● BTC briefly broke through 107,000 USDT, setting a new record
According to Binance market data, BTC briefly broke through 107,000 USDT, setting a new historical high.
According to BlockBeats, Dennis Porter, CEO of Satoshi Action Fund, said that the third U.S. state will formally launch strategic Bitcoin reserve legislation this week. Porter added that he expects at least 10 states to introduce Bitcoin reserve bills and believes that such bills will continue to increase.
● Analyst: MicroStrategy is expected to be included in the S&P 500 in June 2025
According to Odaily Planet Daily, MicroStrategy (MSTR) will officially join the Nasdaq 100 Index on December 23, 2024, becoming the first Bitcoin company to be included in the index.
Analysts expect this to bring about $2.1 billion in passive ETF buying and improve market liquidity. Although the company has not yet met the S&P 500's profitability standards, MicroStrategy is expected to be included in the S&P 500's quarterly adjustment in June 2025 after the new accounting standards take effect in January 2025.
The company currently holds 439,000 bitcoins, worth over $45 billion.
● MicroStrategy increased its holdings of 15,350 BTC for approximately US$1.5 billion
According to Odaily Planet Daily, MicroStrategy founder Michael Saylor confirmed on the X platform that he had purchased another 15,350 BTC at a price of approximately $100,386 per BTC, achieving a QTD return of 46.4% and a YTD return of 72.4%. As of December 15, MicroStrategy held 439,000 BTC at an average purchase price of $61,725.
● Report: Bitcoin rose an average of 1.3% during Christmas
According to TechFlow, a research report released by Coingecko shows that Bitcoin has shown an overall upward trend during the Christmas period over the past decade, with an average increase of 1.3% before and after Christmas. Specifically, Bitcoin rose seven times in the week before Christmas, with an increase ranging from 0.20% to 13.19%; and rose five times after Christmas, with an increase ranging from 0.33% to 10.86%. In 2016, the largest increase before Christmas was 13.19%, while in 2017, the largest drop was 21.30%. In other years, there were small pullbacks of 1.37% and 0.11% before Christmas in 2015 and 2019, respectively, and the decline range after Christmas was between 0.04% and 6.42%.
● Binance CEO Richard Teng: In the long run, we are still in the early stages of cryptocurrency
Richard Teng, CEO of Binance, posted on social media, “With the increase in interest and FOMO, many of my friends are asking if now is a good time to invest in cryptocurrency. Here is a reminder: DYOR (do your own research) and make sure you understand the field before participating. In the long run, we are still in the early stages.”
● CoinShares: Digital asset investment products inflows of $3.2 billion last week
According to Odaily Planet Daily, according to the latest weekly data from CoinShares, digital asset investment products continued to flow in last week, totaling US$3.2 billion, the 10th consecutive week of inflows. The total inflows so far this year have reached a staggering US$44.5 billion, more than four times that of any other year.
Bitcoin investment products saw inflows totaling $2 billion, bringing total inflows since the U.S. election to $11.5 billion. Bitcoin short inflows reached $14.6 million after the recent price rally, but total assets under management remained low at $130 million. Ethereum saw inflows of $1 billion for seven consecutive weeks, bringing the seven-week total to $3.7 billion, with market sentiment improving significantly.
