Crypto equities tumble alongside tokens as bitcoin & altcoins drop

Crypto Market Decline

Bitcoin and major altcoins are trading lower, impacted by tax-loss selling and thin holiday trading conditions. Crypto-aligned stocks are experiencing a sharper decline than the spot market, indicating increased volatility in the cryptocurrency sector.

Market Conditions

The current market environment is marked by reduced trading volumes due to the holiday season, exacerbating the downward pressure on prices for both cryptocurrencies and related equities.