● BTC briefly breaks through 107,000 USDT, setting a new historical high
According to Binance market data, BTC briefly broke through 107,000 USDT, setting a new historical high.
● The third U.S. state will launch strategic Bitcoin reserve legislation
According to BlockBeats, Dennis Porter, CEO of Satoshi Action Fund, announced that the third U.S. state will officially launch strategic Bitcoin reserve legislation this week. Porter added that he expects at least 10 states to introduce Bitcoin reserve bills and believes such bills will continue to increase.
● Analyst: MicroStrategy is expected to be included in the S&P 500 by 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 will bring about $2.1 billion in ETF passive buying, enhancing market liquidity. Although the company has not yet met the earnings standards for the S&P 500, MicroStrategy is expected to be included in the S&P 500 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 increases its holdings by approximately $1.5 billion, acquiring 15,350 BTC
According to Odaily Planet Daily, MicroStrategy founder Michael Saylor confirmed on the X platform that he has again purchased 15,350 BTC at an average price of $100,386 per coin, achieving a 46.4% QTD return and a 72.4% YTD return. As of December 15, MicroStrategy holds 439,000 BTC, with an average acquisition price of $61,725.
● Report: Bitcoin's average increase during Christmas is 1.3%
According to TechFlow, a report released by CoinGecko shows that Bitcoin has generally shown an upward trend during the Christmas period over the past decade, with an average increase of 1.3% before and after Christmas. Specifically, Bitcoin recorded 7 increases in the week before Christmas, with an increase range of 0.20% to 13.19%; 5 increases after Christmas, with an increase range between 0.33% and 10.86%. The largest increase of 13.19% was recorded before Christmas in 2016, while the largest decrease of 21.30% occurred in 2017. In other years, slight pullbacks of 1.37% and 0.11% were observed before Christmas in 2015 and 2019, respectively, with decreases ranging from 0.04% to 6.42% during the period after Christmas.
● Binance CEO Richard Teng: In the long run, we are still in the early stages of cryptocurrency
Binance CEO Richard Teng stated on social media, "With increasing interest and FOMO, many of my friends are asking if now is a good time to invest in cryptocurrency. I remind everyone: DYOR (Do Your Own Research), ensure you understand this space before participating. In the long run, we are still in the early stages."
● CoinShares: $3.2 billion flowed into digital asset investment products last week
According to Odaily Planet Daily, CoinShares' latest weekly report shows that last week, digital asset investment products continued to see inflows totaling $3.2 billion, marking the 10th consecutive week of inflows. The total inflow for the year to date has reached an astonishing $44.5 billion, more than four times that of any other year. Bitcoin investment products saw total inflows of $2 billion, with total inflows reaching $11.5 billion since the U.S. election. Following recent price increases, Bitcoin short inflows reached $14.6 million, but the total assets under management remain at a low of $130 million. Ethereum has seen $1 billion in inflows for 7 consecutive weeks, with a total inflow of $3.7 billion over 7 weeks, indicating a significant improvement in market sentiment.
