📢 Crypto News of the Week
📉 Bitcoin dived under 86 000 USD early in the week as the broader crypto market was hit by a wave of risk-off sentiment and liquidations. That slump wiped out much of October–November’s gains and pushed the market into a bearish stretch.
🔄 However by end of week BTC rebounded sharply to around 92.9 K USD, helped by fresh buying and improved market confidence. Meanwhile Ethereum shook off early losses and rallied back above 3 000 USD although its volatility reminds everyone bear markets are not fun.
🏦 On institutional front: Vanguard officially lifted its ban on crypto ETFs and mutual funds meaning for the first time many traditional investors can gain exposure to assets like Bitcoin, Ethereum, XRP and Solana via mainstream brokerage services. That move reflects increasing acceptance of crypto within legacy finance channels.
🚨 On regulatory and criminal-finance news: authorities in Switzerland and Germany shut down major mixer service Cryptomixer.io seizing servers and roughly 25 million euros worth of BTC, a blow to illicit money laundering via crypto.
📉 And on the corporate-crypto side: Strategy (formerly MicroStrategy), the world’s largest corporate BTC holder, warned it might start selling some of its stash if market value falls, a sign of possible further downward pressure on BTC if macro headwinds persist.
😎 Fun fact to lighten the mood: despite the crypto turbulence public interest remains high. Data show 6 500 USD call-options on Ethereum (betting on a big rebound) dominate open interest on a major derivatives platform, signalling many traders still anticipate a major upswing.
📌 That is it for this week’s digest. Stay tuned for more updates soon!
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