Vanguard Cracks Open Crypto Access With Expansive BTC, ETH, XRP, SOL ETF Listings

Ripple has accelerated its payment services for XRP and stablecoins through a new partnership with RedotPay, enabling users to convert cryptocurrencies into Nigerian naira. This initiative aims to enhance the accessibility of digital currencies in Nigeria, a market showing increasing interest in cryptocurrency solutions.

The cryptocurrency market is experiencing a downturn, with Bitcoin leading the decline, causing Ethereum and Dogecoin prices to follow suit. Analysts speculate that the market may be entering a bear trend after a prolonged period of growth, although some predict a potential price pump could occur before this trend solidifies.

Bitcoin long-term holders have seen their supply increase for the first time since April, indicating a potential shift in market sentiment. This uptick in the 6-month inactive supply suggests that investors are holding onto their assets rather than selling, which is often seen as a bullish sign in the cryptocurrency market.

Solana's on-chain flows indicate a significant supply shift as the cryptocurrency trades near key support levels, with recent price movements keeping SOL above $120 despite subdued demand from futures traders. This situation reflects ongoing volatility in the market, as traders remain cautious amidst fluctuating investor sentiment.

Bitcoin treasury companies have significantly increased their holdings, now controlling approximately 5% of the total Bitcoin supply, with Strategy leading the way by holding 650,000 BTC. Despite market fluctuations, these companies, including Metaplanet and MARA, continue to accumulate Bitcoin, indicating a strong belief in its long-term value.

XRP has recently experienced a surge in activity, marking one of its strongest growth waves despite facing bearish pressures that have kept its price around the $2 mark. The cryptocurrency's engagement remains robust, indicating a significant interest from traders even as the broader market experiences a pullback.

Bitcoin is currently trading below $100,000, with analysts from Bitwise suggesting that this mispricing indicates a significant discount in BTC's value compared to gold and the broader market. The current price levels reflect a potential undervaluation of Bitcoin, which may not last long as market conditions evolve.

Bitcoin and major altcoins, including Pepe Coin, Solana, and XRP, experienced a significant price surge on December 2, recovering from previous losses. Bitcoin rose by 6.5%, while Pepe Coin, Solana, and XRP also saw notable increases, contributing to a rebound in the overall cryptocurrency market.