Bitcoin hat nach anhaltenden Hashrate-Einbrüchen oft einen Anstieg verzeichnet. Dieser Trend würde vielen Bitcoin-Minern, die bei den aktuellen Kursen zu kämpfen haben, eine dringend benötigte Erleichterung verschaffen.
NIGHT token plummets 25% as profit taking hits Midnight
- Midnight token’s price dump in the past 24 hours comes days after hitting an all-time high of $1.81.
- NIGHT token’s dip mirrors top privacy coins, including Zcash, Monero and Dash
- Midnight is a privacy-first blockchain that recently landed on top exchanges.
As the cryptocurrency market experienced renewed volatility on December 23, 2025, Midnight (NGHT) joined several altcoins in plummeting more than 20%.
Meanwhile, the privacy coins sector faced significant downside action as Zcash, Monero and Dash all flipped red.
NIGHT token, native to the Midnight blockchain, dropped sharply amid widespread profit-taking.
Midnight slumps 25% to lead altcoin losers
The Midnight network’s native token, NIGHT, suffered a steep 25% decline in the past 24 hours.
Data on CoinMarketCap ranks it as one of the top losers among the top 100 coins by market cap.
Notably, this sharp correction comes just weeks after the token’s highly anticipated launch.
On December 9, 2025, the token’s price quickly surged to an all-time high of $1.81.
However, its price has since seen a sharp descent, and during Tuesday’s session, NIGHT recorded an intraday low of $0.075.
The downturn has erased a substantial portion of the gains accumulated since the token generation event.
Sell-off was accompanied by $1.58 billion in daily volume, the metric seeing an 81% decrease in 24 hours.
Contributing to the pressure on altcoins is a pullback in Bitcoin.
After rallying to $90k on Monday, BTC retreated to below $87,700.
Stocks also pulled lower, and in crypto, a cascade of liquidations and reduced risk appetite hindered bulls.
Profit-taking on NIGHT may accelerate with further crypto market uncertainty.
NIGHT token mirrors top privacy coins
As noted above, NIGHT’s recent performance has closely tracked declines in established privacy coins.
Privacy-focused cryptocurrencies led declines across the sector, with Zcash, Dash and Monero posting notable losses amid a broader pullback in privacy-themed assets.
Zcash fell nearly 9% over the past 24 hours, while Monero declined about 4% and Dash slipped roughly 3%.
Other privacy-linked tokens, including Decred, Horizen and Tornado Cash, also traded lower during the period.
NIGHT recorded the steepest move, dropping around 25%.
The pullback follows several months of strong outperformance by privacy coins relative to the broader market, with Zcash among the top gainers during that period, supported in part by increased institutional accumulation.
Midnight distinguishes itself as a privacy-first blockchain.
It’s designed to facilitate confidential decentralised applications through advanced features such as selective disclosure and zero-knowledge proofs, all supported by an efficient consensus mechanism.
This architecture aims to balance robust data protection with regulatory compliance.
Cardano’s Midnight project wants to position itself as a next-generation solution for privacy in DeFi, identity management, and enterprise applications.
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EU-Rat unterstützt Offline- und Online-Versionen von digitalem Euro
Der Rat der Europäischen Union hat die Einführung des digitalen Euro durch die Europäische Zentralbank sowohl in einer Online- als auch in einer datenschutzorientierten Offline-Version gebilligt.
BNB price revisits $850 as token face bearish pressure
- BNB price dropped to under $850 as cryptocurrencies solld-off.
- The Binance ecosystem token could dump to $800 or lower if bears strengthen.
- Technical indicators suggest sellers have upper hand in the short term.
BNB faces intensified selling pressure as bulls fail to hold onto gains made in recent sessions, mirroring losses around the broader cryptocurrency market.
As of writing on December 23, 2025, BNB traded around $851, down 1.5% in the past 24 hours as fresh volatility hit risk assets.
While price is off intraday lows of $847, the current outlook suggests bulls risk a revisit of recent key support levels.
BNB price faces fresh bearish pressure
As noted, the BNB price is trading in negative territory
This comes as sellers maintain control following a recent spike to $870, with profit-taking driving the token towards critical support levels.
In the past day, the altcoin has touched $847, and the technical picture signals a potential for further downside if bulls fail to defend this zone.
Market data indicates that BNB has declined more than 11% from its December high of above $920.
Amid the downturn across crypto this past week, the token touched intraday lows of $819.
While buyers then saw a modest rebound to above $870 amid regulatory milestones, the price remains well off its year-to-date peak and all-time high reached in October.
The downturn that has BNB price 38% off the ATH coincides with diminishing activity on the BNB Chain network.
Per blockchain explorer data, daily transactions have fallen nearly 47% from October peaks.
Reduced transaction volumes often reflect lower user and developer engagement, which can erode demand for the native token and contribute to price weakness.
BNB is also signalling market weakness via its derivatives numbers.
Data on Coinglass shows caution has futures open interest for BNB down from over $2.97 billion in October to $1.28 billion as of writing.
Position unwinding and decreased leveraged exposure are key catalysts.
BNB price forecast
From a technical perspective, BNB remains in a downtrend despite a breakout from a trendline on the daily timeframe seen in November.
Recovery also hit a supply wall near the 50-day exponential moving average.
Notably, bulls have defended the support around $825 – a reload from which buyers elevated the token in August to its peak in October.
But bearish signals dominate key indicators on the daily chart.
The Moving Average Convergence Divergence (MACD) highlights fading momentum, while the RSI indicator has flatlined below the neutral mark.
If downside action strengthens, a dip below the support trendline could allow bears to eye $738 and then $647.
On the flipside, a decisive breakout above the $875 threshold could shift sentiment, opening the door to renewed gains towards $1,000.
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IMF advances talks with El Salvador on Bitcoin policy and Chivo wallet future
- IMF says talks with El Salvador continue, focusing on transparency, public funds protection, and Bitcoin-related risks.
- Negotiations to sell or wind down El Salvador’s Chivo Bitcoin wallet are well advanced under the IMF loan program.
- Despite IMF pressure, El Salvador continues daily Bitcoin purchases while GDP growth is projected near 4%.
The International Monetary Fund (IMF) said discussions with El Salvador over its Bitcoin-related policies remain ongoing, with a focus on improving transparency, protecting public funds, and reducing financial risks.
The update came as part of the IMF’s second review of El Salvador’s 40-month Extended Fund Facility (EFF), under which the country secured a $1.4 billion loan in 2024 after prolonged negotiations strained by its Bitcoin adoption.
According to the IMF, talks are particularly advanced regarding the future of the government-run Chivo Bitcoin wallet, including a potential sale or wind-down of the platform.
Chivo, launched in September 2021 as part of El Salvador’s Bitcoin rollout, has faced widespread criticism since its debut, including allegations of identity theft, fraud, technical failures, and frozen user accounts.
Chivo wallet under negotiation
The IMF confirmed that negotiations for the sale of the Chivo wallet are “well advanced,” marking a significant step in scaling back the government’s direct involvement in Bitcoin infrastructure.
One of the architects of the wallet said last year that the application should be shut down due to the controversy it generated since its launch.
As part of the EFF agreement, El Salvador committed to reducing public sector participation in Bitcoin-related activities.
In March, the IMF formally asked the country to halt Bitcoin accumulation through purchases and mining and to dismantle public structures used to acquire the digital asset.
The fund later said El Salvador has complied with these commitments, including initiating a full phase-out of the Chivo wallet.
Despite these steps, several private-sector Bitcoin wallets are expected to continue operating in the country.
At the time the IMF loan was agreed, Stacy Herbert, director of El Salvador’s National Bitcoin Office, said that while Chivo’s role would change, private wallet providers would continue to serve users.
Bitcoin accumulation remains a point of tension
Bitcoin policy remains a central source of friction between El Salvador and the IMF.
The fund has repeatedly warned that Bitcoin’s price volatility poses risks to public finances and has pushed for limits on government exposure.
Nevertheless, El Salvador continues to report ongoing Bitcoin purchases.
Last month, the country added 1,098 BTC to its national reserves, worth nearly $100 million at the time, according to official disclosures.
Data published by El Salvador’s Bitcoin Office shows that the country holds about 7,509 BTC, with purchases continuing on a daily basis, even during periods of high market volatility.
In May, the IMF reiterated that “efforts will continue” to ensure El Salvador does not accumulate additional Bitcoin.
President Nayib Bukele has publicly rejected the idea of stopping purchases, stating in March that the policy would continue regardless of external pressure.
IMF praises economic performance
While flagging ongoing concerns around Bitcoin, the IMF struck a positive tone on El Salvador’s broader economic performance.
The fund said the economy is expanding faster than expected, with real GDP growth projected to reach around 4% this year and strong prospects for next year.
The IMF also noted that fiscal targets remain on track, foreign reserves are increasing, and domestic borrowing has declined.
Structural reforms have advanced, including new banking stability legislation, the adoption of Basel III standards, and updated anti-money laundering rules.
The IMF said it will maintain close engagement with Salvadoran authorities as it works toward a staff-level agreement to complete the second EFF review, underscoring that Bitcoin-related risks remain under scrutiny even as the country’s macroeconomic outlook improves.
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