Best Crypto To Buy the Dip: $10 Trillion Vanguard to Allow Bitcoin and Altcoin ETFs Despite Market Crash

The crypto market opened in December with another sharp sell-off, rattled once again by growing macroeconomic uncertainty.

This time, the macro headwinds are coming from Asia. Japan’s two-year government bond yield has surged to its highest level since 2008, and the Yen has strengthened sharply on hawkish signals from the Bank of Japan (BOJ).

That sudden rise in Japanese yields and Yen strength is unravelling the long-running Yen carry trade, a move that’s pushing investors out of risk assets like crypto and equities and driving a wave of global deleveraging.

While retail and short-term holders are panic-selling, on-chain data shows that smart money is using this crash to quietly accumulate some of the best crypto to buy now.

The bulls have also received much-needed respite from an unlikely source, the notoriously anti-crypto Vanguard. After years of antagonism, the $10 trillion asset management firm will allow investments in Bitcoin, Ethereum, Solana and XRP ETFs. 

Why Is Crypto Crashing Today?

The crypto market remains susceptible to macroeconomic factors, especially with liquidity already thin due to high interest rates, the recent government shutdown and over 3 years of the Fed’s balance sheet contraction. 

The yen carry trade involves borrowing in Japanese yen at very low interest rates and investing that money into higher-yielding assets such as US stocks, bonds and crypto. 

For years, this was attractive because the Bank of Japan kept rates near zero. When the BOJ signalled the possibility of a rate hike, Japanese bond yields jumped, and the yen strengthened. 

As borrowing costs rise and the yen moves higher, the carry trade becomes less profitable, and positions are forced to unwind. This reduces liquidity in global markets and pushes investors out of risk assets.

However, several analysts believe the market is approaching a bottom. The last time the Fed cut rates while the BOJ tightened, in July 2024, the resulting unwind of the yen carry trade triggered a sharp Bitcoin selloff, yet the final bottom formed within a week. 

If the same pattern repeats, Into The Cryptoverse’s Benjamin Cowen suggests that the low could arrive by mid-December.

There is also a view that the market may front-run this playbook. Since investors now understand the historical sequence, whales and sophisticated funds could begin accumulating ahead of the expected inflection, potentially kick-starting a new uptrend much sooner.

Best Crypto To Buy Now: Bitcoin, XRP, Chainlink and More

Whales and smart money investors are already buying the dip. 

In this article, we list the best crypto to buy now before the start of a new bull run. 

Bitcoin (BTC)

The Bitcoin price fell to $83,800 over concerns regarding the strengthening Yen and Japanese bonds. 

However, it has already recovered up to above $86,400 at press time, above the 100-week Exponential Moving Average. 

BTC continue to have a strong hidden bullish divergence on its weekly timeframe, both against its RSI and its on-balance volume (OBV). This is a significant bullish signal, especially in the weekly timeframe. 

Notably, the strong buying pressure on Bitcoin from Vanguard cannot be ignored. The firm has over $10 trillion in assets under management, second only to BlackRock. 

Legendary Wall Street Investor and BitMine Chairman Tom Lee continues to be highly bullish on BTC, projecting that the largest crypto will hit a new all-time high before January 2026. 

Ethereum (ETH)

Ethereum continues to be tipped as the best crypto to buy now by many top analysts. 

For starters, ETH is also expected to benefit significantly from Vanguard’s green light to investments in spot Ethereum ETFs.

Moreover, Ethereum traditionally outperforms Bitcoin after the Fed ends its quantitative tightening, owing to a decrease in borrowing costs and the influx of new capital in the market. 

Whales are already buying the dip in ETH. Just today, a whale wallet purchased $120 million worth of Ethereum, data from Lookonchain and Arkham Intelligence reveal. 

Onchain Lens data shows that the so-called Bitcoin OG, who famously shorted the market before the October 11th flash crash, has purchased $220 million worth of ETH. 

Solana (SOL)

Solana (SOL) is also making a strong case for being the best crypto to buy now. 

In just 12 days, the spot Solana ETFs have recorded $637 million in inflows. The institutional demand is set to skyrocket as Vanguard clients can now invest in SOL ETFs and mutual funds. 

SOL’s technicals are also holding better than their Bitcoin and Ethereum counterparts. For instance, its on-balance volume (OBV) is successfully retesting a key support level, while the price is back at a major ascending support. 

The last time the SOL price successfully defended this support trendline, it marked the bottom and started a new bull run. 

XRP ($XRP)

XRP continues to be one of the top cryptocurrencies to buy, especially in light of the US Federal Reserve ending its quantitative tightening. 

The last time the Fed ended its restrictive monetary policy in 2019, XRP was facing headwinds from the SEC’s lawsuit against Ripple. This time, it is one of the most fundamentally sound assets on the market, with more regulatory clarity than most other cryptocurrencies. 

Notably, XRP is also one of the beneficiaries of the Vanguard’s pro-crypto pivot. The XRP ETF asset class has already recorded nearly $700 million in inflows, outperforming SOL ETFs in fewer days. 

Crucially, the Tom DeMark indicator has flashed a “buy” signal in the weekly timeframe, which is a strong signal that the bottom is now in. With the XRP price back at the $2 support, sidelined investors can finally buy without much downside risk. 

Chainlink (LINK)

Chainlink (LINK) is being viewed as one of the most undervalued investments in the crypto market. 

Prominent analyst Dan Gambardello highlights that LINK is typically one of the strongest beneficiaries when the Federal Reserve ends its quantitative tightening cycle.

Now, digital asset firm Grayscale has received approval for its spot LINK ETF, which is expected to go live this week. 

Owing to its technology stack, key role in the DeFi ecosystem and partnership with institutions like SWIF and the Federal Reserve, Chainlink has strong institutional demand and would receive a significant boost from ETFs. 

There is a reason why a whale has purchased $38 million worth of LINK over the past 6 months, data from Onchain Lens reveals. 

Bitcoin Hyper (HYPER)

The new layer-2 coin Bitcoin Hyper (HYPER) rounds out our list of the best crypto to buy now. 

Considering it is a low-cap crypto, HYPER is viewed to have the highest upside potential of any asset on this list. 

However, the demand is already apparent in the early stages of its presale. Bitcoin Hyper has raised nearly $29 million in its Initial Coin Offering behind a string of six-figure buys from whales. This is particularly impressive considering the broader market uncertainty. 

Just recently, a whale swapped 155 ETH, buying $500k worth of HYPER instead. 

Bitcoin Hyper, being the newest BTC layer-2 coin, is also being viewed as a beta bet on Bitcoin. With the BTC price expected to rally towards $150,000 in the coming weeks, HYPER could show a strong correlation with the asset and even outperform it. 

Early presale buyers are viewing Bitcoin Hyper as a multi-bagger play, with many calling it the next 10x crypto. In addition, buyers are also staking their coins and earning 40% annualized returns as passive income. 

For more on the topic, read our full guide to the top crypto to buy today.