Crypto Stocks Plummet, Bitcoin Dips, Liquidity Expected in January

Crypto stocks plummeted today, with Bitcoin leading the decline, as investors engaged in tax-loss harvesting and portfolio managers trimmed risk assets. Open interest in bitcoin and ethereum futures dropped significantly, contributing to market volatility. QCP Capital predicts these moves to subside in January, while markets remain cautious due to inflation concerns and fewer rate cuts expected.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.