Ethereum is trading at $3,200 after declining 11% over the past week. Technical analysts have identified $2,875 as a critical support threshold that could determine whether the asset rallies toward $5,000 or retreats to the $2,250–$2,620 range. The level aligns with key Fibonacci retracement zones and an unfilled Fair Value Gap from prior upward movements.

Japan will reduce its cryptocurrency tax rate from a maximum of 55% to 20%, effective early 2026, subject to legislative approval. The Financial Services Agency proposes classifying 105 green-listed digital currencies as financial products under the new rate, aligning crypto taxation with stock market rates to attract more investors and boost market liquidity.

Strategy Inc., Michael Saylor's Bitcoin treasury company, traded below its net asset value for the first time in nearly two years as Bitcoin dropped under $100,000. The company's market capitalization reached $57.40 billion while its 641,205 BTC holdings are valued at approximately $61.3 billion. This creates roughly a 6% discount for investors purchasing MSTR shares compared to direct Bitcoin acquisition.

Digital asset investment products recorded $2 billion in weekly outflows, marking the sharpest decline since February, according to CoinShares. The withdrawals were primarily driven by monetary policy uncertainty and shifting interest rate expectations, with the United States accounting for 97% of total redemptions at $1.97 billion.

President Donald Trump on Friday endorsed a Senate proposal authorizing tariffs up to 500% on imports from countries purchasing Russian energy. The measure targets oil, natural gas, petroleum products, and uranium from major buyers including India and China. Cryptocurrency markets saw $620 million in liquidations across 24 hours following the announcement, with Bitcoin declining 1% in immediate trading.

Bitcoin's roughly 25% drop from its all-time high near $126,000 represents a short-term correction rather than a cycle-peak downturn, according to Bernstein analysts. The firm points to rising institutional ownership in ETFs—from 20% to 28%—and substantial absorption of long-term holder supply through $34 billion in combined ETF inflows and corporate purchases. Strategy's conservative leverage and structural tailwinds including political support and favorable liquidity conditions suggest a shallower consolidation than the 60-70% drawdowns of previous cycles.

Major XRP holders offloaded approximately 200 million tokens in the 48 hours after the first US spot XRP ETF began trading. The asset declined 4.3% to $2.22 despite the Canary Capital ETF recording $58 million in first-day trading volume. Total inflows exceeded $250 million, with institutional wallets adding $44 million in long positions.

The global stablecoin market reached $300 billion by November 2025, marking 48% growth from January levels. The European Central Bank warned that large-scale redemptions could trigger mass Treasury sales, potentially disrupting European monetary policy and reserve management. Dollar-pegged tokens control 99.58% of market share, with major issuers holding most reserves in U.S. Treasury securities.