[LIVE] Crypto News Today: Latest Updates for Dec. 05, 2025 – Bitcoin Trades Below $93K as PayFi and DeFi Lead Market Declines

Crypto markets saw a broad-based pullback after several days of steady gains, with the PayFi sector leading losses at nearly 4%. XRP slid 4.37%, while Bitcoin dipped 1.06% to fall back below $93,000 and Ethereum dropped under $3,200. Despite the overall downturn, a few tokens outperformed: Dash and Ultima climbed over 3% and 5%, respectively; Zcash spiked 10% in the Layer 1 sector; and Merlin Chain surged nearly 10% intraday. Other major sectors, including CeFi, Layer 2, Meme, and DeFi, posted declines, though pockets of strength emerged with OKB, Fartcoin, and MYX Finance recording notable gains. Sector indices reflected the broader cooling, with CeFi, Layer 1, and DeFi indices slipping between 2% and 4.4%. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for Dec. 05, 2025 – Bitcoin Trades Below $93K as PayFi and DeFi Lead Market Declines appeared first on Cryptonews .