Cryptocurrency stocks saw widespread declines, with DePIN suffering the most at nearly 6% and Bitcoin falling below 86,000 USD

On December 16th, the cryptocurrency market reported a decline of 2% to 5% within 24 hours. The DePIN sector led this downtrend with a significant drop of 5.8%.

Filecoin (FIL) decreased by 6.29%, and Render (RENDER) dropped by 7.07%. Bitcoin (BTC) fell 3.19%, dipping below 86,000 USD, while Ethereum (ETH) decreased by 4.11%.