Crypto Weekly Recap: Traders Split on Altcoin Season; Stablecoins Near ACH Scale; ECB Pushes On-Chain Settlement; and More (Dec 14–20, 2025)

By MelegaSwap | Fresh Crypto News | 21 Dec 2025


Bitcoin’s market structure is flashing warning signs. Analysts say BTC demand has rolled over since October, ETF holdings are shrinking, funding rates are fading, and price has broken below its long-term 365-day moving average, a setup many associate with the early stages of a bear market. Sentiment hasn’t helped: fear dominates, yet traders may still not be scared enough to mark a true bottom.

At the same time, signals are colliding. Bitcoin versus gold has slipped back to a historic bull–bear boundary, while some analysts see oversold conditions and bullish divergences forming beneath the surface. Others warn that if key support fails, a deeper downside could follow before any meaningful recovery.

With macro pressure, conflicting indicators, and positioning in flux, the market is at a critical inflection point.

Read the full weekly recap below for the key data, charts, and stories driving crypto right now.

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TOP CRYPTO NEWS RECAP (December 14-20, 2025)

  • Arthur Hayes Says Altcoin Season Is Ongoing, Traders Just Missed It
  • Stablecoins Set to Surpass US ACH Payments by 2026
  • ECB Plans On-chain Settlements as Digital Euro Privacy Debate Intensifies
  • Poland Revives Controversial Crypto Bill, Sends It Back to Senate
  • Peter Brandt: US Clarity Act Positive but Unlikely to Move Bitcoin Price
  • Crypto Industry Backs Senator Cynthia Lummis After Reelection Exit

Arthur Hayes Says Altcoin Season Is Ongoing, Traders Just Missed It

BitMEX co-founder Arthur Hayes argues that the altcoin season never ended; traders simply failed to own the assets that performed well. He says investors are stuck expecting past cycles to repeat rather than adapting to new narratives. Hayes points to Hyperliquid and Solana as major winners this cycle, showing altcoins have already delivered strong returns. In his view, each cycle has different leaders, and success depends on identifying what’s new rather than chasing last season’s plays.

Stablecoins Set to Surpass US ACH Payments by 2026

Galaxy Research predicts stablecoins will process more transaction volume than the US Automated Clearing House (ACH) system by 2026, driven by regulatory clarity and rapid adoption. Analysts note stablecoins already exceed Visa’s volume and handle about half of ACH’s throughput, with supply growing 30%–40% annually. The GENIUS Act’s expected implementation could accelerate usage. Galaxy also forecasts Bitcoin could reach $250,000 by 2027, while stablecoins increasingly attract banks, fintechs, and major corporations.

ECB Plans On-chain Settlements as Digital Euro Privacy Debate Intensifies

The European Central Bank plans to enable blockchain-based settlements in central bank money starting in 2026, alongside preparations for issuing a digital euro. While the ECB has finalized the technical design, privacy safeguards will depend on EU lawmakers. Officials say the digital euro will support both online and offline payments with cash-like privacy, aiming to improve cross-border payments and counter stablecoin risks. However, growing EU surveillance and strict anti-anonymity rules raise concerns over how private the digital euro will ultimately be.

Poland Revives Controversial Crypto Bill, Sends It Back to Senate

Poland’s lower house of parliament has passed a revived crypto regulation bill aligned with the EU’s MiCA framework, sending it to the Senate for review. The legislation is identical to a version previously vetoed by President Karol Nawrocki, who had warned it could threaten economic freedoms. Despite earlier opposition, officials now expect the bill to be signed into law following new security briefings. Critics argue the rules remain overly restrictive for Poland’s crypto industry.

Peter Brandt: US Clarity Act Positive but Unlikely to Move Bitcoin Price

Veteran trader Peter Brandt says the US Clarity Act would be a constructive step for crypto regulation but is unlikely to impact Bitcoin’s price significantly. He argues the legislation is largely already priced in and won’t redefine Bitcoin’s value. While supportive of clearer rules for the industry, Brandt remains cautious on price action, suggesting Bitcoin could fall to around $60,000 in 2026, despite long-term benefits from broader regulatory acceptance.

Crypto Industry Backs Senator Cynthia Lummis After Reelection Exit

The crypto industry rallied behind U.S. Senator Cynthia Lummis after she announced she will not seek reelection in 2026. Widely regarded as one of crypto’s strongest allies in Congress, Lummis was praised by industry leaders for pushing regulatory clarity and opposing enforcement-led oversight under Gary Gensler. While supporters expressed disappointment, they stressed that legislative momentum, including market structure reforms, will continue, with key bills expected to advance as early as next year.

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