Bracing for volatility
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 15th December 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
What’s up
Bitcoin Wobbles But Catalysts Lurking
Earlier this morning, Bitcoin eked out a small advance over a 24-hour period but the $90K handle remained out of reach. As of mid-morning, BTC was losing ground. Traders are bracing for volatility this week. Jobs data and inflation reports are set to come out, influencing expectations of how quickly the Fed might ease interest rates in 2026 (CoinDesk).
Meanwhile, Ethereum, second-largest crypto, gained 2% in the past 24 hours to reach roughly $3,160. That was as of today at 8:30 a.m. (EST) and comes alongside news regarding a major bank launching a money market fund on the Ethereum network.
What's down
XRP Dips Below $2 As Homestretch Turns Choppy
XRP has lost 3.5% in the past 24 hours, falling below $2, a key psychological level, for only the second time since last spring. Over the past week, XRP has shed 7%, according to CoinGecko. When we checked at 10.57 a.m. (EST) XRP stood at $1.93.
Bitcoin is down 3% over the past one week. But BTC actually has gained about 5% since the start of December. Just don’t call it a Santa Claus rally.
The gain notched over the past two weeks coincided with a decline in open interest, pointed out Decrypt, indicating it was driven by “short-covering” as opposed to fresh demand.
One analyst told Decrypt to expect choppy year-end price action as sell pressure stemming from the October liquidation shock is only finally beginning to subside.
What's next
Banking Behemoth Tests Tokenization
JPMorgan Chase just launched a tokenized money-market fund on Ethereum. It’s being called My OnChain Net Yield Fund (MONY) and begins its existence with an initial $100 million seed investment from the bank’s asset management division, according to The Wall Street Journal.
Two other behemoths, BlackRock and Franklin Templeton, have already entered this space. Over the span of about one year, tokenized assets have tripled in size, from $3 billion to $9 billion. By the start of the next decade, tokenized assets, or “real world assets” (RWAs), could reach $19 trillion, according to some industry estimates.
"There's a massive amount of interest from clients around tokenization”, John Donohue, head of liquidity at JPMorgan Asset Management, told the WSJ.
The MONY vehicle allows investors to park idle cash on-chain to earn a yield — just like regular a money market fund — but with “faster settlement times, around-the-clock trading and real-time visibility,” as CoinDesk explained.
JPMorgan built MONY via its in-house tokenization platform. CoinDesk said that the fund will serve as a test case for expanding the bank’s lineup of blockchain offerings based on customers' needs.
Increasingly, tokenized funds get used as a reserve asset for DeFi protocols and as a form of collateral.
