Crypto Snapshot: Latest News & Trends
By SYGNAL
📈 Market News:
- Bitcoin ($BTC) saw a significant drop of 9%, falling below $93,000 after hitting an all-time high above $108,000 earlier this week. This reflects intensified market sell-offs and heightened volatility. (CNBC)
- Ethereum ($ETH) and other altcoins like Solana ($SOL) and Dogecoin ($DOGE) dropped between 15%-25%, contributing to a broader $500 billion market cap decline. Experts anticipate heightened volatility but a potential recovery in 2025. (Forbes)
- Increased volatility is expected in the crypto market, particularly around the settlement of the December 27, 2025 expiry. However, recovery is anticipated throughout 2025. (Forbes)
💸 Money Flow:
- Spot Bitcoin ETFs in the U.S. have surpassed $100 billion in assets, with BlackRock’s iShares Bitcoin Trust managing $60 billion, marking record growth. (Forbes)
🌐 Adoption and Usage:
- In the Eurozone, cryptocurrency ownership rose to 9% in 2024, up from 4% in 2022, showcasing growing interest and adoption in the region. (Barron’s)
💼 Important Business Deals:
- Experts predict a wave of acquisitions by mainstream financial institutions in 2025, aiming to modernize and integrate blockchain technologies. (Forbes)
🗣️ Crypto Influencers:
- Michael Saylor proposed allowing U.S. banks and corporations to issue tokens backed by the U.S. dollar, emphasizing its potential for adoption. (CNBC)