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.