Cryptocurrency
Bitcoin (BTC) Price Collapse, Meme Coin Bloodbath, and More: Bits Recap Dec 20

TL;DR
- Bitcoin (BTC) dropped 14% in three days, influenced by the Federal Reserve’s inflation concerns.
- The meme coin market saw a sharp 20% drop, with assets like DOGE and SHIB facing double-digit losses and analysts predicting further losses for the former.
- XRP hit a multi-day low of under $2, but industry participants remain optimistic, highlighting key potential triggers for a future rally, including a Ripple ETF and regulatory resolutions.
BTC Loses $13K in Three Days
At the start of the business week, Bitcoin (BTC) soared to a new all-time high of over $108,000. Its market capitalization crossed the $2 trillion mark, making the cryptocurrency bigger than Saudi Aramco and other well-known corporations.
However, the peak was short-lived, and the bulls took a major blow in the following days. BTC tumbled to approximately $101,000 on December 18 and under $93,000 in the last several hours. Currently, the asset is worth around $93,200 (per CoinGecko’s data), representing a 14% decline on a three-day scale.
The market started retracing shortly after the US Federal Reserve announced its latest rate cut. It reduced the benchmark by 0.25%, but Chairman Jerome Powell hinted that the policy might be paused next year due to rising inflation concerns. He also said the central bank is not permitted to buy BTC, despite Donald Trump’s promises.
While the 13-grand crash in just three days might sound quite dramatic, some factors hint that the bulls could be back in charge soon. Crypto analytics platform Santiment recently estimated that BTC’s collapse has increased discussions about buying the dip to early August levels. Back then, the asset’s price tumbled below $50,000, but a few days later, it climbed beyond $62,000. It will be interesting to see whether history will repeat itself this time.
Heavy Bleeding in the Meme Coin Niche
The meme coin sector has been even more affected than BTC. Its market capitalization is down a whopping 20% on a daily scale, plunging below $100 billion.
All of the leading assets, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk Inu (BONK), dogwifhat (WIF), and many more, have charted double-digit losses. It is quite challenging to find a meme coin positioned in the green today, with Zerebro (ZEREBRO) being among the few exceptions.
Some analysts expect further losses in the sector, more specifically touching upon DOGE. Jake Wujastyk envisioned a potential drop to $0.27, while Rose Premium Signals predicted a crash to $0.22. However, the latter thinks DOGE could then rebound and resume its bull run.
How’s XRP Doing?
Lastly, we will focus on Ripple’s native token, which is also deep in the red today (December 20). Currently, it trades at around $2, which is the lowest mark observed in the past ten days.
Many industry participants, though, foresee good days ahead for the XRP army. One analyst recently advised investors to cash out only when seven important things happen.
Those include the introduction of Ripple’s stablecoin, Donald Trump’s inauguration, a potential resolution of the Ripple v. SEC case, Gary Gensler’s departure from the regulator, the beginning of the altseason, a partnership between the company and a large banking institution, and the possible launch of an XRP ETF.
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Cryptocurrency
Standard Chartered Launches Institutional Spot BTC, ETH Trading

Standard Chartered has become the first internationally recognized financial heavyweight to launch direct spot trading for Bitcoin and Ethereum.
The offering positions the UK-based institution at the forefront of regulated digital asset integration within traditional finance.
Launch Mechanics and Client Access
According to reports, the new service will allow institutional clients, including asset managers, corporations, and large investors, to trade BTC and ETH directly using FX trading interfaces established by the bank.
Standard Chartered stressed that the trades are “deliverable,” meaning that customers will receive actual crypto assets upon settlement rather than mere exposure via derivatives. Additionally, users can choose their own custodian, including Standard Chartered’s in-house service.
At first, the offering will be available during Asian and European trading hours, with potential demand determining whether there will be 24/5 access in the future.
The bank also plans to introduce non-deliverable forwards (NDFs) trading for the two largest crypto assets by market cap. This will further expand risk management tools amid growing institutional appetite for digital assets.
Traditional banks are under increasing pressure to bridge the gap between legacy finance and crypto infrastructure, and Standard Chartered hopes to eliminate a major point of friction for institutional players who were previously forced to navigate a fragmented and often unregulated crypto sector.
A Broader Crypto Strategy
The UK spot trading launch is just one piece of Standard Chartered’s growing arsenal of digital asset solutions. At the beginning of the year, the bank established a dedicated Luxembourg entity to offer regulated crypto custody services within the EU.
Around the same time, it also dipped its feet into stablecoins and tokenization, partnering with Animoca Brands and HKT to develop a Hong Kong dollar-pegged stablecoin.
Compteitors like JPMorgan and Goldman Sachs have taken a more conservative approach to direct crypto spot trading, with Nate Geraci, co-founder of The ETF Institute, decrying this cautious stance.
Recently, while referencing Vanguard, another heavyweight player in the financial management space, he suggested that the refusal by such institutions to offer crypto products could alienate investors seeking exposure to such assets.
“What Vanguard is missing (*huge* miss IMO)…” Geraci posted. “Is there are tons of investors who love Vanguard’s low cost approach to stock & bond investing AND they want to own some btc & crypto.”
Meanwhile, Standard Chartered Group CEO Bill Winters has consistently stated that “digital assets are here to stay.” The company’s aggressive positioning grants it an early-mover advantage in a market where deep-pocketed investors are increasingly demanding secure, compliant crypto exposure amid a shifting regulatory environment and rising BTC adoption.
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Cryptocurrency
Is Solana About to Explode Further? Analyst Reveals Next Targets

TL;DR
- Solana breaks above $166 Fibonacci level, with bulls eyeing targets at $171, $179, and $185.
- SOL trades above 9-day SMA, while MFI at 76 signals strong inflows but potential exhaustion.
- SEC ETF reviews add momentum to Solana’s ongoing upward price action.
SOL Chart Points to Bullish Target
Solana (SOL) has broken out of an ascending triangle. The price cleared the $166 mark, which is the 1.272 Fibonacci level. Traders now watch for the next levels at $171, $179, and $185. The structure shows rising lows and growing volume, which supports the move.
“This could be the cleanest breakout I’ve seen all month,” said analyst Ali on X.
If buyers stay in control, the $185 level may be next. But traders also watch for pullbacks, especially as prices move higher into resistance zones.
This could be the cleanest breakout I’ve seen all month! pic.twitter.com/FGWTYaOqDg
— Ali (@ali_charts) July 15, 2025
SMA and MFI Indicate Bullish Momentum
Solana trades above its 9-day simple moving average, which now sits at $158. This shows that buyers are still active. The slope of the line is pointing up, which supports the current direction.
At the same time, the Money Flow Index is at 76.16, which is close to the overbought line. This reading shows that funds have flowed in fast. But it also warns of possible profit-taking or price pauses near this level.
Network Use and ETF Talk Support Momentum
As CryptoPotato reported, the number of active users on Solana’s network has recently ticked up. This rise in activity often helps price moves stay strong. The added use shows interest in Solana is growing.
Meanwhile, the SEC is now reviewing spot ETF filings tied to Solana. These efforts are said to be moving quickly. If approved, they may open more ways for funds to buy SOL directly.
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Cryptocurrency
Large Bitcoin Investors Realize $1.54 Billion in Profits but Rally Still Intact: CryptoQuant

Bitcoin’s climb above the coveted $120,000 level was short-lived, as the cryptocurrency pulled back to below $117,000 amidst renewed volatility. Over the past 24 hours, it declined by over 4%.
On-chain signals reveal increased miner activity, which suggests short-term selling pressure.
Miners Cashing Out?
As the price approached new highs, the Miners’ Position Index (MPI) – which gauges the ratio of miner outflows to their one-year moving average – spiked to levels last seen during major sell-off periods. This means that some of them may have begun taking profits into strength, a pattern often seen when the MPI reading rises above 2, hinting at larger-than-usual Bitcoin outflows from miners to exchanges.
While such moves can introduce short-term selling pressure, CryptoQuant explained that historical patterns indicate they do not always derail broader bullish trends when demand from other investor cohorts remains strong.
At the same time, Binance, the world’s largest cryptocurrency exchange, recorded net inflows of nearly 6,000 BTC between July 12 and July 14. This activity reversed a period of predominantly neutral or negative netflows. The sudden influx alongside the recent price rally points to potential arbitrage activity, derivative hedging, or preparations for large-scale transactions rather than outright panic selling.
Considering all these factors together, the uptick in miner activity and increased exchange deposits mean that while some market participants are realizing gains, others may be positioning for continued price action.
Amid these miner outflows and Binance inflows, Glassnode recorded one of the year’s largest profit-taking days.
Bitcoin Logs One of Its Largest Profit-Taking Days
According to the blockchain intelligence platform’s findings, Bitcoin investors collectively realized $3.5 billion in profits over the past 24 hours.
This is one of the largest profit-taking days for BTC this year. Interestingly, long-term holders accounted for approximately $1.96 billion, or 56% of the realized gains, while short-term holders captured around $1.54 billion and accounted for the rest.
The significant wave of profit realization, led predominantly by long-term holders, demonstrated how seasoned investors are seizing the opportunity to lock in gains as Bitcoin hit a fresh peak while still allowing room for fresh capital to enter.
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