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  • Bitcoin's price has experienced significant volatility, recently plunging below $90,000, with fears of a bear market confirmed by a death cross pattern on its price chart.
  • Institutional interest is being tested, as record outflows from Bitcoin ETFs continue, with BlackRock's fund alone shedding $2.47 billion in November attributed to tactical rebalancing rather than a loss of confidence in Bitcoin.
  • Amid the downturn, notable investors like Robert Kiyosaki have sold their Bitcoin holdings, even after previously forecasting soaring price targets, raising questions about future price predictions.
  • Ethereum has reached a four-month low, yet optimistic futures data hints at a potential rebound towards the $3,200 mark as the market grapples with overall liquidity issues and incoming regulatory reforms.
  • In other industry developments, Coinbase is expanding its portfolio by acquiring Solana-based trading applications and integrating with emerging financial services, reflecting an ongoing trend of consolidation within the crypto sector amidst widespread market uncertainty.

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