Market overview: Bitcoin again with a new high, the interest of Wall Street does not subside
Publicado enCrypto

Market overview: Bitcoin again with a new high, the interest of Wall Street does not subside

Bitcoin (BTC) the new week started really successfully and already on monday evening he managed to surpass his maximum achieved during the previous night. The current high is $107,822. At the time of writing, BTC is trading above $106,000. Over the past 7 days, BTC has gained nearly 10%.

Ethereum (ETH) also tried to beat the price more significantly $4000but not so successfully. Currently, it still hovers around this value.

In recent days, attention has once again focused on Bitcoin, whose dominance is returning to higher values, and the altcoin market is still stagnant without more interesting movements.

Fear and Greed index rose to value 87 pointswhich is already quite high in the zone extreme greed.

Cryptocurrency ETFs

Spot bitcoin ETF started the new week with a beautiful influx of almost 637 million dollars. As usual, most of that amount went to BlackRock’s IBIT fund, which took in $418 million. The Fidelity fund added $116 million, Ark just under $48 million, Bitwise nearly $31 million, and Grayscale over $24 million in both funds combined.

Also finished in the plus on Monday Ethereum ETF Funds, which however, after an extremely successful two weeks saw slightly more modest tides for the second day in a row. Bitwise ($8.7M), Grayscale ($7.6M) and Fidelity ($4.1M).

The interesting thing is that over $21 billion has already flown out of Grayscale’s GBTC bitcoin fund since its transformation into an ETF less than 12 months ago. CElk inflows into all other US Bitcoin ETFs except BlackRockwhich makes 20.7 billion USD.

The situation is developing similarly in the case of Grayscale’s ETF fund on Ethereum.

Crypto funds have been growing for 10 weeks in a row

Cryptocurrency investment products saw a cumulative last week inflows of $3.2 billion. It’s the 10th week of growth in a row, and they’ve had total inflows in those 10 weeks 20.3 billion USD.

Distribution of tides, or tides in the past week can be seen in this table:

The Ripple RLUSD stablecoin is set to debut today

As of today, December 17th, Ripple is officially launching its RLUSD stablecoin, backed by the US dollar at a ratio of 1:1on platforms like Uphold, MoonPay, Archax a CoinMENAwith Ripple planning to expand it to other exchanges on the platform in the coming weeks.

In 2025, the RLUSD has i integrate into the Ripple Payments protocol to support cross-border payments and tokenization of real assets on blockchain platforms. Ripple’s goal is for RLUSD to be a direct competitor to Tether (USDT) and USDC.

At the same time, Ripple established advisory board for RLUSD which includes prominent names like the former Governor of the Reserve Bank of India Raghuram Rajan and former vice president of the Federal Reserve Bank of Boston K enneth Montgomery, who will direct the regulatory and operational strategy.

According to analysts the cryptocurrency XRP, which will be used to settle it, can also benefit from the growth of this stablecoin. XRP rose to $2.50 (+3.4%) in the last day.

Athena Labs launches stablecoin USDtb

Athena Labs has launched its new stablecoin USDtb which is supported by BlackRock BUIDL fund. It reached a total locked value (TVL) of $65.4 million on its first day.

Stablecoin you backed by cash and cash equivalents at a ratio of 1:1with 90% of the reserves invested in the BlackRock USD Institutional Digital Liquidity Fund and the remaining 10% in stablecoins like USDC to provide liquidity.

Anchorage Digital was licensed by NYDFS

Company Anchorage Digital, which specializes in institutional investments in cryptocurrencies, has announced that its branch has received a prestigious license BitLicense od New York Department of Financial Services (NYDFS), which will allow it to provide regulated cryptocurrency trading services to clients in New York from 2025.

Anchorage is the 34th company to receive a BitLicense since its introduction in 2015. For example, companies such as Coinbase, Circle or Gemini have this license. This is one of the most difficult licenses to obtain in connection with cryptocurrencies.

Anchorage Digital was recently on the list of crypto firms that could go public via IPO next year.

Will OpenSea launch its own token?

NFT platform OpenSea has stirred speculation about the possible launch of its own token and airdrop for its users after registering a seat in the Cayman Islands.

The NFT community believes that OpenSea could reward its early adopters for their activity similar to what competitors Blur and Magic Eden have done in the past, issuing tokens to support activity and loyalty.

OpenSea platform before introduced zero fees to win back usersbut Blur continues to dominate trading volumes.

Most popular NFT marketplaces by trading volumes:

BitGet was licensed in El Salvador

El Salvador granted BitGet cryptocurrency exchange a license to provide Bitcoin-related services.

This license from the Central Reserve Bank allows BitGet to offer fiat currency exchange, payment services and safe custody of BTC. At the same time, BitGet is awaiting further approval from the National Digital Assets Commission, which would allow it to expand its services to other digital assets.

Sources: Author, Coingecko, X, Farside Cointelegraph