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ETH, SOL, ADA Slide as Bitcoin Sees Year End Profit-Taking

Trading volumes have thinned noticeably in recent sessions, amplifying price moves and reinforcing a defensive tone, some market watchers say.

Crypto markets declined as investors remain cautious amid concerns over technology valuations and mixed signals from the Federal Reserve.

Bitcoin and ether both saw slight decreases, with most major tokens trading lower, reflecting fragile risk appetite.

Year-end positioning and thin trading volumes are contributing to the current market weakness, with expectations of continued pressure into the new year.

Crypto markets slipped on Sunday as a broader pullback in risk assets extended into the final full trading week of the year, with investors remaining cautious amid concerns over technology valuations, fading momentum in U.S. equities and mixed signals from the Federal Reserve.

Bitcoin fell about 0.5% to trade near $89,600, hovering just above last week’s lows, while ether edged slightly lower to around $3,120. Most major tokens traded lower on the day, with XRP, Solana and Dogecoin posting losses of upto 2%, according to market data.