VanEck's mid-December ChainCheck report argues that falling Bitcoin network hashrate often precedes stronger performance. The firm notes hashrate slipped about 4% in the month before December 15 and, since 2014, 90‑day returns were positive roughly 65% of the time during contractions versus 54% during expansions, framing miner stress as a contrarian tailwind.

On December 23, 2025, BitMine said in a filing it acquired 98,852 ETH over the past week, bringing its holdings to 4,066,062 ETH at an average cost of $2,991 per ether. The same day, onchain watchers reported about 29,462 ETH, worth roughly $88 million, moved via BitGo and Kraken. The firm aims to accumulate up to 5% of Ethereum's circulating supply.

Major cryptocurrencies are trading near recent highs, but momentum has slowed. Price action and sentiment data point to consolidation, and not a renewed breakout.

On 22 December 2025, CoinShares data showed that crypto exchange-traded and other digital asset investment products recorded nearly $1 billion in weekly net outflows, ending a three-week period of inflows. The reversal was largely driven by US-based products after progress on the Clarity Act was postponed to January, with Ethereum funds alone seeing over half a billion dollars in redemptions. While the move marks this year's largest monthly withdrawal total, flows in markets such as Canada and Germany remained modestly positive, suggesting investors are pausing rather than fully exiting crypto exposure.

On 22 December 2025, Metaplanet's extraordinary general meeting unanimously approved a package of governance and capital structure changes to support its expanded Bitcoin strategy. The company will lean more on preferred equity, redesigning Class A and Class B preferred shares to offer regular dividends and protections while reducing reliance on common stock issuance. These measures are intended to attract institutional and overseas investors and to back Metaplanet's goal of building one of the largest corporate Bitcoin treasuries.

Since August, Ethereum open interest has fallen by about 50%, signaling a substantial deleveraging in the derivatives market and a broad reduction in leveraged risk. ETH is trading close to $3,040 while total liquidations hover around $48.5 million, with shorts contributing roughly $31.8 million and longs about $16.7 million. With leverage significantly reduced and volatility muted, Ethereum appears to be consolidating as traders wait to see how new leverage returns to the market.

On 22 December 2025, Hyperliquid addressed community concerns over HYPE token selling. According to co‑founder Iliensinc, the wallet behind recent trades belongs to a former employee dismissed in early 2024 and is not tied to the current team. The company also reiterated strict policies barring staff from trading HYPE derivatives.

On 22 December 2025 at 09:44, XRP was reported to be pressing into a critical decision zone after years of moving within a long-term structure. Analysts note alignment between momentum and structure, while U.S. spot XRP ETFs have taken in more than $1 billion in net inflows, with no outflow sessions since launch.

The market is attempting to steady after sharp swings, with total capitalization around $3.01 trillion, according to CoinMarketCap. Bitcoin is near $89,100 and up about 1.1% over the past 24 hours, while Ethereum trades close to $3,030. Sentiment remains guarded, with the Fear & Greed Index at 29 and altcoin participation muted.