š Crypto Market Update ā Dec 25, 2024 š
š Global Market Cap: $3.43T (+3.51%)
š° Bitcoin (BTC):
ā¢ Range: $93,840 - $99,488
ā¢ Current: $98,191 (+4.29%)
š Top Performers:
ā¢ COW: +38%
ā¢ AGLD: +32%
ā¢ PHA: +27%
š Key Market Insights:
1ļøā£ Bitcoin Pullbacks Show Reduced Volatility:
ā¢ Largest pullback this cycle: 32% (Aug 5, 2024).
ā¢ Most corrections stay within a 25% drop.
ā¢ Institutional demand (e.g., spot ETFs) stabilizing price movements.
2ļøā£ Russia Adopts Bitcoin for International Trade:
ā¢ Russiaās Finance Minister confirms BTC is being used in global trade deals.
3ļøā£ ARK Innovation ETF Takes Profits on Tesla:
ā¢ Cathie Wood sold 13,040 Tesla shares.
ā¢ Maintains long-term optimism for Teslaās growth.
4ļøā£ Solana DEX Volume Surpasses $100B (2 Consecutive Months):
ā¢ Highlights Solanaās growing dominance in decentralized trading.
5ļøā£ Floki Announces Institutional ETP in Europe:
ā¢ Collaboration with an anonymous asset manager.
ā¢ Expected launch: Early Q1 2025.
ā¢ Will join DOGE as one of the few meme tokens with institutional backing.
š Market Sentiment Remains Bullish Amid Institutional Confidence! š
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