Bitcoin surged past $100,000 before experiencing another sharp decline.
Bitcoin Tumbles Again
On Monday, major European and U.S. stock markets mostly closed lower:
- Dow Jones fell 0.54%
- S&P 500 dropped 0.61%
- Nasdaq declined 0.62%
Notable stock movements:
- Apple rose over 1%
- Microsoft gained 0.55%
- Google climbed 0.49%
- Tesla edged up 0.15%
- Meta (Facebook) slid more than 1%
- NVIDIA plunged over 2%
Meanwhile, Bitcoin abruptly crashed after briefly surpassing $100,000. Currently trading around **$97,400, it earlier dipped below $95,000, marking a 24-hour drop exceeding 3.7%**.
The sell-off wasn’t isolated—Ethereum and other altcoins also nosedived, with Ethereum briefly losing 10%.
This extreme volatility triggered massive liquidations. According to Coinglass, nearly 570,000 cryptocurrency positions were liquidated in the past 24 hours.
Chinese Assets Rally
In contrast, Chinese stocks soared:
- Nasdaq Golden Dragon China Index surged 8.45%
Popular Chinese stocks:
- Fangdd skyrocketed 52%
- Tiger Brokers jumped 26%
- Bilibili gained 21%
- Futu Holdings rose 17%
- Pony.ai climbed 15%
- Full Truck Alliance advanced 14%
Offshore markets mirrored the rally:
- Hang Seng Index futures rose 7.66%
- Offshore CNY/USD appreciated 0.29% (~200 pips)
- FTSE China A50 futures leapt 5.77%, hitting a two-month high
👉 Why are Chinese assets outperforming?
Key Drivers
A Politburo meeting on December 9 outlined 2025 economic priorities, emphasizing:
- Stabilizing real estate and stock markets
- Mitigating systemic risks and external shocks
- Expansive fiscal policies and accommodative monetary policies
- Boosting domestic demand through consumption stimulus and efficient investments
FAQ
Q: Why did Bitcoin crash after hitting $100,000?
A: Profit-taking by investors and broader market volatility contributed to the pullback.
Q: How does cryptocurrency volatility affect traders?
A: Sharp price swings often force leveraged positions to liquidate, amplifying losses.
Q: What’s driving the surge in Chinese stocks?
A: Policy support for markets and economic recovery signals boosted investor confidence.
👉 Learn how to hedge against crypto volatility
Disclaimer: This content is for informational purposes only and does not constitute financial advice.