Bitcoin Slides Back Below $88,000 as ‘Santa Rally’ Gets Derailed

Cryptocurrency markets fell sharply on Tuesday, with Bitcoin sliding back below $88,000 after briefly trading above $90,000 on Monday. Most major digital assets are trading lower, with the total cryptocurrency market capitalization standing at about $3.04 trillion, down 2.4% over the past 24 hours.

Bitcoin (BTC) is trading around $87,383, down about 2.4% on the day, while Ethereum (ETH) is holding near $2,957, down roughly 2.7%.

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