Bitcoin recovered to $109,780 after Powell’s hawkish tone sent it briefly to $107,000. Ethereum and BNB remained range-bound, while Solana dipped 3% to $186. Total crypto market cap remains stable at $3.7 trillion despite weak U.S. ETF flows.
Bitcoin ETFs saw $488 million in outflows; Ethereum ETFs lost $184 million. Solana ETFs bucked the trend, posting $37.33 million in inflows, its third straight day of gains.
President Trump’s meeting with President Xi yielded trade, energy, and fentanyl agreements.
U.S. GDP data delayed to December due to government shutdown; Coinbase adds $299 million in BTC holdings.
As Chainalysis touts the accuracy of its tracing tools, new out-of-sample tests of the co-spend heuristic raise urgent questions about error rates, scientific validation, and whether blockchain forensic evidence meets legal standards.
As ETFs, corporate treasuries, and tokenized real-world assets absorb supply, the old four-year retail cycle is giving way to a macro-driven, institution-led regime where liquidity concentrates, volatility compresses, and value accrues to utility over hype.
