• Bitcoin, Ether down
  • Top coins in red
  • Market cap plunges 

Top cryptocurrencies continue on the downward slope as fears of the new Covid-19 variant Omicron spreads. Seven of the top 10 cryptos were trading in the red, leading the global market cap to decrease 0.81% to $2.23 trillion Tuesday.

Bitcoin slid 0.96% in the last 24 hours to trade at $46,577, while Ethereum plunged to $3770, Coinmarketcap data showed. Both coins have been struggling to get on track to recover the value lost since touching their record highs in November.

Barring Tether, USD Coin and Polkadot, all of the top cryptos plunged in the last 24 hours. While Cardano was down 2.28%, XRP slipped 1.52%. Meme cryptos Shiba Inu and Dogecoin were also in the red.

The bearishness comes even as experts were hopeful of the new year bringing the market back in the green.

Meanwhile, electronics giant Samsung introduced NFT marketplaces into its lineup of smart TVs for 2022 as it looks to cash in on the fast-growing popularity of the assets that use blockchain to record the ownership of digital items.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.

Bitcoin, the world's biggest cryptocurrency, hit a record-high $66,000 last month after taking another step towards mainstream status
Bitcoin, the world's biggest cryptocurrency recently hit a record-high of over $69,000. AFP / Ozan KOSE