The global cryptocurrency market experienced a 3.3% drop in trading volume over the past 24 hours, reducing total market capitalization to $3.09 trillion. Bitcoin fell below $90,000, marking a 2.3% drop, while Ethereum declined by 2.9% to $3,092. XRP emerged as the day’s top performer, soaring 14.9% to $0.82027, followed by Cardano, up 7.9%. In contrast, Dogecoin recorded a 6% decline, falling to $0.36934.A significant reversal occurred in spot Bitcoin ETFs, with a net outflow of $400.7 million, ending a six-day inflow streak post-U.S. election. Investment firm VanEck remains optimistic, predicting Bitcoin could reach $180,000 by 2025, citing potential repeated all-time highs.PancakeSwap introduced a Telegram Swap Bot, allowing users to trade over 3,000 tokens on BNB Chain directly from the messaging app, enhancing accessibility for both experienced and new traders.Meanwhile, the Hong Kong Monetary Authority (HKMA) issued a stern warning to crypto firms about misusing the term “bank.” Only licensed institutions can legally use “bank” in their business names or descriptions. The HKMA’s move comes after reports of overseas firms misleading the public by falsely claiming to be banks or offering “bank cards.”Stay tuned with MechaNews for more developments in the ever-dynamic crypto world!