What happened: Bitcoin slid back under $88,000 amid thin holiday trading volumes, easing derivatives positions and profit-taking as traders step aside for the year-end. The broader crypto market also softened, with many altcoins in the red.
Why it matters: Low liquidity periods often amplify volatility and make support levels less reliable. With weak trading interest and macro uncertainty still in play, markets may stay range-bound until year-end or early January.
Sources: The Economic Times market overview; live crypto news (Bitcoin & altcoin declines)
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2)
VanEck analyst predicts strong Bitcoin comeback in 2026
What happened: A senior VanEck digital-assets strategist said Bitcoin’s long-term cycle remains intact despite the recent correction, and noted historical patterns point to a potential strong BTC rebound in 2026.
Why it matters: When leading institutional research teams forecast a resurgence, it can boost long-term sentiment and influence allocations — even if short-term price action is choppy.
Source: CryptoNews.com report on VanEck outlook
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3)
Ghana legalises crypto trading under new law
What happened: Ghana’s parliament passed legislation to legalise and regulate cryptocurrency trading — a significant move for crypto adoption in West Africa. The law includes provisions for trading platforms, KYC/AML standards, and consumer protection.
Why it matters: Broader regulatory acceptance in emerging markets can expand user adoption and liquidity, especially in regions where crypto has seen grassroots usage for remittances and financial inclusion.
Source: DAWAN Africa (Ghana crypto legalisation)
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4)
Bybit publishes its 29th Proof-of-Reserves report — transparency push continues
What happened: Major exchange Bybit released its 29th Proof-of-Reserves report, a periodic transparency effort showing assets held vs. liabilities, amid a backdrop of security concerns in the wider industry.
Why it matters: As trust and transparency remain ongoing issues in crypto, regular proof-of-reserves disclosures help exchanges signal solvency and good governance — a factor that can influence institutional and retail confidence.
Source: Coinpaper press release on Bybit’s Proof-of-Reserves report

