Red Hot Over the Weekend: Why Is Crypto Down Today (12/13/25)?

Jakarta, Pintu News – The crypto market is under pressure again after recording a brief rebound the day before. The global cryptocurrency market capitalization fell by more than 3% and now stands at around USD 3.04 trillion or around Rp50,580 trillion.

This weakness is in line with the risk-off sentiment in the global market which has also pressured risky assets. Nonetheless, Bitcoin’s (BTC) movement has been relatively more stable compared to most major altcoins.

Crypto market capitalization falls, global sentiment is the trigger

The crypto market’s decline this time did not occur in isolation, but rather followed the weakness in global financial markets. The Nasdaq index recorded a drop of about 1.5% while the S&P 500 lost about 1% in the last 24 hours. This reflects investors’ increasing caution towards risky assets, including cryptocurrencies.

In terms of value, the crypto market capitalization lost around USD 96 billion or equivalent to IDR 1,596 trillion from the previous daily peak. Currently, the area of USD 3.01 trillion or around IDR 50,080 trillion is a crucial short-term support level. As long as this level can be maintained, the opportunity for a technical rebound is still open although market sentiment remains fragile.

Read also: Crypto ETFs in the Spotlight: XRP, SOL, DOGE, LTC, and HBAR Potentially Rally

ETF pressure keeps Ethereum behind Bitcoin

Ethereum (ETH) is one of the major assets that has recorded deeper losses than Bitcoin. In the past 24 hours, the price of ETH fell by more than 5%, triggered by the outflow of funds from spot Ethereum ETFs. Notably, the Ethereum ETF experienced net outflows of USD 42.37 million on December 11 and USD 19.41 million on December 12, or a total equivalent of Rp1.026 trillion.

The pressure from these ETFs adds to the burden on Ethereum amid unfavorable market conditions. The outflow of funds indicates a wait-and-see attitude from institutional investors towards ETH’s short-term prospects. As a result, Ethereum lags behind Bitcoin, which is able to maintain a more stable price structure.

Bitcoin holds strong amid a shaky market

Bitcoin (BTC) is showing relative resilience amid a broad crypto market correction. In the past 24 hours, BTC has only corrected about 2% and is still holding above the psychological level of USD 90,000 or about Rp1.497 billion. This level has been tested repeatedly since December 7 and always triggers buying interest.

From a technical perspective, BTC’s persistence above USD 90,000 is a deterrent to greater selling pressure in the cryptocurrency market. If sentiment improves, Bitcoin has the potential to test resistance in the area of USD 94,600 or around Rp1.574 billion. However, if the USD 90,000 level is broken, the risk of a further decline towards USD 88,100 to USD 83,800 will increase.

Read also: EGRAG Crypto Analysis: XRP Price Predicted to be 621% Bullish from Current Price!

Altcoins weaken, Ethena in the spotlight

The crypto market weakness was most pronounced in the large-cap altcoin segment. Ethena (ENA) has been one of the worst performing assets, registering a decline of more than 6% in a day. On a monthly basis, the price of ENA has corrected by more than 20%, reflecting consistent selling pressure.

Currently, ENA is trading at around USD 0.248 or around IDR 4,126 and is approaching a crucial support area. If the price closes daily trading below USD 0.245, the potential for further decline towards USD 0.216 is increasingly open. The Bull-Bear Power indicator also shows stronger seller dominance, signaling the short-term rally is still at risk of being corrective.

Conclusion

Overall, today’s crypto market decline is due to a combination of global macro factors, ETF pressure, and a sell-off in altcoins. Bitcoin remains the main pillar of stability in the cryptocurrency market, while Ethereum and altcoins face more pressure. Investors are advised to keep a close eye on important support levels as well as macro and institutional developments. In such volatile conditions, risk management is key when investing in crypto.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Why Is The Crypto Market Down Today? Accessed December 13, 2025.
• Fetaured Image: Generated by AI