Crypto equities fall harder than tokens as bitcoin and altcoins slide

Market Overview - Bitcoin is experiencing downward pressure, trading around the 88k level, while altcoins like XRP are also in the red, indicating a cooling of institutional demand for spot Bitcoin ETFs this week [1] - Analysts suggest that the current market behavior resembles classic year-end tax loss selling as investors seek to lock in write-offs, with expectations of stabilization in January when trading volumes return [2] Company Performance - Companies associated with the crypto market, including Coinbase, Circle, E Toro, and Bullish, are all seeing declines, alongside digital asset treasury names and Bitcoin proxies like Strategy and 21 Capital [3] - Ether-linked reserve plays, such as ETHZilla and Tomley's Bitmine Immersion, are also experiencing a downturn [3]