Crypto Markets Today: Cardano-based NIGHT crashes, ZEC, XMR also drop

Most tokens that debuted this year are trading below their initial valuations. What to know : Cardano-based Midnight Network's token NIGHT plummeted 22%, the steepest decline among the top 100 tokens. Bitcoin fell below $88,000 after failing to maintain gains above $90,000, with potential volatility expected following the U.S. GDP release. A year-end analysis reveals that only 15% of crypto tokens launched in 2025 are trading above their initial valuations, with infrastructure and AI-linked tokens underperforming.