Bitcoin, Ethereum and Dogecoin Plunge After Sudden $5K BTC Crash – Crypto News

The top crypto coins, Bitcoin, Ethereum and Dogecoin, opened December on a risky note after a sudden overnight sell-off erased billions from the market. Bitcoin plunged roughly $5,000, falling more than 4%, and the shock move triggered heavy liquidations across major altcoins. Ethereum dropped about 5%, while Dogecoin slid nearly 8% as the ripple effect intensified.

With no clear negative news behind the crash, traders are calling the move unusual, and the Top Crypto Prediction now depends on whether BTC, ETH and DOGE can hold their support levels and prevent a deeper breakdown.

Why Is Bitcoin Falling? BTC Crashes $5,000 in Hours With No Negative News

Bitcoin shocked markets Sunday night after plunging nearly $5,000 in three hours, triggering more than $700 million in liquidations and wiping out roughly $210 billion from the total crypto market cap. What alarmed traders most was the complete absence of a catalyst, no regulatory announcement, no macro shock, no geopolitical news and no Trump commentary.

Social feeds are currently flooded with confusion. As BTC slid sharply, liquidity disappeared from order books, deepening the drop. Bloomberg later confirmed Bitcoin briefly traded below $88,000, its weakest level in months, as Asia markets opened to a risk-off tone.

Analysts say the biggest issue is the lack of dip-buyers and weak ETF inflows. With investors cautious ahead of major U.S. economic data this week, volatility is likely to remain elevated.

Bitcoin Chart Analysis Today

BTC/USD daily chart shows Bitcoin trading around $86,583, attempting to hold support near $85,000 – $88,000, a zone that previously attracted buyers in April and August. The RSI is deepening toward oversold conditions, showing selling pressure may be fading, but momentum remains fragile.

If Bitcoin loses $85,000, the next major support appears near $80,000, a psychological floor and a level highlighted by institutional desks.
A recovery above $90,000 would be the first sign of strength and could attract fresh demand.

From where I stand, this level is one of those pivotal areas where Bitcoin either steadies quickly or risks sliding into a much deeper correction.

Ethereum Price Prediction: Is ETH Preparing for Another Drop?

Ethereum followed Bitcoin lower, falling more than 5% intraday as panic spread across crypto markets. ETH was already under pressure before the crash due to weak inflows and a lack of bullish catalysts. With Bitcoin leading the downturn, Ethereum was quick to extend its decline, slipping below the $2,900 region.

Sentiment is cautious as traders watch whether ETH can defend its mid-range supports or whether another sell-off opens the door toward lower levels.

Ethereum Chart Analysis Today

ETH/USD is trading at $2,833, sitting just above support at $2,800 – $2,850. This zone acted as a reaction point in September and November.

If ETH loses $2,800, the next supports appear near $2,500 – $2,600, where deeper liquidity sits.
To shift the bearish structure, bulls must reclaim $3,100 – $3,200, a resistance region marked by previous lower highs. Until then, momentum remains tilted downward.

From my perspective, ETH still has room to stabilise if the broader market avoids another shock, but buyers need to show up quickly or the chart could unravel faster than many expect.

Dogecoin Price Prediction: DOGE Breaks Key Supports as Sellers Tighten Grip

Dogecoin was hit even harder, falling nearly 8%, breaking multiple support levels as altcoins reacted aggressively to Bitcoin’s sudden drop. DOGE is now trading below its 100-day trend structure, signalling that bearish sentiment has taken control of the near-term outlook.

From my perspective, Dogecoin’s decline accelerated mainly because it moved in lockstep with BTC and ETH, and the thin weekend liquidity made the drop hit harder than usual.

Dogecoin Chart Analysis Today

DOGE/USD daily chart shows price hovering around $0.136, after breaking below $0.15 support, a level that previously acted as a base for mid-year rallies.
The chart shows a clear pattern of lower highs and lower lows, with momentum weak as DOGE continues to slide.
Immediate support lies at $0.12, while resistance sits around $0.15 and $0.17.
If DOGE fails to defend $0.12, the next downside zone appears near $0.10, a critical psychological level for traders.

Top Crypto Prediction Outlook: Volatility Remains High as Key Levels Are Tested

The sudden crash across Bitcoin, Ethereum and Dogecoin sets the tone for a turbulent start to December. With no clear external trigger, the move highlights how sensitive crypto markets remain to liquidity imbalances and leveraged positions.
For now, support levels are holding, but only barely. Whether BTC defends $85,000, ETH holds $2,800, and DOGE stabilises near $0.12 will define the Top Crypto Prediction narrative for the rest of the week.
If these floors give way, a deeper market correction could unfold. If buyers step in, the market may recover faster than expected.