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Holiday caution triggers broad crypto sell-off led by Bitcoin
Bitcoin slipped near $87,300 as holiday caution, strong US data, and weak technical indicators triggered a broad crypto sell-off, pushing total market value below $3 trillion.
Crypto markets weakened sharply ahead of the Christmas holiday as investors reduced exposure amid thin liquidity and macro uncertainty. Bitcoin fell about 2.1% to near $87,300, while major altcoins such as Solana, Cardano, Chainlink and Zcash dropped over 3%. Total crypto market capitalisation declined 2.45% to roughly $2.95 trillion. Strong recent US economic data, while supportive of growth, has also dampened expectations of early interest rate cuts, adding pressure alongside bearish technical signals.