🆕Crypto market overview 24h: Powell compares Bitcoin to gold
⏰Friday, December 06, 2024
♨️Overview:
Bitcoin hits ATH and surpasses the psychological threshold of 100K when it reaches the price of 100K4, causing all media both domestically and internationally to report on it. Bitcoin could not maintain the 100K level when closing the daily candle but has made a mark and sent a greeting to the entire financial world. Even Russian President Putin mentioned Bitcoin as a global asset not subject to anyone's control. Incoming President Donald Trump also congratulated Bitcoiners when it hit 100K. The CEO of Binance believes it is still too early. Michael Saylor continues to buy in and firmly believes BTC will reach 13M. The government of El Salvador is still...holding gains when DCAing 1 BTC every day (currently managing ~$600M). Bitcoin also had a crazy session when it adjusted from 100k4 down to 90K (a decrease of 13k in a few hours), causing over 1B in assets to be liquidated with 80% being long positions. There is too much to say about Bitcoin today. What are your thoughts?
In macro news, this week will have important news from the Non-farm report and the unemployment rate of the U.S.
♨️ETF Updating (05/12/24):
💰Bitcoin Spot ETF: 🔴$53.4M
🔹Ethereum Spot ETF: 🟢$22.2M
🎯Weekly Highlights:
▪️Friday: U.S. releases Non-farm report and unemployment rate
▪️Tether mints an additional 1B USDT on the ETH network
❇️Top Gainers/Losers:
🟢$JASMY 42% 🔴$KAIA 16%
🟢$RENDER 17% 🔴$MKR 11%
🟢$WLD 16% 🔴$QNT 10%
🆕Hot News:
- Former CEO of Celsius Mashinsky pleads guilty in fraud case in the U.S.
- Tether launches WDL, a tool for developing Tether and Bitcoin wallets
- PCS launches SpringBoard - An all-in-one platform for creating and launching project tokens on the BNB Chain
