U.S. stocks edge lower, Bitcoin remains steady at 88K, is DAT quietly exiting?

ChainNewsAbmedia
BTC0,15%
ETH0,37%
RWA-2,55%

U.S. stock three major indices declined slightly yesterday (12/30), silver and gold rebounded after plunging from all-time highs. The cryptocurrency market rose 1.03% in the past 24 hours, reversing a seven-day consecutive decline. Although Bitcoin (BTC) slightly recovered to 88K, digital asset financial company (DAT) still performed weakly. Supported by football superstar Beckham, health supplement company Prenetics Global Limited, after raising $48 million to buy 510 Bitcoins, announced abandoning further Bitcoin purchase strategies.

(Silver ranks as the best-performing asset in 2025, with “Currency Wars” author predicting it could reach $200)

U.S. stock three major indices slightly declined, silver and gold rebounded after plunging from all-time highs

The three major U.S. stock indices closed lower, and the minutes from the Federal Reserve’s latest meeting indicated that if inflation continues to slow, most Fed officials support rate cuts. However, the minutes also highlighted disagreements among policymakers, with some advocating for keeping rates “unchanged for a period” after three rate cuts this year.

According to the CME FedWatch Tool, most traders believe the Federal Reserve will keep rates steady early next year, with only a two-rate cut expected for the entire year.

U.S. stock three major indices slightly declined, silver and gold rebounded after plunging from all-time highs.

Apart from the release of the Fed minutes, recent market activity has generally lacked major catalysts to drive market trends. Especially with news releases and trading volumes remaining subdued, investors seem to have already entered holiday mode.

Crypto market slightly rebounded, Beckham-supported health supplement company abandons Bitcoin purchase plan

The cryptocurrency market increased by 1.03% in the past 24 hours, with a market cap reaching $2.99 trillion, reversing a seven-day decline.

Although derivatives trading activity suggests a risk-on sentiment, Bitcoin’s 59% market share indicates capital remains defensive, and the Fear & Greed Index remains in the fear zone at 29.

While the coin prices slightly recovered, digital asset financial company (DAT) still performed weakly. Supported by football superstar Beckham, health supplement company Prenetics Global Limited, after raising $48 million to buy 510 Bitcoins, announced abandoning further Bitcoin purchase strategies.

The company is not the only digital asset firm updating its accumulation plans amid the crypto market downturn. Earlier this month, Peter Thiel-backed Ethereum bond ETHZilla announced it would focus on real-world asset tokenization strategies (RWA) rather than continuing to accumulate Ether. Many other companies have also initiated stock buyback programs. With coin prices not rising significantly as investors expected, DAT’s survival is under pressure, and MSCI’s decision on January 15 whether to remove DAT from the index is a critical test of its legitimacy.

(MicroStrategy writes to MSCI, removing DAT from the index is stifling innovation)

This article “U.S. stocks slightly decline, Bitcoin holds steady at 88K, DAT quietly exits?” first appeared on Chain News ABMedia.

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