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December 3, 2024 #今日思路
1. Market Overview
As of December 3, 2024, Bitcoin (BTC) has slightly declined, and the market is experiencing a monthly level adjustment, with BTC's market dominance also fluctuating. Meanwhile, the U.S. government plans to sell $2 billion worth of Bitcoin, which has significantly impacted market sentiment. In contrast, the U.S. stock market is performing strongly, and the trend of a strengthening dollar is becoming increasingly evident, with the RMB exchange rate depreciating to 7.3. President Trump has threatened to impose a 100% tariff on countries that do not use the dollar, which could further affect global market liquidity and stability.
2. Market Highlights
In the current market environment, established cryptocurrencies such as XRP, Hbar, XVC, ZEC, and IOTA have performed well, showing a significant upward trend. Among them, XRP has garnered attention due to institutional ETF applications; if its market cap increases by another 60%, it may surpass Ethereum (ETH) to become the second-largest cryptocurrency in the market. Additionally, Chainlink (LINK) in the Ethereum ecosystem has also seen a substantial rise, as LINK, a decentralized finance (DeFi) oracle, has received enthusiastic support from the market. The recent strong performers in the cryptocurrency space are mostly old coins from 2017, indicating a renewed interest in these assets.
Moreover, animal-themed meme coins such as Moo and Pnut have also seen increases. In particular, Moo's performance on the Coinbase platform has attracted investor attention, while Pnut previously received a retweet from Coinbase. This indicates that Coinbase's wealth creation effect in the U.S. remains strong, and the primary source of speculative funds in the current bull market is still the U.S. market.
In summary, although Bitcoin faces downward pressure, the performance of old coins and emerging assets remains strong, and the trend of diversified investment in the market provides new opportunities for future development.
#市场波动，加仓还是观望？
If anyone feels confused due to market fluctuations, unsure of how to deal with being trapped in positions, or feels misled during their operations, I am Jiu Ge, and I welcome communication.
1. Market Overview
As of December 3, 2024, Bitcoin (BTC) has slightly declined, and the market is experiencing a monthly level adjustment, with BTC's market dominance also fluctuating. Meanwhile, the U.S. government plans to sell $2 billion worth of Bitcoin, which has significantly impacted market sentiment. In contrast, the U.S. stock market is performing strongly, and the trend of a strengthening dollar is becoming increasingly evident, with the RMB exchange rate depreciating to 7.3. President Trump has threatened to impose a 100% tariff on countries that do not use the dollar, which could further affect global market liquidity and stability.
2. Market Highlights
In the current market environment, established cryptocurrencies such as XRP, Hbar, XVC, ZEC, and IOTA have performed well, showing a significant upward trend. Among them, XRP has garnered attention due to institutional ETF applications; if its market cap increases by another 60%, it may surpass Ethereum (ETH) to become the second-largest cryptocurrency in the market. Additionally, Chainlink (LINK) in the Ethereum ecosystem has also seen a substantial rise, as LINK, a decentralized finance (DeFi) oracle, has received enthusiastic support from the market. The recent strong performers in the cryptocurrency space are mostly old coins from 2017, indicating a renewed interest in these assets.
Moreover, animal-themed meme coins such as Moo and Pnut have also seen increases. In particular, Moo's performance on the Coinbase platform has attracted investor attention, while Pnut previously received a retweet from Coinbase. This indicates that Coinbase's wealth creation effect in the U.S. remains strong, and the primary source of speculative funds in the current bull market is still the U.S. market.
In summary, although Bitcoin faces downward pressure, the performance of old coins and emerging assets remains strong, and the trend of diversified investment in the market provides new opportunities for future development.
#市场波动，加仓还是观望？
If anyone feels confused due to market fluctuations, unsure of how to deal with being trapped in positions, or feels misled during their operations, I am Jiu Ge, and I welcome communication.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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