Bitcoin (BTC) steadies around $87,700 at the time of writing on Thursday after failing to reclaim a key psychological level earlier this week. Institutional demand continues to weaken as spot Bitcoin Exchange-Traded Funds (ETFs) recorded their fifth consecutive day of withdrawals.
The Canadian Dollar (CAD) holds modest gains against the US Dollar (USD) on Wednesday, even as the Greenback trades firm amid limited movement as markets drift into holiday mode. At the time of writing, USD/CAD is trading around 1.3675, hovering near its lowest level since July 25.
Ethereum (ETH) lost 12% of its value in 2025, declining from $3,336 at the beginning of the year to $2,930 as of the third week of December, a stark contrast from 2024's 48% gain. But that percentage doesn't do justice to the wild year ETH had in 2025.
The British Pound (GBP) softens against the US Dollar (USD) on Wednesday, with the Greenback finding mild support amid reduced liquidity during the shortened US holiday session.
Silver (XAG/USD) trades around $72.05 on Wednesday at the time of writing, up 0.70% on the day. The white metal extends its bullish momentum for a fourth straight day and reached a fresh all-time high at $72.71 earlier in the day, highlighting sustained investor appetite for precious metals.
West Texas Intermediate (WTI) Crude Oil trades little changed on Wednesday as markets slip into holiday mode, with prices hovering near two-week highs amid thin liquidity.
There were 214,000 Initial Jobless Claims in the week ending December 20, a decrease of 10,000 from the previous week's unrevised level, the US Department of Labor (DOL) reported on Wednesday. This reading came in better than the market expectation of 223,000.
The British Pound (GBP) trades slightly lower against the Japanese Yen (JPY) on Wednesday, though thin holiday trading conditions are keeping price action contained within a tight range.
EUR/GBP trades in negative territory around 0.8725 on Wednesday at the time of writing, extending a sequence of declines that began earlier in the week. The pair remains under pressure as the Pound Sterling (GBP) benefits from the Bank of England’s (BoE) relatively hawkish communication.
The USD/CHF pair extends its losing streak for the third trading day on Wednesday.
Gold (XAU/USD) treads water on Wednesday, with prices consolidating after surging to a fresh all-time high near $4,526 earlier today. Volatility picked up during the Asian session amid thin holiday liquidity ahead of Christmas, encouraging mild profit-taking at elevated levels.
Avalanche (AVAX) trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an Exchange Traded Fund (ETF) with the US Securities and Exchange Commission (SEC).
The USD/JPY pair trades 0.23% lower to near 155.80 during the European trading session on Wednesday. The pair extends its losing streak for the third trading day on Wednesday, which started after failing to gain further above an almost 11-month high near 158.00.
Bitcoin (BTC) price continues to trade in red below $87,000 on Wednesday, failing to reclaim a key psychological level earlier this week.
EUR/USD trades around 1.1800 on Wednesday at the time of writing, up 0.10% on the day, after reaching its highest level since late September earlier in the day.
Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission (CFTC). Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.