PDAXScope: XRP ETF demand, altcoins slide as BTC tests $85k

Institutional Interest in XRP ETFs Surpasses Bitcoin, Says Analyst (Decrypt)

XRP-linked ETFs have now attracted more than US $1 billion in new investment inflows, as reported by Decrypt. Analysts say the steady demand, especially when compared with outflows from Bitcoin and Ethereum ETFs, reportedly suggests institutional adoption of XRP is advancing rather than slowing. However, it was also stated that these ETF flows alone haven’t yet had a major impact on XRP’s price, and long-term value still depends on broader usage and market fundamentals.

Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations (CoinDesk)

Bitcoin and many other cryptocurrencies fell sharply after Bitcoin dipped below US $85,000, triggering more than US $550 million in forced sell-offs (liquidations), as reported by CoinDesk. The report states that these liquidations happened because prices tested key support levels, pushing traders out of positions and adding to downward pressure across altcoins as well. 

Crypto CLARITY Act set for Senate markup in January, Sacks says (Cointelegraph)

The Digital Asset Market CLARITY Act, a long-awaited bill that would clarify how digital assets like cryptocurrencies are regulated in the U.S., is set to be reviewed in the U.S. Senate in January, as reported by CoinTelegraph. White House AI and crypto czar David Sacks states that the markup session will give senators a chance to debate and amend the bill before it moves toward a full vote. Backers say the legislation would help define which crypto assets are treated as securities or commodities and reduce regulatory uncertainty for the industry.

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