Crypto Markets: Stability Returns While Caution Holds

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(December 2 Edition)

The Fear and Greed Index is a simple way to measure the overall mood of the crypto market. It looks at things like price momentum, trading volume, volatility, and social sentiment to figure out whether investors feel confident or nervous. This week the reading is still sitting in the fear zone, which means people are cautious and not fully ready to take big risks. It does not mean the market is crashing, it just shows that emotions are tilted toward concern instead of excitement. Think of it like checking the weather before going out. The sky is not stormy, but it is cloudy enough that everyone is keeping an umbrella close just in case.

Bitcoin had a busy week with some sharp moves. It climbed into the low 90K range, then dropped back toward 84K. It was a big swing, but it still felt more controlled compared to the chaos we saw before. The move is not enough to change overall sentiment, but it does show that buyers have not stepped away. Even with nerves still in the air, the market can make strong moves without completely falling apart.

Wallets holding at least 100 Bitcoin have climbed by 91 since mid November, which is a noticeable jump in a short window. This usually means bigger holders are quietly accumulating while smaller investors are stepping back. When retail pulls away and long term players step in, it often reflects confidence rather than fear. In simple terms, the people with deeper pockets are buying what others are giving up on. Historically, that kind of steady accumulation has lined up with stronger momentum later on, since these larger holders think in months and years instead of day to day swings.

A new bill in Congress is trying to pull Bitcoin closer into the everyday financial system. The proposal would let people pay certain taxes in Bitcoin, and it would remove capital gains taxes when using Bitcoin for those payments. In simple terms, it treats Bitcoin more like regular money instead of an investment you get taxed on every time it moves. Supporters say this could make crypto feel more practical and less intimidating for the average person. It also signals that lawmakers are slowly warming up to digital assets instead of treating them as a fringe idea. If this bill gains momentum, it could be one of the biggest steps yet toward bringing Bitcoin into normal financial life.

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Memecoin activity on Solana has cooled off in a noticeable way. Not long ago these tokens were driving a big part of daily trading, but now they make up less than 5 percent of DEX volume. That does not mean the memecoin scene is gone, it just means the hype has settled and traders are looking around for what feels meaningful. When volume drops this much it usually signals a pause as people shift their attention. In this case the focus might be moving toward utility driven tokens, where users see long term value instead of quick swings.

XRP is built to move money across borders quickly and at a low cost, making it useful for banks and payment companies that want faster transfers without extra steps. It has partnered with groups like SBI Holdings in Japan and several global payment providers that use Ripple’s tech to test or improve cross border transactions. Over the past couple of weeks XRP has had a mix of dips and recoveries, settling into a calmer range after a solid bounce from earlier lows. Activity across its network has been steady rather than explosive, which fits the mood of a market that is watching and waiting. In plain terms, XRP is holding steady while its ecosystem continues to build around real world payment use cases.

Ripple’s regulated stablecoin is another example of that approach. It recently crossed the one billion circulating supply mark on the Ethereum blockchain, a sign that institutions and users are starting to lean into Ripple backed payment infrastructure in a meaningful way.

Peter Schiff has been calling Bitcoin worthless for more than a decade. He first started saying it had “no future” back in 2013, and he has never backed off that stance. Schiff is a well known economist, author, and financial commentator. He is also the founder of Euro Pacific Capital and has built his entire career around promoting gold as the safest store of value. As one of the most recognizable anti Bitcoin voices, he has always argued that only gold has real staying power. This past week he repeated the same message again, saying “Bitcoin has no future”. But the numbers tell a different story. Since 2013 Bitcoin has risen thousands of percent while gold has only inched up by comparison. Even though Schiff continues to push the gold first narrative, Bitcoin has massively outperformed it over the past decade, proving that the market has not exactly agreed with his predictions.

New technology always gets pushback before it becomes normal, and Bitcoin is no different. People criticized the internet, smartphones, and electric cars too. Crypto is not for everyone, and that is completely fine. But dismissing new innovation has never stopped it from moving forward, and Bitcoin keeps proving that point as it grows despite the skepticism.