Trump's inauguration - short-term adjustments in the crypto market?
U.S. presidential candidate Trump will officially take office on January 20, 2025, and market research shows that cryptocurrency prices may undergo adjustments thereafter. Historical data indicates that although markets generally perform strongly in election years, the stock market and other financial assets often cool off in the months following a presidential inauguration. After the U.S. elections, markets typically enter a period of adjustment, and investor sentiment can also be affected.
In this context, it is not difficult to speculate that the cryptocurrency market may also experience similar adjustments. After Trump's inauguration, due to the uncertainty of the global macroeconomic environment, market funds may flow into more traditional asset classes. This trend could exert some pressure on the prices of Bitcoin and other major cryptocurrencies.
Microsoft shareholder vote - a catalyst for Bitcoin to break $100,000?
Recently, QCP released an interesting market perspective, stating that a Microsoft shareholder vote could become a significant catalyst for Bitcoin to break through $100,000. According to reports, Microsoft's shareholders plan to vote on December 10 on whether to incorporate Bitcoin into their balance sheet. Microsoft's shareholders include Vanguard, BlackRock, Fidelity, and others, which have already gained some exposure to crypto assets by investing in companies like MSTR and Coinbase.
If this proposal is ultimately approved, it will undoubtedly provide stronger market recognition for Bitcoin and could trigger a wave of cryptocurrency 'fervor'. With Microsoft as a leading global tech giant, its decision to enter the crypto space will influence market sentiment and attract more institutional investors to Bitcoin. Additionally, since Microsoft's major shareholders already have some exposure to crypto assets, this action may greatly boost the confidence of more traditional institutions.
This corresponds with the recent price increase of Bitcoin. During the Thanksgiving holiday, Bitcoin briefly touched $98,000, breaking this significant psychological threshold. The market's expectation for Bitcoin to surpass $100,000 is clearly brewing.
MicroStrategy: The 'buying wave' of Bitcoin
MicroStrategy, as a steadfast holder of Bitcoin, has always been a focal point for the market. The latest data shows that MicroStrategy has purchased Bitcoin for four consecutive weeks, with a total purchase amount of approximately $1.5 billion, bringing the total amount of Bitcoin purchased to 15,400 BTC. According to its published data, as of December 2, 2024, MicroStrategy's Bitcoin holdings have surpassed 402,100 units, with an average purchase price of $58,263 per unit.
This indicates that MicroStrategy remains firmly optimistic about Bitcoin's future. Even in the face of short-term market fluctuations, it has not chosen to sell Bitcoin but continues to increase its holdings. This strategy shows that MicroStrategy believes in Bitcoin's long-term value and considers the current price level still holds investment value.
XRP's market capitalization exceeds $150 billion - a strong market performance
In addition to Bitcoin, XRP's performance is also noteworthy. XRP's market capitalization has surpassed $150 billion, reaching $154.22 billion, with a remarkable increase. XRP's market cap not only exceeds that of Uber and Siemens but also ranks 114th globally.
XRP's performance once again demonstrates the diversity in the cryptocurrency market. While Bitcoin remains the market leader, alternative coins like XRP are also performing strongly. XRP's surge, especially a 41.77% increase in 24 hours, shows the market's high attention and recognition. This increase reflects investors' optimism regarding XRP's technology and development prospects, and may be related to the entry of some large investors.
BlackRock and MicroStrategy hold over 400,000 BTC
Another key data point is that BlackRock and MicroStrategy currently hold over 400,000 Bitcoins, accounting for 2% of the total supply. This data indicates that an increasing number of institutional investors are beginning to incorporate Bitcoin into their portfolios and are positioning themselves for future market trends by holding large amounts of Bitcoin. In fact, the proportion of Bitcoin ETFs has already accounted for 6% of the total supply, reflecting the growing importance of crypto assets among institutional investors.
MARA's strategic layout - further increasing Bitcoin holdings
As a leading Bitcoin mining company, MARA is also actively positioning itself for Bitcoin acquisitions. According to the latest news, MARA will issue $850 million in convertible senior notes, with part of the funds used to further increase Bitcoin holdings. This move indicates that while MARA continues to expand its Bitcoin holdings, it is also increasing the capacity of its mining facilities to ensure it can benefit from future Bitcoin price increases.
MARA's operations demonstrate the important role of mining companies in the market. By purchasing Bitcoin and expanding capacity, these companies not only secure their own profits but also help drive up the price of Bitcoin.
The U.S. spot Ethereum ETF had a net inflow of 6,521 units yesterday, worth $24.2 million.
The U.S. spot Bitcoin ETF had a net inflow of 4,340 units yesterday, worth $422 million.
BTC: Bitcoin formed a spinning top yesterday, indicating a stalemate in the market between bulls and bears, with an overall downtrend during the day. Volume analysis shows that trading volume is gradually shrinking, indicating a cooling of market sentiment, and bullish momentum has failed to effectively break previous highs. Combining with the MACD indicator, the DIF line has crossed below the DEA line, suggesting a slight advantage for bears, and the red bars continue to expand, indicating a potential continuation of adjustments in the short term. The RSI is around 50, indicating a balanced state between bulls and bears, but leaning towards neutrality and weakness.
Overall, Bitcoin's recent volatile downtrend can be interpreted as trading time for space, with high-level consolidation building momentum for future breakthroughs. The recent market rotation has been rapid, and caution is still needed in the short term; frequent changes in positions should be avoided, while long-term players can overlook short-term trends.
ETH: Ethereum moves in tandem with Bitcoin.
Altcoins: Recently, the altcoin market has performed excellently, with an overall bullish trend and active capital flow. At this time, Bitcoin's market share has slightly decreased, but this does not affect market sentiment; the altcoin season has begun. Although it has not yet reached the most frenzied stage, gradual warming is foreseeable.
With strong liquidity, it is expected that more sectors will rotate in the future. It is advisable to take advantage of slight market corrections to buy low rather than blindly chasing highs, as this strategy is more likely to yield better returns.
Today's Fear and Greed Index: 76 (Extreme Greed)#下一个换谁涨？
