Japan Approves $135B Stimulus Package; BTC Dip Keeps Giving

CryptoQuant has reported that recent Bitcoin market downturns have been primarily driven by selling from US investors. The analysis highlights the 'Coinbase Premium Gap,' which indicates that Bitcoin is trading at lower prices on Coinbase compared to Binance, suggesting a significant selloff by American investors, particularly institutional ones.

Anchorage Digital has announced the integration of Mezo support into its platform, enabling institutions to borrow and earn on Bitcoin (BTC). This development allows for compliant borrowing against BTC, enhancing institutional access to Bitcoin-backed loans. The partnership aims to provide new financial opportunities for institutions in the cryptocurrency space.

Bitcoin's price has fallen toward the mid-$80,000 range as market structure weakens heading into the year-end. The cryptocurrency has struggled to maintain its value, reflecting a broader bearish trend in the market. This decline raises concerns about the potential for further losses as investor sentiment shifts negatively.

Bitcoin's price has fallen below $90,000, indicating a bearish trend as it struggles to recover above $88,500. The cryptocurrency has shown signs of weakness, with a recent low of $85,276. The price is currently trading below the 100 hourly Simple Moving Average, and if it remains under $90,000, further declines may occur.

Zcash (ZEC) has experienced a significant rally, with its price rising sharply despite the limitations of transparent on-chain data to fully explain this surge. The cryptocurrency market is witnessing notable fluctuations, and ZEC's performance stands out amid these dynamics.

Tether has significantly increased its gold reserves to 116 tons, positioning itself as a major player in the gold market, comparable to small central banks. This development highlights Tether's growing influence in the financial sector, particularly in the context of cryptocurrency.

VanEck reports that the recent downturn in Bitcoin prices is primarily driven by mid-cycle wallets, while long-term holders, known as whales, continue to accumulate. The analysis indicates that the market is experiencing washed-out conditions, with futures data reflecting this trend.

Industry groups have sent a letter to President Donald Trump advocating for new tax policies and agency actions on cryptocurrency initiatives, emphasizing the need for progress amid Congressional uncertainty regarding market structure work.