Weekly Recap: Bitcoin Dips to $80K as US Approves Stablecoin Rules
Bitcoin held above $80,000 despite a weekly drop, while US regulators finalized new rules for stablecoin issuers.
Image source: ForkLog
This week brought mixed news for the crypto world: Bitcoin slipped toward $80,000, while the United States finalized important new rules for stablecoins.
Bitcoin holds the line
Bitcoin (the world's first and biggest cryptocurrency) tried to climb to $85,000 mid-week, but then fell back below $80,000. In the end, it managed to stay just above that level.
- Bitcoin dropped 1.8% over seven days
- Ethereum (the second-largest crypto) fell 3.3%
- Solana and HYPE dropped around 2.5%
- Zcash bucked the trend, rising 8.3%; BNB gained over 2%
Money flows in and out
Spot Bitcoin ETFs (investment funds that let people bet on Bitcoin through the stock market) attracted over $442 million this week — the highest since September. However, Ethereum funds saw money leaving for the fourth week in a row, with nearly $225 million withdrawn.
The "Fear and Greed Index" (a tool measuring investor mood) sat at a neutral 54.
US sets stablecoin rules
The OCC (a US banking regulator) approved final rules for companies that issue stablecoins — cryptocurrencies designed to always be worth $1 by holding real money as backup. The rules, part of the GENIUS Act law, cover reserves, token redemption, risk management, and audits.
- The rules take effect on January 18, 2027
- They apply to banks and certain non-bank and foreign issuers
- Anti-money-laundering rules will be handled separately later
- The Qubic blockchain resumed operations after a hack affecting 1,404 wallets
- North Korean hacker group Lazarus began using AI and advanced encryption in cyber-spying campaigns
- Meta was fined $25 billion for deceiving users
This is an AI-generated summary. Read the original article at: https://forklog.com/news/itogi-nedeli-bitkoin-prosel-k-80-000-a-v-ssha-utverdili-pravila-dlya-stejblkoinov