Crypto equities fall harder than tokens as bitcoin and altcoins slide

Market Trends - Bitcoin and the broader crypto market are under pressure, diverging from the strength in tech equities [1] - Spot Bitcoin ETFs are net negative for the week, indicating a cooling of institutional demand [1] - Analysts attribute the downturn to year-end tax loss selling as investors lock in write-offs [2] - QCP Capital suggests that moves may be exaggerated due to holiday trading and a large options expiry, expecting stabilization in January [2] Crypto-Aligned Stocks Performance - Crypto-aligned stocks, including Coinbase, Circle, E Toro, and Bullish, are experiencing declines [3] - Digital asset treasury names, such as Bitcoin proxies like Strategy and 21 Capital, are also lower [3] - Ether-linked reserve plays, including ETHZilla and Tomley's Bitmine Immersion, are sliding [3]