Article reprint source: Trading Moment
1. Market Watch
Keywords: ETH, ETF, BTC
El Salvador, despite reaching an agreement with the International Monetary Fund, continues to accelerate its Bitcoin purchases through ambitious plans. This news coincided with the proposed Bitcoin reserve bill, which, if enacted, could end the four-year boom-bust cycle in the cryptocurrency market.
Currently, the average profit for Bitcoin investors has reached 67,000 US dollars. As the cryptocurrency market expands, experts predict that crypto indices will become a market barometer like the S&P 500. However, major cryptocurrencies like Bitcoin and Ethereum experienced significant pullbacks after the Federal Reserve's recent interest rate cut.
In this regard, veteran trader Peter Brandt is bullish on the Bitcoin-gold ratio, believing the current slump may be temporary, but analyst Justin Bennett warns that if bulls lose momentum, it could decline further.
On the policy front, Senator Cynthia Lummis plans to authorize the Federal Reserve to purchase and hold Bitcoin. Craig Wright, who claims to be the creator of Bitcoin, has been sentenced. President Trump has promised to establish a national strategic Bitcoin reserve, and the German Free Democratic Party is also pushing to integrate digital assets into the country's existing financial framework. Despite the current market downturn, there remains optimism in the industry regarding the maturation of the crypto market in the coming years as institutional investors purchase Bitcoin equivalent to eight years' worth of issuance in 2024.
2. Key Data (as of December 20, 09:25 HKT)
S&P 500: 5,867.08 points (up 23.00% year-to-date)
Nasdaq: 20,109.06 points (up 29.05% year-to-date)
10-year US Treasury yield: 4.559% (up 67.81 basis points year-to-date)
US Dollar Index: 106.593 (up 7.05% year-to-date)
Bitcoin: 96,983.10 US dollars (up 129.46% year-to-date), daily spot trading volume is 97.39 billion US dollars
Ethereum: 3,415.35 US dollars (up 49.70% year-to-date), daily spot trading volume is 59.25 billion US dollars
3. ETF Flows (December 19 EST)
Bitcoin ETF: -647.89 million US dollars
Ethereum ETF: -63.16 million US dollars
4. Important Dates (HKT)
Retail sales month-on-month (December 17, 09:30 PM)
Actual: 0.7% / Previous: 0.5% / Expected: 0.5%
Federal Reserve interest rate decision (December 19, 03:00 AM)
Actual: 4.5% / Previous: 4.75% / Expected: 4.5%
GDP quarterly quarter-on-quarter final value (December 19, 09:30 PM)
Actual: 3.1% / Previous: 3.00% / Expected: 2.80%
Core PCE Price Index month-on-month (December 20, 09:30 PM)
Actual: Pending announcement / Previous: 0.3% / Expected: 0.2%
Personal income month-on-month (December 20, 09:30 PM)
Actual: Pending announcement / Previous: 0.6% / Expected: 0.4%
Personal spending month-on-month (December 20, 09:30 PM)
Actual: Pending announcement / Previous: 0.4% / Expected: 0.5%
5. Hot News
Metaplanet issues 5 billion yen in ordinary bonds to accelerate Bitcoin purchases
Mt. Gox address just transferred nearly 720 BTC, valued at about 69.87 million US dollars
Data: The number of active cryptocurrency users in Hong Kong is currently estimated to be only about 100,000
El Salvador's wallet address increased its holdings by 11 bitcoins, valued at 1.07 million US dollars
The US SEC has approved Hashdex to launch a Nasdaq Bitcoin and Ethereum crypto index ETF
El Salvador officials: Will accelerate the purchase of Bitcoin as a strategic reserve; the official Bitcoin wallet Chivo will be sold or discontinued
A trader who bought UFD for 700 US dollars is now worth over 12.56 million US dollars
The US-listed company reAlpha plans to use up to 25% of its surplus cash to purchase cryptocurrencies
Bitcoin mining company MARA has increased its holdings by 15,574 bitcoins in the last two months, valued at about 1.53 billion US dollars
Bitcoin mining company Hut 8 increased its holdings by 990 BTC, bringing the total reserve value to 1 billion US dollars
Ceffu deposited 2,025 BTC to Binance, approximately 207 million US dollars
Fuel has opened airdrop claims and token staking
Binance Alpha has announced the third batch of projects
Bitwise CIO: This pullback in BTC is just a short-term fluctuation and does not change the long-term bullish trend of the crypto market
Binance user survey: 23.89% of respondents believe AI tokens will dominate market growth in 2025, 16.1% hold Meme coins
Kelp DAO released KERNEL tokenomics, with 55% allocated to community rewards and airdrops
El Salvador reached a 1.4 billion US dollar loan agreement with the IMF, Bitcoin payments will become voluntary
Powell: We are not allowed to own Bitcoin and do not wish to change the law
Trump family's crypto project WLFI announces it is seeking long-term cooperation with Ethena Labs
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