The cryptocurrency market and events affecting the market on December 23, 2024:
Bitcoin price volatility:
Bitcoin price: Bitcoin price slightly decreased to $95,000, due to the "hawkish" stance of the U.S. Federal Reserve (Fed) putting pressure on the market.
Events affecting the market:
SEC fines subsidiary of Jump Trading: The U.S. Securities and Exchange Commission (SEC) fined a subsidiary of Jump Trading $123 million for misleading investors related to LUNA-UST.
Tether invests in Rumble: Tether has invested $775 million in the video platform Rumble, expanding its presence in the digital media sector.
Long-term holder sells Bitcoin: Long-term investors have sold 1 million Bitcoin since September, indicating a shift in investment strategy.
Donations for Trump's inauguration: Many cryptocurrency companies have donated millions of dollars to fund President Donald Trump's inauguration.
BPCE bank offers crypto investment services: France's second-largest bank, BPCE, has launched cryptocurrency investment services for clients, marking a significant step in the acceptance of cryptocurrency in Europe.
These events indicate that the cryptocurrency market is experiencing significant volatility, with increasing participation from traditional financial institutions and important legal moves.