1. Market Observation
Keywords: ETH, ETF, BTC
After climbing to $99,500, Bitcoin continues to decline, currently falling below $94,500. The market is also facing challenges, with nearly $300 million in outflows from Bitcoin ETFs in the US.
Institutional attitudes are also polarized. While some companies continue to build Bitcoin reserves, tech giants like Microsoft hold opposing views. Notably, Nexo and 7RCC Global are taking a different approach by launching ESG-oriented Bitcoin ETFs. In the face of market volatility, Pomp Investments founder Anthony Pompliano remains optimistic, anticipating strong performance for Bitcoin in 2025.
The Ethereum market is also showing signs of recovery, with buying momentum gradually increasing. Although prices still face significant downward pressure, interest from institutions, especially large investors, is rising. During this period, the entire crypto industry continues to develop rapidly, with Bitcoin maintaining its dominant position in the market. However, Bitcoin has failed to stabilize above the $100,000 mark, raising concerns about a possible pullback.
Meanwhile, investment enthusiasm in the crypto space remains unabated. Halliburton invests in Bitcoin mining through its Austin subsidiary 360 Energy, and Chinese car dealer Cango plans to expand its crypto business. Bitcoin investments in the UAE have also reached a historic high of $40 billion. As Robert Kiyosaki acknowledges, despite the arrival of the digital age, traditional financial institutions still face many challenges.
Overall, the performance of the Bitcoin and Ethereum markets reflects the contradictory sentiments of investors, with both expectations for new highs and concerns about the risks of a pullback.
2. Key Data (as of December 23, 10:25 HKT)
S&P 500: 5,930.85 points (+20.74% year-to-date)
NASDAQ: 19,572.60 points (+30.55% year-to-date)
10-year US Treasury yield: 4.532% (+64 basis points year-to-date)
US Dollar Index: 107.73 (+6.26% year-to-date)
Bitcoin: $95,487.38 (+119.0% year-to-date), with a daily spot trading volume of $43.499 billion
Ethereum: $3,330.05 (+45.70% year-to-date), with a daily spot trading volume of $22.795 billion
3. ETF Flow (December 20 EST)
Bitcoin ETF: -$277 million
Ethereum ETF: -$75.1159 million
4. Important Dates
The Christmas holidays are coming, starting from Tuesday (24th), the Hong Kong stock market and financial markets in several European countries will close for two and a half days, while the US stock market will close for one and a half days.
5. Hot News
Weekly Preview | MicroStrategy officially joins the NASDAQ 100 index; Ethena (ENA) and Cardano (ADA) will unlock tokens worth tens of millions of dollars
Japanese listed company Metaplanet increases its holdings by 619.7 Bitcoins
A suspected address of Sun Yuchen has redeemed 39,999 ETH from Lido and Etherfi in the past 7 days and deposited it into HTX
Pump.fun co-founder denies rumors of Christmas airdrop
Trump nominates soon-to-depart a16z partner Krishnan as Senior Policy Advisor for AI at the White House Office of Technology Policy
Bezos clarifies $600 million wedding rumor, MicroStrategy founder seizes the opportunity to recommend Bitcoin investment
Arthur Hayes deposits 2 million ENA into Bybit, worth $2.06 million
Securitize proposes to add BlackRock's BUIDL token as collateral for the stablecoin Frax USD
Data: Tokens like MRS, ADA, and ENA will see significant unlocks next week, with MRS unlocking approximately $34.7 million
Wormhole DAO will launch in the first quarter of next year
At least 10 companies are currently considering adopting MicroStrategy's Bitcoin strategy
Decentralized liquidity protocol THORChain releases V3 version
Vitalik: Advocates for building intelligent enhancement tools for humanity, not creating superintelligent life
Analysis: The community is focused on Bitcoin, which may exhibit a “God Candle” trend around Trump's inauguration day
This week's macro outlook: The Christmas season may be fraught with risks, beware of liquidity shortages amplifying market volatility
Yuga Labs co-founder: Has sold some Fartcoin but remains one of the top ten holders
Uniswap L2 network Unichain mainnet will launch in early next year
Blind computation network Nillion mainnet will launch in February 2025
Tether CEO: Tether AI platform website is expected to launch by the end of the first quarter of 2025
IOST releases new token economics: 97% of newly issued tokens will be used for the community
MANTRA's new proposal suggests updating OM token economics, including reducing the on-chain inflation rate to 3%
Among the top 500 tokens by market cap, 10 tokens have fallen over 50% in the last 30 days, 8 of which are Meme coins
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