š Over the next 7 days, altcoins worth $843 million will be unlocked, including SOL, WLD, DOGE, ATOM, SUI, DOT, NEAR, ARB, APE, ENA, and other cryptocurrencies.
š Overnight, the BTC price dropped below $99,000, while the US stock market lost over $1.5 trillion.
The market turmoil was triggered by the hawkish policy of Fed Chair Jerome Powell, who stated that future rate adjustments might be carried out more cautiously, with the path depending on further progress in reducing inflation.
Achieving the target inflation rate may take another one to two years, and a rate hike next year is unlikely.
āļø +1. A bill has been introduced in Ohio to purchase BTC for creating a strategic reserve.
āļø Michael Saylor is ready to advise the Trump administration on cryptocurrencies. š
āļø BlackRock has acquired its first municipal bonds issued via blockchain.
āļø The Australian regulator has filed a lawsuit against Binance for consumer rights violations.
āļø Arthur Hayes released a new article predicting a major correction on January 20, 2025, and expressed doubts about creating a strategic BTC reserve.
āļø The Sonic blockchain (formerly Fantom) has officially launched on the mainnet, allowing users to swap FTM for S at a 1:1 ratio.
āļø Deutsche Bank plans to create an L2 blockchain based on zkSync technology.
āļø Coinbase explained the delisting of wBTC due to the tokenās connections with Justin Sun.
āļø Crypto exchange Crypto.com withdrew its lawsuit against the SEC after its CEO personally met with Trump.
āļø Nvidia launched a new compact supercomputer with generative AI for just $249. š
āļø Kraken exchange has launched the Ink blockchain based on Optimism.
šŖšŗ Tether enters the European market under a different brand ā the company has invested in the stablecoin issuer StablE, which complies with the MiCA crypto regulation rules in Europe. #MiCA #Tether $BTC #stablE
ā”ļøWill Amazon and Microsoft Start Buying Bitcoin?
Amazon shareholders have requested the board of directors to consider creating a strategic Bitcoin reserve for the company at the annual meeting in 2025. They propose allocating "at least 5% of assets" for this purpose.
On December 10, Microsoft shareholders will vote on whether the tech giant should invest in Bitcoin and add it to its balance sheet.
šŗšø Donald Trump plans to appoint David Sacks as the "Crypto Czar." Sacks, a former PayPal executive and decentralization advocate, views Bitcoin as a tool to challenge the traditional financial system.
Sacks has invested in crypto projects through Craft Ventures, including dYdX, Lightning Labs, and River Financial.
Additionally, Sacks will oversee the White House's policies on cryptocurrencies and artificial intelligence. #btc #Trump #davidSacks #DyDx #news $BTC
It was risky: at one point, BTC dropped below $91k š”
The market could have stopped at a simple retest of $100k, but there were too many leveraged long positions (total liquidations reached $718 million).
BTC's market dominance fell below 54%, yet altcoins were almost unaffected during this correction. The market shows a strong inclination toward continuing the bullish trend, which should be confirmed by a swift recovery of BTC above $100k.
A decline in altcoins may only begin if BTC attempts a deeper correction šÆ
ā”ļøThe legendary crypto enthusiast, who witnessed a historic moment back in 2013 when Bitcoin reached the $100 mark, returned to the same spot 11 years later to commemorate a new milestone: $100,000.
ā”ļøThe US Federal Reserve Chairman, Jerome Powell, stated that Bitcoin is speculative and a digital competitor to gold, not the dollar.
Meanwhile, Donald Trump released a statement nominating Paul Atkins for the SEC position. Atkins advocates for supporting digital assets and simplifying regulatory requirements.
šŖ The largest amount of Bitcoin is still held by cryptocurrency exchanges ā 3.5 million BTC, followed by miners with a balance of 2 million BTC, and Bitcoin ETFs in third place, collectively holding nearly 1.2 million BTC.
Of the 1.2 million BTC owned by ETF funds, 500,000 BTC, or about 42%, are held by BlackRock.