Name: Crypto equities fall harder than tokens as bitcoin and altcoins slide
Uploaded: 2025-12-24T00:13:41.585Z
Duration: 55 s
Description: CNBC’s MacKenzie Sigalos reports on bitcoin and major altcoins trading lower as tax-loss selling and thin holiday conditions weigh on prices, with crypto-aligned stocks falling harder than the spot market.

CNBC’s MacKenzie Sigalos reports on bitcoin and major altcoins trading lower as tax-loss selling and thin holiday conditions weigh on prices, with crypto-aligned stocks falling harder than the spot market.

Wall Street

The cryptocurrency market experienced widespread declines, with both bitcoin and altcoins trading lower. While bitcoin hovered around the $88,000 mark and altcoins like XRP also saw losses, spot bitcoin ETFs recorded net negative flows for the week, indicating reduced institutional interest. 

Analysts cited year-end tax loss selling and holiday trading as key factors behind the downturn, with expectations for stabilization as trading volumes return in January. Crypto-aligned stocks, including Coinbase, Circle, eToro, and others, fell more sharply than the tokens themselves, and ether-linked reserve plays also declined.

Crypto equities fall harder than tokens as bitcoin and altcoins slide

Mac, tell us about Bitcoin. We're just showing and there's red all over the board. Yes, there is. Scott, Bitcoin and the broader crypto market is under pressure today, breaking from the strength that we're seeing in tech equities. Bitcoin trading at that 88K level and altcoins like XRP are in the red. Spot Bitcoin ETFs are net negative on the week, a sign that institutional demand is cooling for now. Analysts, they say this looks like classic year-end tax law selling as investors lock in write-offs. And within holiday trading and a big options expiry Friday, QCP Capital says moves can be exaggerated, but they expect this to settle once January volume comes back. Now, the bigger damage is actually showing up in crypto aligned stocks today. Coinbase, Circle, eToro and Bullish are all lower along with the digital asset treasury names, including Bitcoin proxies like Strategy and 21 Capital. Ether linked reserve plays are sliding too, including ETH, Zilla and Tomley's Bitmine immersion.

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