[LIVE] Crypto Market Update: Market Pullback Deepens: ETH Near $2.8K as Sector Indices Flash Steep Declines

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Follow up to the hour updates on what is happening in crypto today, December 18. 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 broadly declined over the past 24 hours, led by steep selloffs in Layer-2 tokens. Sector data from SoSoValue shows drops ranging between 2% and 7%, with Layer-2 names sliding 6.71%. Zora, Linea and Movement posted double-digit losses of 10.39%, 10.41% and 13.61% respectively. Bitcoin slipped 1.71% to below $87,000 and Ethereum fell 4.27% to roughly $2,800. Other sector moves included PayFi down 3.27%, DeFi down 5.65%, Meme tokens down 4.65% and Layer-1 down 3.78%. Meanwhile, sector index declines were led by ssiAI (-8.39%), ssiDePIN (-7.14%) and ssiLayer2 (-7.06%).

But what else is happening in crypto news today? Follow our up-to-date live coverage below.

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Bitcoin
BTC
$87,891
3.40 %

2M+

Active Monthly Users Around the World

250+

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8

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70

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2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors