Bitcoin News Roundup for Dec. 8, 2020

With bitcoin down 2% from yesterday and weekly inflows to cryptocurrency funds near record highs, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Stories:

Bitcoin Drops 2% as European Stocks See Losses on Brexit Concerns

Bitcoin took a dip Tuesday as traditional markets suffer the jitters over fears of a "no-deal" Brexit.

Crypto Funds Have Seen Record Investment Inflow in Recent Weeks

In the last month, weekly inflows to cryptocurrency funds from institutional investors have been breaking records, according to data reported by Reuters.

Blockstack's Stacks Token Could Be Tradable in US Amid New Blockchain Launch

Blockstack's Stacks token could soon no longer be a security in the U.S. and become available to U.S. investors.

Biden Administration Will 'Ultimately Be Supportive' of Crypto: Circle CEO

On CNBC’s Squawk Box on Monday, Jeremy Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.