1/ 🌐 The China Finance 40 Research Institute has recognized the evolution of #cryptocurrency, categorizing it into three types: 🔹 Store of Value 🔹 Utility Tokens 🔹 Stablecoins
2/ 📊 As of Dec 28, 2024, the global crypto market cap stands at $3.43 trillion, equivalent to: ▪️ ~5% of the U.S. stock market ▪️ ~35% of China's stock market
If Bitcoin succeeds in rebounding without breaking away from its main support interval of 91.8K, it is expected to rebound to 104K, where the price imbalance has occurred on a daily basis.
However, the rebound is likely to end up as just a rebound to secure liquidity rather than a strong rally that renews all-time highs, and we weigh in on a scenario where a correction occurs again afterward.#Binance
The CMC cryptocurrency Fear and Greed Index was "neutral" for a second day at 54, ending the "greed" and "extreme greed" marches that began on Nov. 6.#bitcoin
The U.S. Securities and Exchange Commission has finally approved the first spot fund combining Bitcoin and Ethereum.
The Nasdaq listing of the Hashdex Nasdaq Crypto Index U.S. ETF and the listing of the Franklin Crypto Index ETF on the Cboe BZX exchange have been approved, according to the published documents.
Bloomberg's chief ETF analyst, Eric Balchunas, predicted a fund of 80% Bitcoin and 20% Ethereum to be launched in January 25, reflecting the current market cap.#BTCNextMove
Just before the bull market in the past, Bitcoin Dominance has always fallen sharply, sending Bitcoin liquidity into altcoins.
In the bull market in 2017, Dominance continued to fall for nine months, hitting a low, and in the bull market in 2021, it fell for five months, hitting a low
While it is difficult to predict how long Dominance will fall in this bull market, the current situation is just before Dominance falls sharply, indicating that it has entered the bull market's early days.#Bitcoin110KNext?
At the same time that Bitcoin prices are rising, so is the amount of stablecoin transmissions. The influx of stablecoins is supportive of bitcoin prices, and it seems likely that much of this will flow to altcoins. #BTC☀
Currently, it is constantly receiving strong resistance from the 4-hour stick order block. Nevertheless, it maintains a regular arrangement on an hourly basis and is stably supported without leaving 120 EMA. #BTC
Prices have been on the rise since early this morning, driven by a rebound in buying by whales and large ants. The increase in buying by medium-sized whales and ants is particularly noticeable.
On the other hand, the recent activity of large whales is not as volatile as before and has shown relatively limited movement. In this situation, the sideways movement with low volatility without a significant decrease in buying can be interpreted as a positive sign.
Global institutional funds, as well as ETF inflows, appear to be slowly flowing into the market #BTC☀