The global cryptocurrency markets on the day logged a sharp decline in its numbers as more investors sold off stocks to settle for secure investment options as Christmas day neared.
This was down by 15.83 per cent over the course of the last day and by 13.48 per cent over the last seven days as per data.
Ethereum, the second largest cryptocurrency by market capitalisation, also fell to as low as $3,905 on the day, declining by almost 15 per cent.
As per reports, the crash is an outcome of a risk-off sentiment among investors that has been triggered by the detection of the new Omicron variant of Covid-19.
The volume of traded coins over the last 24 hours stood at $199.83 billion, which is a 76.05 per cent rise, data showed.
Pegaxy and YearRise occupied the second and third position according to data.On the other hand, Chipz became the top gainer in the crypto pack on Saturday.