The crypto market suffered another sharp drop overnight, with bitcoin falling below $85,000 and the total crypto market capitalization losing the $3 trillion mark.

BlockBeats News, December 19, the crypto market suffered another sharp drop overnight. According to data from a certain exchange, bitcoin fell below $85,000, reaching a low of $84,450, and is now quoted at $85,382, down 0.68% in 24 hours. Ethereum briefly fell below $2,800, now quoted at $2,825, down 0.02% in 24 hours. SOL fell below $120, down 2.81% in 24 hours. The total market capitalization of cryptocurrencies fell below the $3 trillion mark, now reported at $296 million, down 1.1% in 24 hours. Some altcoins led the decline, including:

PUMP is now quoted at $0.00186, down 11.41% in 24 hours;

GIGGLE is now quoted at $0.00186, down 11.41% in 24 hours;

AXL is now quoted at $0.086, down 9.3% in 24 hours;

DOLO is now quoted at $0.034, down 8.7% in 24 hours;

VELODROME is now quoted at $0.0197, down 8.8% in 24 hours.

In the US stock market, the three major indices all closed higher. The Dow Jones closed up 0.14%, the S&P 500 rose 0.79%, and the Nasdaq Composite Index rose 1.38%. Nvidia rose nearly 2%, and Tesla rose more than 3%. Trump Media & Technology Group surged 41.9%. According to market news yesterday, Trump Media & Technology Group (DJT.O) will merge with TAE TECHNOLOGIES in an all-stock transaction, expected to be completed by mid-2026. After the merger, the company is expected to select a site and begin construction of its first utility-scale nuclear fusion power plant in 2026.

US crypto concept stocks saw mixed performance. Ethereum crypto treasury (DAT) companies mostly fell, including:

Strategy (MSTR) fell 1.33%;

Circle (CRCL) rose 2.38%;

A certain exchange (COIN) fell 2.04%;

MARA Holdings (MARA) fell 2.4%;

Riot Platforms (RIOT) rose 3.24%;

BitMine Immersion (BMNR) fell 3%;

SharpLink Gaming (SBET) fell 2.7%.