Bitcoin's bearish turn deepens as 75 out of top 100 coins trade below key averages; Nasdaq resilient

Bitcoin's bearish turn is intensifying, with a notable 75 out of the top 100 cryptocurrencies trading below their crucial moving averages, indicating a widespread decline in market sentiment. Despite this downturn in the cryptocurrency sector, the Nasdaq index shows signs of resilience, maintaining a steady performance in the face of these challenges in the digital asset market. This divergence highlights the contrasting trends between traditional tech stocks and the current state of cryptocurrencies, suggesting differing investor confidence levels across these markets. source: https://www.coindesk.com/markets/2025/12/16/crypto-bear-grip-tightens-as-75-of-top-100-coins-trade-below-key-averages-vs-just-29-nasdaq-stocks