Crypto had another bumpy week, with Bitcoin dropping as low as around $84,500, while Ethereum and others took hits too. Amid all the ups and downs, some news stands out as real game-changers for the market, while most is just noise. Let’s cut through it to focus on what traders should actually care about.
1. Spot BTC ETFs See Big Inflows
Bitcoin spot ETFs pulled in hundreds of millions this week, with the biggest single-day haul in over a month coming mid-week. Funds like Fidelity and BlackRock led the way, signaling fresh institutional buying after some earlier outflows. This kind of money moving in could steady the market as we head into year-end.
2. Fed Eases Rules for Banks
The Federal Reserve dropped old restrictions that kept banks away from crypto activities. Now, supervised banks have a clearer path to offer services like custody, as long as they manage risks well. This opens the door wider for traditional finance to mix with crypto.
3. Tax Break Might Skip Bitcoin
Talks around a new US tax exemption for small crypto transactions under $300 could end up favoring stablecoins over Bitcoin. Lawmakers aimed to make everyday Bitcoin use easier, but the details might limit it. That could affect how people use BTC for payments.
The 7 Stories to Skip
- A Canadian bank buying MicroStrategy shares: Just another indirect bet, nothing new.
- Celsius paying out to creditors: Old bankruptcy stuff, no fresh impact.
- Solana ETF inflows: Nice for fans, but small compared to Bitcoin’s moves.
- UK setting crypto rules for 2027: Too far off to matter right now.
- XRP ETF gaining assets quickly: Growth is there, but old issues persist.
- Companies adding Bitcoin to balances: A trend that’s been around.
- Coinbase predicting a December rally: Exchange optimism after a dip, take it lightly.
Keep an eye on upcoming Fed signals and ETF flow trends next week—they could dictate if this bounce holds or if we test those lows again. Year-end tax selling might add pressure, but any fresh institutional bids could spark the next leg up.