December begins with substantial drops in cryptocurrencies like Bitcoin and Ethereum due to ongoing macroeconomic uncertainties. Investors are increasingly considering gold, which impacts crypto positions.
Despite the downturn, there’s an increase in exchange balances and stablecoin reserves, indicating untapped buying power. Bitcoin trades at 86,637 USD, representing a 5% decline within the last 24 hours.
The interest in a Chainlink ETF is growing, with plans for a possible launch this week. Additionally, Ripple receives a regulatory nod in Singapore, enhancing its operational capacity and growth potential.
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