On 19 December, Bitcoin Cash rose by about 10% in 24 hours, with derivatives activity and growing leverage driving most of the move. Open Interest in BCH perpetual futures increased to roughly $786 million, while funding rates turned positive as shorts lost around $2.54 million. At the same time, spot investors sent nearly $3.93 million in BCH to exchanges to sell, leaving the rally to confront key resistance zones near $598–$606 and around $651.

Solana’s price rebounded 6% on Friday, climbing toward $126 after previously slipping below the key $120 support and raising concerns about a deeper slide toward $100. An analyst from The Motley Fool pointed to the Solana Foundation’s quantum-resistant testnet and Mangoceuticals’ plan to invest $100 million in SOL as major drivers of the recent strength. Despite these catalysts, technical indicators still lean bearish, with key moving averages above current levels and resistance expected around $133–$138 and $144–$147.

For the second consecutive month, the crypto market has fallen, with a near 30% correction since early October totaling about $1.2 trillion in capitalization, according to Volodymyr Nosov. He attributes the decline to institutional repositioning, macro headwinds, leverage washouts on October 10, regulatory adjustments, and a changing market structure, and expects a return to stability in the first half of 2026.

Chiliz CHZ surged nearly 24% in the last 24 hours, trading around $0.0376. The move follows a DeFi update on Chiliz Chain and a monthlong CHZ Frenzy campaign on MEXC that drew over 140,000 users with zero fees and bonuses. Trading volume jumped more than 500% to about $231.5 million.

Bitcoin is losing upward momentum as on-chain data indicates spot demand has dropped below its longer-term trend since early October, suggesting softer structural support near recent highs. At the same time, derivatives metrics point to two key liquidation areas around $90,500 for shorts and $84,500 for longs, with price currently oscillating between these liquidity pools. This setup leaves Bitcoin vulnerable to sharp, liquidity-driven volatility until one of these zones is decisively cleared.

Reports of a renewed Bitcoin mining crackdown in China surfaced after BTC's hashrate dropped about 8%. Jack Jianping Kong posted that Xinjiang miners faced scrutiny and later claimed at least 400,000 machines were shut. By 18 December, pool data showed a rebound, with North American and China-based pools reflecting mixed, temporary declines.

Uniswap is holding a final governance vote on its Fee Switch Activation Proposal from December 19 to December 26. If approved, a two-day timelock would precede a burn of 100 million UNI and the activation of v2 and v3 mainnet fee switches, affecting LP earnings. UNI was $5.31 with a $3.35 billion market cap on December 20, 2025, per CoinMarketCap.

On Thursday afternoon, SOL slid nearly 9% to an eight-month low of $116, then bounced Friday by 7.7% toward $125. Analysts including Crypto Batman, Crypto Scient, and Rekt Capital cited support around $120–$123 and liquidity near $175–$190, while warning any upside could be limited if the monthly close falls below $123.