Confused investors are asking why is crypto down Today after the price slipped further, this time a -0.5% slide overnight that has seen Bitcoin lose its $87,000 support level. It’s not just the BTC price that has plunged today; the entire market has lost around $100Bn in valuation overnight as the combined market cap has fallen dangerously close to $3 trillion and is at risk of falling below, once more.

While many believed last week’s US Federal Reserve rate cut would spark a crypto resurgence, the market has been in a downward trend since the announcement. Rate cuts appear bearish at present, as Bitcoin’s price also declined following the October rate-cut announcement.

The explanation appears to be that both cuts were already priced into the market and were solely responsible for keeping Bitcoin Bitcoin 0.41% Bitcoin Bitcoin BTC Price $64,162.46 0.41% /24h Volume in 24h $15.77B Price 7d Learn more above $100,000 for so long; now that both cuts have been announced, the market has no other catalysts to prop up prices.

Market Cap

Why is Crypto Down Today? US Fed Rate Cuts Over, and Now Japan is Raising Rates

Another reason crypto is down today is that, with US rate cuts already priced in, the Bank of Japan (BoJ) has confirmed that it will raise interest rates on December 19.

The Bank of Japan is preparing to increase interest rates for the first time in 11 months. Markets are pricing in a 95% probability that the central bank will raise its policy rate by 25 bps, to 0.75% when its two-day meeting concludes on Friday.

The move will push Japan’s interest rates to their highest level in over thirty years, following Governor Kazuo Ueda’s signal that a hike is coming after keeping rates at 0.5% since January 2025.

The BoJ paused rate increases earlier this year due to uncertainty around US tariffs and the need for more precise economic data. Inflation has remained persistent in Japan between August and October, providing policymakers with further reason to act.

American investors and borrowers are likely to be significantly affected by the BoJ rate hike, as higher Japanese interest rates may unwind the carry trade, in which investors borrow yen at low cost to invest in US Treasuries and other higher-yielding assets.

Fear and uncertainty about the global fallout from Japan raising its interest rates have sparked a sell-off across risk-on assets, with crypto hit the hardest, as evidenced by Bitcoin slipping below $87,000, prompting commentators such as Peter Brandt to claim $25,000 is on the way.

DISCOVER: Top 20 Crypto to Buy in July 2026 

Peter Brandt Calls for $25,000 BTC: Will 2026 See a Crypto Bear Market?

In a post on December 14, seasoned trader Peter Brandt shared a chart on X, indicating that he has identified $81,000 and $59,000 as short-term price targets for BTC. His comments have been causing fear and prompting selling among investors, with nearly 200,000 views and 250 reposts on the widely shared X post.

The post argues that, with each subsequent crypto bull market cycle, we observe exponential decay, suggesting that Bitcoin may no longer be the optimal R:R (risk-to-reward) play due to diminishing returns.

While every other digital asset outside of Bitcoin carries significantly higher risk, the big money play clearly doesn’t lie in the BTC trade anymore, with Brandt effectively echoing this.

With Bitcoin returns dwindling with every bull market cycle, keen investors are shifting capital away from Bitcoin and into blue-chip plays that haven’t achieved the 100,000%+ gains BTC has already delivered.

Market participants have seemingly identified Bitcoin Hyper (HYPER) as the top BTC beta play, given its ties to the leading digital asset as a Bitcoin Layer 2 protocol, which has raised $29.5M in its ICO to date.

Is Bitcoin Hyper the Top BTC Beta Play for 2026 as HYPER Closes in on $30M in ICO Funding

Crypto presales are a prudent strategy to weather the market storm as we head into 2026, as prices typically rise as they progress through the funding stagesBitcoin Hyper (HYPER) represents the best of what’s currently on offer.

This claim is supported by HYPER having raised $29.5M in ICO funding, as traders flock to this Bitcoin Layer-2, seemingly following the advice of Peter Brandt, seeking real value in the market as BTC returns continually diminish with each passing bull market cycle.

HYPER is a Bitcoin Layer-2 protocol that offers significant utility and is currently in the ICO phase, thereby shielding it from the effects of current market volatility. Only six hours remain until the presale moves onto its next price stage, locking in profits for any investor who gets in before the timer runs out.

This protocol leverages the Solana Virtual Machine (SVM) to provide breakneck transaction speeds and low fees. At the same time, all operations run on Bitcoin’s core layer, ensuring stability and security.

Although HYPER is branded as a meme coin, the team behind it is dedicated to creating a comprehensive ecosystem of products for the Bitcoin mainnet. This ecosystem will encompass a range of offerings, including DeFi, GameFi, and NFTs.

Head to the Bitcoin Hyper website to follow the whales and join the presale. You can purchase using ETH, USDT, BNB, or even a credit card.

While most investors are living in fear and asking ‘why is crypto down today’ every single day, smart traders are moving funds into blue-chip ICO opportunities such as Bitcoin Hyper, waiting for the storm to pass and green days to return.

For the latest updates on all things HYPER, join the community on Telegram and X. Time is ticking to secure one of the next cryptos to explode at presale prices before it hits major exchanges sometime in 2026.

Visit HYPER Here

DISCOVER: Best Meme Coin ICOs to Invest in 2026

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Alex Ioannou
Alex Ioannou
On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More

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