U.S. crypto stocks experienced a significant downturn on Tuesday, Dec. 24, with ETHZilla (ETHZ) leading the losses, dropping 15.08%. Bitmine (BMNR) also fell by 4.21%, while Coinbase (COIN) decreased by 2.26%. Circle (CRCL) and Bullish (BLSH) saw declines of 4.91% and 6.26%, respectively. On-chain data indicates weak trading momentum across the sector. In contrast, traditional markets showed positive movement. The Dow Jones increased by 0.16%, the Nasdaq rose 0.57%, and the S&P 500 reached a new closing high with a 0.45% gain.