WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – DECEMBER 26

Friday

  • Bitcoin holds near $89,000 amid holiday liquidity and ETF outflows
    Bitcoin’s price remained around the $89,000 level as thin holiday trading, continued spot Bitcoin ETF outflows, and significant year-end options expiries collectively muted price movement and kept markets range-bound
  • US crypto market structure legislation delayed into 2026The U.S. Senate Banking Committee postponed markup hearings on key market structure legislation until early 2026, delaying consensus on how federal regulators will oversee digital asset markets — a setback for year-end regulatory progress.
  • Hong Kong plans to introduce new legislation in 2026 to regulate virtual asset dealers and custodians. The framework will expand beyond exchanges to cover OTC desks, brokers, and custody providers, requiring stricter licensing, capital, and AML/CFT controls.
    The initiative aims to strengthen investor protection and reinforce Hong Kong’s position as a global digital asset hub.

 

 

 

Thursday

  • Bitcoin price support gap highlighted in key zone, analysts emphasize a critical support gap between $70,000–$80,000 for Bitcoin, suggesting the asset may spend time within this range to build stronger technical backing.
  • XRP ETF net assets surpass $1.25B milestone, spot XRP ETF inflows crossed $1.25 billion in total net assets, though price action remains muted, signaling sustained institutional demand despite sideways markets.
  • Hong Kong regulators target 2026 crypto dealer/custodian rules, Hong Kong’s financial authorities concluded consultations and plan to introduce new legislation in 2026 aimed at virtual asset dealers and custodians, marking continued global regulatory evolution.

 

 

 

Wednesday

  • Crypto M&A hits record $8.6B in 2025, The crypto industry saw a record $8.6 billion in mergers and acquisitions this year, driven by strong dealmaking and institutional interest, with more deals expected in 2026 as regulatory clarity improves
  • Bitcoin and Ether ETFs see outflows ahead of Christmas, major Bitcoin and Ether spot ETFs experienced notable outflows as traders reduced risk and positioned cautiously before the holiday break, especially led by IBIT and ETHE.
  • Filecoin and broader markets weaken amid sentiment drift, filecoin prices dropped about 2% in line with broader crypto market weakness, reflecting reduced risk appetite and thinning liquidity conditions

 

 

 

Tuesday

  • US equity markets traded near record highs following three consecutive sessions of gains. Markets positioned cautiously ahead of delayed third-quarter GDP data and consumer confidence readings.
  • Gold and silver reached fresh all-time highs with gold approaching $4,500 per ounce and silver crossing $70. The surge reflects expectations of Federal Reserve rate cuts in 2026 and US-Venezuela oil sanctions.
  • The US dollar declined 8.2% year-to-date, heading toward its weakest annual performance in eight years. The yen strengthened following Japanese intervention warnings and the Bank of Japan’s recent rate hike.

 

 

 

Monday

  • U.S. stock futures advanced Monday morning with tech shares extending their rally. Major Asian markets posted solid gains, with Japan’s Nikkei climbing nearly 2% and South Korea’s Kospi surging over 2%, driven primarily by semiconductor and AI-related stocks.
  • Gold surged past $4,400 per ounce for the first time, while silver hit new record highs near $69 per ounce. U.S. officials intercepted a Venezuelan oil tanker, raising supply disruption concerns.
  • Copper hit new peaks near $12,000 per metric ton on supply concerns and speculative buying.