Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Why is crypto falling? Bitcoin is plunging below the 87,000 mark, altcoins are attracting attention.
Bitcoin (BTC) continues to lose ground — on December 23, the price dropped below $87,000 with a daily loss of 3.6%. Chainthink data shows that the market is experiencing a wave of sell-offs, and investors are starting to look at alternative assets.
Why is the crash happening?
Weakening cryptocurrency sentiment is pushing capital out of the main asset. The broad market decline creates a domino effect — traders are not waiting for Bitcoin to bounce back, and prefer to lock in losses or switch to more volatile altcoins in hopes of quickly capitalizing on the position.
What is the market looking at?
Currently, attention has shifted to altcoins. Amid the fall of BTC, investors hope to find opportunities in less correlated assets. However, it’s important to remember — when the king of crypto falls, the entire market usually follows downward. The question is only how deep the correction will be and when the recovery will begin.
Current data indicates that this phase could last until market conditions stabilize.