A new week begins with BTC surging, breaking 106000 and setting a new historical record.
This week is a macro week, with a number of central banks led by the Federal Reserve about to announce interest rate decisions. Currently, the futures market shows a 99% expectation of a 25 basis point rate cut by the Federal Reserve. Other important data this week is also worth paying attention to, as the next rate-setting meeting will enter the Trump cycle, during which it is also worth observing whether the U.S. stock market will experience significant fluctuations. Now, ETF inflows are strong, and a strong U.S. stock market is also beneficial for the crypto market.
This week's major events:
On December 16, the BTC scaling solution Stacks opened BTC deposit functionality, marking the first phase of sBTC deployment;
On December 19, the Federal Reserve will announce its interest rate decision;
On December 19, Powell will hold a monetary policy press conference;
Market Outlook: BTC firmly stands at US$100,000, while ETH fails to hold above US$4,000. The market was relatively calm last week, although capital inflows remain scarce. As Christmas approaches, there is a shift in the market towards the end of the year. The options market is stable, and block trading and market interest rates are worth noting. Currently, the implied volatility for major maturities is at a relatively low level, and the short-term implied volatility has significantly decreased, making it a good opportunity to consider buying.
» Virtuals Protocol ($VIRTUAL)
Market Cap: US$2.861 billion
24-hour trading volume: US$328 million
The current price of Virtuals Protocol (VIRTUAL) is US$2.88, with a 24-hour trading volume of US$328,274,244. This indicates a price increase of 22.88% over the past 24 hours and an 82.80% increase over the past 7 days.
VIRTUAL is a token with artificial intelligence (AI) fundamentals and is one of the top gainers among altcoins this month.
According to BeInCrypto's survey results, VIRTUAL has experienced a significant price surge due to demand for tokens related to the trend AI agency narrative.
» Moca Coin ($MOCA)
Market Cap: US$334 million
24-hour trading volume: US$956 million
The current price of Moca Coin (MOCA) is US$0.2159, with a 24-hour trading volume of US$955,717,118. This indicates a price increase of 147.73% over the past 24 hours and a 143.67% increase over the past 7 days.
With more features and use cases being launched, MOCA is expected to enter more mainstream exchanges, and the price may reach around US$10.
MOCA is currently in a stable rising phase and is an investment target worth paying attention to. It is recommended to build positions during price corrections, while also keeping an eye on team dynamics and market trends to adjust investment strategies in a timely manner.
» $ONDO
Market Cap: US$2.972 billion
24-hour trading volume: US$881 million
The current price of Ondo (ONDO) is US$2.07, with a 24-hour trading volume of US$881,463,258. This indicates a price increase of 14.61% over the past 24 hours and a 30.40% increase over the past 7 days.
Tokenized industry leader supported by BlackRock, the core goal is to combine traditional finance with blockchain technology, promoting cryptocurrencies as collateral in traditional financial markets.
Ondo is building the next generation of financial infrastructure to enhance market efficiency, transparency, and accessibility.
As a project associated with Wall Street market makers like Sol Tia, the support from BlackRock gives it strong market potential.
» Hyperliquid ($HYPE)
Market Cap: US$8.944 billion
24-hour trading volume: US$353 million
The current price of Hyperliquid (HYPE) is US$27.07, with a 24-hour trading volume of US$352,682,521. This indicates a price increase of 23.46% over the past 24 hours and a 111.01% increase over the past 7 days.
The altcoin with the largest increase in December is HYPE, which is the native token of the decentralized perpetual exchange Hyperliquid.
It is calculated as the product of price and circulating supply.
