The Federal Reserve Seeks Feedback on Proposal to Establish Limited "FedNow Accounts" for Certain Financial Institutions

On December 20th, Sean Farrell—Fundstrat’s Director of Cryptocurrency Strategy (reporting to Tom Lee)—stated in the firm’s *2026 Cryptocurrency Outlook* report: “While Bitcoin and the broader crypto market still have strong long-term bullish drivers, liquidity-fueled support is expected to emerge in 2026, we may still need to price in several risks in Q1/Q2 2026, which could create more attractive entry points.” My baseline call: A more notable pullback will hit H1 2026. Bitcoin could drop to $60,000–$65,000, Ethereum to $1,800–$2,000, and SOL to $50–$75. These levels will offer better positioning opportunities ahead of year-end. If this call proves wrong, I still favor a defensive stance, waiting for confirmation signals of a strengthening trend. Year-end targets: ~$115,000 for Bitcoin, ~$4,500 for Ethereum. Within this framework, ETH will show more pronounced relative strength. This makes sense, as Ethereum has more favorable structural fund flow traits: no miner selling pres

Crypto analyst @alicharts noted Monday (Dec 20) that $2,772 is a key support level for Ethereum—if that level breaks, the next supports sit at $2,489 and $1,866, respectively.

CoinDesk reported on December 20th that Wall Street giant Citigroup has updated its digital asset equities report, lowering target prices for some crypto-related stocks amid the recent broad downturn in the crypto market—though it remains bullish on the sector. In a Friday note, analyst Peter Christiansen and his team stated: “Despite recent token volatility, we continue to have a favorable view on digital asset stocks.” Circle Financial (CRCL), issuer of the USDC stablecoin, remains Citigroup’s top pick, with the team reaffirming its $243 price target even as the stock has dropped sharply to $83.60 recently. Christiansen’s next top picks are Bullish (BLSH) and Coinbase (COIN). “We believe BLSH is well-positioned to benefit from growing participation from institutional investors (notably in the U.S.) and traditional finance (TradFi),” he noted. BLSH’s price target was cut from $77 to $67, though it still holds significant upside relative to its current $44 price. COIN’s target re

On December 20, Wintermute trading strategist Jasper De Maere noted Bitcoin could trade between $86k and $92k. For now, overinterpreting technical indicators isn’t wise—more profit-taking is likely over the next two weeks, fueled primarily by year-end portfolio rebalancing and tax-related moves. He anticipates Bitcoin will keep trading sideways until a new catalyst hits, with one potential trigger being the massive options expiration set for late December. De Maere added that while it’s still too early to call a market bottom, early signs of a bottom are starting to show. “In the short term, I’m confident we’re oversold.”

On December 20, spot silver broke through $67 an ounce, hitting a new all-time high with a 2.38% intraday gain. Comex silver in New York surged 3.00% intraday and was last trading at $67.18 an ounce. (FX168)

**December 20 — Chris Yoo, an analyst at Anxin Investment Management, noted that while U.S. inflation remains above target, the labor market is showing signs of weakness— a trend that could prompt the Federal Reserve to cut interest rates further. The delayed release of October and November U.S. nonfarm payroll data confirms what has been clear this year: job growth has stalled. Yoo added that investors should closely track U.S. labor market data for additional signs of softness. Source: Golden Finance**