Bitcoin, Ethereum, Metaverse Tokens Sink After Holiday Crypto Rally

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Most of the crypto market is in the red today, yielding $523 million in futures liquidations in the process.

By Andrew Hayward

2 min read

Dec 28, 2021

bitcoin ethereum metaverse tokens sink after holiday crypto rally grafika numer 1

CRYPTO MARKETS IN THE RED ZONE. IMAGE: SHUTTERSTOCK

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In brief

The cryptocurrency market is down 7% over the last 24 hours.
Bitcoin, Ethereum, and Solana have all lost value today, along with gaming and metaverse tokens.

The cryptocurrency market enjoyed a little Santa Claus rally at the end of last week and was in the green over the weekend as Bitcoin neared a return to $52,000 and the total crypto market cap nudged back above $2.5 trillion.

This week has been a different story. Most of the market has seen deepening losses on Tuesday, with leading coins like Bitcoin and Ethereum down more than 6% in 24 hours, along with metaverse and gaming tokens.

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