Ethereum price enters a low-risk phase as open interest falls 50% since August

Ghana has officially legalized cryptocurrency trading by enacting the Virtual Asset Service Providers Bill, 2025, which empowers the central bank to regulate and license crypto service providers. This legislative change marks a significant shift in the legal landscape for digital assets in the country, ending years of uncertainty.

Solana (SOL) is experiencing significant pressure as it struggles to maintain its price above critical support levels, currently trading in the low-$120 range following a sharp decline of 39% in the fourth quarter of 2025. Despite steady inflows into investment products, the cryptocurrency's network activity has decreased, leading to a divided market sentiment regarding its future.

Glassnode's recent data indicates that net flows for Bitcoin and Ethereum exchange-traded funds (ETFs) in the U.S. have remained negative since November, signaling a decline in institutional demand for these cryptocurrencies.

A significant crypto crash is occurring today, December 23, with Bitcoin and most altcoins experiencing declines, resulting in a 2.45% drop in total market capitalization to $2.95 trillion. This downturn follows a series of price drops over the past weeks, indicating a persistent bearish sentiment in the cryptocurrency market.

XRP spot ETFs in the U.S. have accumulated approximately $1.2 billion in assets within a few weeks, contrasting with a decline in interest for Bitcoin and Ethereum ETFs as crypto prices soften. Despite XRP's recent struggles, the ETF inflows indicate a robust demand for this asset class.