Grinch rally: Crypto indices track lower through the week
The post Grinch rally: Crypto indices track lower through the week appeared on BitcoinEthereumNews.com.
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Crypto and risk assets continue to show weakness heading into year-end, not adding to the holiday spirit. Risk assets are in search of a floor, driven by fundamental flows supported by ETFs or protocol buybacks. Indices This week closes out with continued weakness across the board, and in crypto risk in particular. Both the S&P 500 and the Nasdaq 100 moved over a -1% lower this week, with gold being the one instrument showing strength. Concurrently, every crypto index we track has traded lower throughout the week. Notably, exchange tokens, buyback leaders, and the 2025 crypto equity cohort outperformed BTC intra-week, while everything else underperformed. The AI sector was the top loser on the week, trading down -26%. The downside was led by TAO, which notched new multi-month lows after being a top performer in October. Broadly, crypto continues its downtrend, with majors like BTC, ETH and SOL showing weakness while longer tail alts make larger moves to the downside. Risk is in search of a fundamental floor, which still may remain lower until price/buybacks becomes too compelling, and buyback flows from these protocol cashflows can set a low. Similarly, majors may need an uptick in ETF inflows to set their low, while the support provided by these vehicles has been anemic in the weeks past. Weekend Reading Michael W. Green published a blog post titled “Taking a Step Back to Step Forward” that reframes US economic precarity through a structural and mathematical lens. Drawing on Ole Peters’ “Equation of Life,” Green argues that wealth naturally concentrates without redistribution (τ < 0), leading to systemic inequality. He critiques distorted CPI measures, technocratic complacency, and housing scarcity as mechanisms of economic extraction. With credit spreads artificially tight despite rising…
Filed under: News - @ December 19, 2025 7:24 pm