● BTC briefly breaks $106,000, setting a new historical high
According to Odaily Planet Daily, BTC has reached a historical high of $106,000, increasing by about 20% in the past month. Analysts point out that this may benefit from market expectations that the Fed will cut interest rates next week and the anticipation that countries will use Bitcoin as a strategic reserve asset.
● Trump says the U.S. may establish a Bitcoin strategic reserve
According to reports from Wu, Trump stated in an interview with CNBC on Thursday that the U.S. will do some great things in the cryptocurrency space. When asked if a Bitcoin strategic reserve similar to the oil reserve would be established, Trump replied, "Yes, I think it will."
● MicroStrategy may purchase BTC for the first time at an average price exceeding $100,000
According to ChainCatcher, MicroStrategy founder Michael Saylor hinted that the company may soon purchase BTC for the first time at an average price exceeding $100,000.
In the three Mondays from November 25 to December 9, MicroStrategy purchased BTC at an average price of $97,862, $95,976, and $98,783 respectively. SaylorTracker data shows that it has purchased BTC worth between $1.5 billion and $5.7 billion in the last three batches.
As of December 15, the company holds 423,650 BTC, worth over $4.36 billion.
According to PANews, Bitcoin has risen for seven consecutive weeks, marking its longest streak since 2021. As the last important monetary policy week of 2024 approaches, the market will focus on key decisions from several central banks, especially the Fed's interest rate decision and economic outlook.
Here are key time points highly relevant to the market: Thursday 03:00 Fed announces interest rate decision and economic outlook summary; Thursday 03:30 Fed Chair Powell holds a press conference; Friday (exact time TBD) U.S. Personal Consumption Expenditures (PCE) index is released, with an expected core PCE increase of 0.2%, the smallest increase in three months.
According to Odaily Planet Daily, influenced by the expectation of a Fed rate cut, investors have bought stock funds for the sixth consecutive week. Data from the London Stock Exchange shows that net inflows into U.S. stock funds reached $6.36 billion in the past week.
Meanwhile, after a significant purchase of $121.33 billion in the previous week, money market funds saw a net outflow of $2.67 billion. Over the past nine weeks, the U.S. stock market recorded a record inflow of $186 billion.
UBS Global Wealth Management's Americas asset allocation chief Drahota stated that since November, the market has recovered from many unpredictable political and geopolitical events, and the rebound may continue into the first quarter.
According to PANews, Token Unlocks data shows that tokens such as ARB and APE will see large unlocks this week, including:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM on December 16 (UTC+8), accounting for 2.26% of the current circulation, worth about $91.4 million;
ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 PM on December 17 (UTC+8), accounting for 2.16% of the current circulation, worth about $24 million;
Cardano (ADA) will unlock approximately 18.53 million tokens at 8 AM on December 16 (UTC+8), accounting for 0.05% of the current circulation, worth about $20.1 million;
Pixels (PIXEL) will unlock approximately 54.38 million tokens at 6 PM on December 19 (UTC+8), accounting for 7.05% of the current circulation, worth about $12.1 million;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3 PM on December 18 (UTC+8), accounting for 0.44% of the current circulation, worth about $14.7 million;
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3 AM on December 18 (UTC+8), accounting for 0.61% of the current circulation, worth about $6.2 million;
Fusionist (ACE) will unlock approximately 1.8 million tokens at 8 AM on December 18 (UTC+8), accounting for 4.26% of the current circulation, worth about $4.9 million;
Catizen (CATI) will unlock approximately 9.9 million tokens at 8 AM on December 18 (UTC+8), accounting for 4.81% of the current circulation, worth about $4.9 million;
Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8 AM on December 20 (UTC+8), accounting for 1.97% of the current circulation, worth about $2.3 million.
