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Ethereum’s price has fallen below the critical $3,000 support level, risking a further decline towards $2,850. However, the MVRV Z-Score indicator suggests the asset may be undervalued and could be nearing a bottom.

Elon Musk predicts that AI and robots will make jobs and traditional money obsolete within 20 years, but believes Bitcoin and energy will become the new real currencies in a post-scarcity world.

New data from De Nederlandse Bank shows Dutch investments have surpassed €200 billion for the first time, driven by strong stock market performance. However, this record amount is still less than half of the nation’s total savings, which exceed €518 billion.

In November, inflows into companies holding digital asset treasuries plummeted to a yearly low of $1.32 billion. Consequently, the stock prices of major players like Strategy (MSTR) and Metaplanet have suffered dramatic declines, with MSTR down over 60% from its July peak.

After a sharp correction, the crypto market rebounds with bitcoin leading the recovery. Analysts remain optimistic, with some predicting new all-time highs by January.

Julian Maddocks, a seven-year veteran at crypto exchange Kraken, argues that the current market fear is not a sign of weakness but a necessary transition. He highlights growing institutional adoption, new products like tokenized stocks, and the long-term potential of crypto despite short-term volatility.

Bitcoin is trading in a narrow range amid heavy selling from long-term holders. Analyst Ali Martinez warns that a break below the $83,300 support level could trigger a steep decline to $66,900.

Bitcoin’s price plummeted from $90,000 to $85,000, liquidating $900 million in long positions, following renewed warnings from China about stablecoins and broader market uncertainty.

Fed Chair Jerome Powell’s recent speech offered no clues on monetary policy, disappointing markets. By focusing on historical inflation, Powell may have sent a subtle message about economic humility and the Fed’s independence, leaving crypto investors to navigate the resulting uncertainty.

Despite a significant price drop, Fundstrat’s Tom Lee predicts Bitcoin will hit a new all-time high by the end of January. He cites a recovering stock market and a potentially less aggressive Fed as key drivers, while his firm, Bitmine, continues to aggressively accumulate Ethereum.