KEYTAKEAWAYS
- The offshore yuan broke through the 7 mark against the US dollar for the first time since 2024, while the onshore yuan hit a new high in over a year.
- The NFT market hit a 2025 low, with a 72% drop in market capitalization for the year.
- A major bull market is expected in 2026, and $1 billion will continue to be invested in buying ETH on dips.
- KEY TAKEAWAYS
- The offshore yuan broke through the 7 mark against the US dollar for the first time since 2024, while the onshore yuan hit a new high in over a year.
- The NFT market hit a 2025 low, with a 72% drop in market capitalization for the year.
- A major bull market is expected in 2026, and $1 billion will continue to be invested in buying ETH on dips.
- DISCLAIMER
- WRITER’S INTRO
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
The offshore yuan broke through the 7 mark against the US dollar for the first time since 2024, while the onshore yuan hit a new high in over a year.
The offshore yuan broke through the 7 mark against the US dollar for the first time since 2024. The onshore yuan broke through 7.01 against the US dollar, reaching a new high since September 2024. The central parity rate of the yuan against the US dollar was 7.0392, an increase of 79 basis points, the highest since September 30, 2024, and the largest increase since August 27, 2025.
Market analysts believe that the weakening US dollar index, the increased resilience of the Chinese economy, and the release of year-end demand for foreign exchange settlement have driven the strong appreciation of the yuan. In the short term, the yuan is expected to maintain a relatively strong trend against the US dollar, but whether it can hold above the 7.0 mark remains to be seen.
The NFT market hit a 2025 low, with a 72% drop in market capitalization for the year.
According to CoinGecko data, the NFT market continued its downward trend in December 2025, with its total market capitalization falling to $2.5 billion, the lowest point of the year and a 72% drop from its January peak of $9.2 billion. Weekly NFT sales in the first three weeks of December did not exceed $70 million, lower than November levels, indicating a significant decline in market participation.
CryptoSlam data shows that the number of unique buyers in the first week of December fell to 184,302 from 204,032 at the end of November, and further decreased to 135,120 in the third week; the number of unique sellers decreased by 35.6% year-on-year, falling below 100,000 for the first time. Transaction volume also declined accordingly, with total transactions falling to 800,000 in the third week, lower than the 1 million transactions at the beginning of the month.
A major bull market is expected in 2026, and $1 billion will continue to be invested in buying ETH on dips.
Trend Research founder Jack Yi tweeted that unrealized losses are short-term, and the long-term trend is bullish.
ETH is currently in a bottoming-out phase, and the team’s research indicates a major bull market is on the horizon in 2026.
He emphasized that their bottom-fishing and top-selling operations this year have been transparent, and stated that they will not miss long-term growth opportunities due to short-term fluctuations.
Jack Yi reiterated that the team plans to continue investing $1 billion to buy ETH on dips, aiming to capture potential gains of thousands of dollars in the future.
