged $58 billion today. The total market cap is down to $2.91 trillion. BTC dragged altcoins like Midnight (NIGHT) down by a whopping 28% in the last 24 hours.
Despite everything, VanEck, issued a rather optimistic forecast for 2026. But 2025 was not all bad. According to a Financial Times report, a record $8.6 billion worth of crypto deals were struck in 2025. PitchBook data suggests that 267 crypto deals were struck this year. This marks an 18% rise compared to 2024. “It’s been the busiest year for us in crypto deals by a mile,” said Charles Kerrigan, partner at law firm CMS. Furthermore, in 2026 the number of crypto deals are expected to go up.
“Traditional financial players realise this asset class is here to stay,” said Diego Ballon Ossio, partner at Clifford Chance. “And they need to get their business into that so they just need to acquire.”
Explore: Bitcoin Pattern Suggests 2026 Is Likely “A Consolidation Year,” Says VanEck 2026 Predictions Report
Read original story Crypto News Today: Latest Updates for 24 Dec 2025, Bitcoin Slips Below $88k, Drags Altcoins Down by Akriti Seth at 99bitcoins.com
