Daily market report (December 25, 2024, 10:05 AM)
ChainDD's market report on December 25 shows the comprehensive index from Dedede and CoinMarketCap quotes:
BTC is priced at $97,900.04, up about 2.10% in the last 24 hours;
ETH is priced at $3,470.92, up about 1.93% in the last 24 hours;
BNB is priced at $648.29, up about 2.15% in the last 24 hours;
DOT is priced at $6.83, down about 1.25% in the last 24 hours;
DOGE is priced at $0.3354, up about 0.97% in the last 24 hours.
Cryptocurrency market updates
South African parliament member Mzwanele Manyi: The rise of Bitcoin will devalue gold
South African parliament member Mzwanele Manyi recently posted on X: 'Bitcoin is rising comprehensively. It will devalue gold, which is unstoppable. Therefore, we need to get on this train to hedge against the inevitable devaluation of our gold reserves.
With Bitcoin, we can clear our national debt in two years and have our own funds to promote industrialization.'
The number of cryptocurrency investors in South Korea has surpassed 15 million for the first time, with the daily trading volume of the top five exchanges approaching that of the stock market.
After the U.S. presidential election, the number of cryptocurrency investors in South Korea has exploded, with more than 30% of the population (approximately 51.23 million people) investing in cryptocurrencies. This is the first time the Bank of Korea has released statistics related to cryptocurrencies. The data was collected from business operators based on the (Virtual Asset User Protection Act) that took effect last July.
According to data submitted by the Bank of Korea to the National Assembly's Planning and Financial Committee member, Democratic Party Congressman Lim Kwang-hyun on the 25th, as of the end of 2019, the number of domestic cryptocurrency investors in South Korea had reached 15.59 million by November, an increase of 610,000 from the end of October.
This is the number of investors who have accounts at five major exchanges in the country (Upbit, Bithumb, Coinone, Korbit, Gopax), accounting for the total number of individuals having accounts at multiple exchanges.
The number of domestic cryptocurrency investors increases by about 100,000 each month. By the end of November, based on market valuation, the total amount of cryptocurrencies held by domestic investors reached 102.6 trillion Korean won, with the amount held per person surging to 6.58 million won.
As of the end of November, the scale of funds not invested in cryptocurrencies but held in exchanges was calculated to be 8.8 trillion Korean won.
The trading scale has also significantly increased. In November, the daily average trading volume of domestic cryptocurrency exchanges reached 14.9 trillion Korean won. This is comparable to the total scale of the KOSPI market (9.9214 trillion won) and the KOSDAQ market (6.9703 trillion won) for the same month.
Yonhap: Do Kwon is likely to be extradited to the United States
On December 25, news from Yonhap reported that the constitutional appeal submitted by Do Kwon, the founder of Terraform Labs, in Montenegro has been rejected. The Constitutional Court of Montenegro announced that the unanimous opinion of all judges is to reject Do Kwon's constitutional appeal. This decision means that Do Kwon will stand trial in South Korea or the United States, as decided by the Minister of Justice of Montenegro. Given the previous stance of the Ministry of Justice and other factors, Yonhap believes that Do Kwon is likely to be extradited to the United States.
