[LIVE] Crypto News Today: Latest Updates for Dec. 05, 2025 – Bitcoin Trades Below $93K as PayFi and DeFi Lead Market Declines

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Follow up to the hour updates on what is happening in crypto today, December 05. Market movements, crypto news, and more!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Crypto markets saw a broad-based pullback after several days of steady gains, with the PayFi sector leading losses at nearly 4%. XRP slid 4.37%, while Bitcoin dipped 1.06% to fall back below $93,000 and Ethereum dropped under $3,200. Despite the overall downturn, a few tokens outperformed: Dash and Ultima climbed over 3% and 5%, respectively; Zcash spiked 10% in the Layer 1 sector; and Merlin Chain surged nearly 10% intraday. Other major sectors, including CeFi, Layer 2, Meme, and DeFi, posted declines, though pockets of strength emerged with OKB, Fartcoin, and MYX Finance recording notable gains. Sector indices reflected the broader cooling, with CeFi, Layer 1, and DeFi indices slipping between 2% and 4.4%.

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