🆕Overview of the crypto market in 24h:
⏰Friday, December 20, 2024
♨️Overview:
Bitcoin sharply adjusted down to below 96K, triggering a liquidation of over $1B in the past 24h but has recovered to the 97k range, accompanied by an increase in DOM, causing a bloodbath for many Altcoins.
In macro terms, the Bank of England decided to keep interest rates at 4.75%, and the US GDP announcement showed that the US economy remains strong, reducing concerns about economic recession amid the Fed's tightening policy. However, Core PCE remains higher than expected, raising concerns about the continued tightening policy of the Fed in the near future.
♨️ETF Updating (12/19/24):
💰Bitcoin Spot ETF: 🔴$276M
🔹Ethereum Spot ETF: 🔴$61.5M
🎯Weekly Highlights:
▪️Fed announces interest rates and press conference: Current 4.5% | Expected 4.5% | Previous 4.75%
▪️US announces GDP: Current 3.1% | Expected 2.8% | Previous 2.1%
▪️Friday: US announces PCE with estimates higher than the previous one.
▪️SEC approves Hashdex Nasdaq Bitcoin & Ethereum crypto Index US ETF
❇️Top Gainers/Losers:
🟢$MOVE 18% 🔴$PENGU 20%
🟢$MNT 6% 🔴$LDO 16%
🟢$LEO 0.2% 🔴$ENA 14%
🆕Hot News:
- Binance US is reportedly planning to recover in 2025👉Binance US
- TVL on DEXs reached $13.9B, the highest since 09/2022👉Artemis
- MARA has achieved nearly 61% profit this year from BTC. As of 12/18/2024, it has held 44,394 BTC (~$4.5B)👉Mara
- Binance launches Binance Alpha, a Binance Web3 platform introducing several potential projects with a chance to list on Binance👉Binance#BinanceAlphaAlert $BNB