The hot coins of the day, including $BNB ,$BTC , and $ETH , are showing significant losses, with declines between 5% and over 15% in the last 24 hours. Major cryptocurrencies like BTC have dropped to $99,431.23, a sharp -5.84%, while ETH is down -7.17%, trading at $3,593.39. BNB is not far behind, falling -5.76% to $675.48. Even meme coins such as $DOGE and $PEPE have taken hits of -12.28% and -18.53%, respectively, signaling a broader market downturn.
These declines are reflective of intensified bearish sentiment, possibly driven by macroeconomic uncertainties, regulatory fears, or reduced trading volume during the holiday season. The sharp drops are pushing traders to evaluate critical support levels for potential rebounds, but the persistent pressure suggests caution. Despite the downturn, some outliers like $USUAL have gained momentum with a +15.14% surge, showcasing the potential for selective bullish opportunities amidst a bearish market. For traders, managing risk and keeping an eye on the market's reaction at critical support levels will be key in the coming days.