On the second-last day of the year, XRP led the losses in the crypto market as a stronger dollar weighed down global currencies and assets like bitcoin. XRP dropped more than 5% in the past 24 hours, with other cryptocurrencies such as DOGE, SOL, ETH, and BNB also falling. The overall market capitalization fell 3%, while the CoinDesk 20 index shed 3.5%. The strength of the dollar makes traditional investments like U.S. Treasuries or stocks more attractive compared to cryptocurrencies. The lack of rate cuts and a strong dollar have dampened hopes of a continual crypto rally. However, some remain optimistic about long-term crypto policies and believe that the market will be boosted by more corporate firms entering the Bitcoin ecosystem under the new US administration.



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