According to CoinMarketCap data, the global crypto market cap is $3.32T, a 1.11% increase over the last day.Bitcoin (BTC) traded between $91,204 and $95,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,941, up by 1.55%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include IQ, AI, and SUI, up by 34%, 17%, and 10%, respectively.Top stories of the day:Bitcoin’s Trump Trade Hit by Rising Yields and Strong U.S. DollarU.S. Bitcoin Mining Companies Hold 25.3% of Global Hashrate in December 2024AI Token Market Cap Reaches $14.88 BillionDollar Rises Ahead of U.S. Employment Data ReleaseU.S. 10-Year Treasury Yield Approaches 5% ThresholdCryptocurrency Market Sentiment Shifts to NeutralCryptoQuant CEO Highlights Zero-Sum Game in Altcoin MarketBlock Poised to Join S&P 500 as First Bitcoin-Holding CompanyCME Predicts High Probability of Fed Maintaining Rates in JanuaryBitcoin Poised for Gains Ahead of U.S. Unemployment Data ReleaseMarket movers:ETH: $3307.39 (-0.30%)XRP: $2.3131 (-0.16%)BNB: $697.64 (-0.05%)SOL: $192.76 (+0.60%)DOGE: $0.33733 (+0.86%)ADA: $0.9614 (+4.43%)TRX: $0.2434 (-0.65%)AVAX: $37.75 (+2.44%)SUI: $5.1162 (+9.91%)TON: $5.294 (+0.55%)

According to CoinMarketCap data, the global crypto market cap is $3.32T, a 1.11% increase over the last day.Bitcoin (BTC) traded between $91,204 and $95,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,941, up by 1.55%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include IQ, AI, and SUI, up by 34%, 17%, and 10%, respectively.Top stories of the day:Bitcoin’s Trump Trade Hit by Rising Yields and Strong U.S. DollarU.S. Bitcoin Mining Companies Hold 25.3% of Global Hashrate in December 2024AI Token Market Cap Reaches $14.88 BillionDollar Rises Ahead of U.S. Employment Data ReleaseU.S. 10-Year Treasury Yield Approaches 5% ThresholdCryptocurrency Market Sentiment Shifts to NeutralCryptoQuant CEO Highlights Zero-Sum Game in Altcoin MarketBlock Poised to Join S&P 500 as First Bitcoin-Holding CompanyCME Predicts High Probability of Fed Maintaining Rates in JanuaryBitcoin Poised for Gains Ahead of U.S. Unemployment Data ReleaseMarket movers:ETH: $3307.39 (-0.30%)XRP: $2.3131 (-0.16%)BNB: $697.64 (-0.05%)SOL: $192.76 (+0.60%)DOGE: $0.33733 (+0.86%)ADA: $0.9614 (+4.43%)TRX: $0.2434 (-0.65%)AVAX: $37.75 (+2.44%)SUI: $5.1162 (+9.91%)TON: $5.294 (+0.55%)

According to BlockBeats, Coindesk analyst James Van Straten noted on January 8 that the cryptocurrency market has been in a bull market since the end of 2024. However, the rising trend in global government bond yields has become increasingly noticeable.

The U.S. 10-year Treasury yield, considered a global benchmark, rose to 4.70% as of Wednesday, nearing a multi-year high. This increase of over 100 basis points has occurred since the Federal Reserve first lowered the federal funds rate in September.

Similarly, the yield on the 30-year UK government bond reached 5.35% this Wednesday, marking its highest level since 1998. This yield has risen by 105 basis points since the Federal Reserve's initial rate cut in September.

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Fellow Binancians,
As part of the #2024withBinance campaign this year, Binance is pleased to launch a new Word of the Day (WOTD) game! All eligible users will equally share a pool of 500,000 Binance Points, which can be used to redeem USDC trading fee rebate vouchers at the Rewards Hub.
The theme of this week is “#2024withBinance”. Read selected articles to learn more about this topic, participate in this week’s WOTD, and grab a share of the rewards.
Activity Period: 2024-12-30 00:00 (UTC) to 2025-01-05 23:59 (UTC)
WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments.
How Does It Work
All eligible users may play up to two WOTD games per day to test their knowledge on the given topic.Users who get a total of five correct answers during the Activity Period are eligible for an equal share of 500,000 Binance Points.
How to Enable the Second WOTD Game
After the first game, click the "Get A New WOTD" button.Share one of the selected articles of the day on social media.Unlock the second WOTD game once the selected article is successfully shared on social media and the shared link is clicked by a third party.
New User Welcome Bonus
In addition, all new users who register for a Binance account using the “WOTD2024” referral code or via this referral link during the Activity Period, will each receive 10% off their spot trading fees. Users may also qualify for additional welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.
Play WOTD Now to Earn Rewards!
Related Readings for This Week’s WOTD
#2024withBinance: Your Crypto Year Wrapped – Milestones, Innovation, and Community
About Binance Points
Binance Points are reward points offered by Binance's loyalty program. Users can accumulate Points by completing tasks, joining activities or completing point-based activities in the Rewards Hub. The Points can be used to claim rewards in the Rewards Shop, such as token vouchers and trading fee rebate vouchers.
Terms & Conditions
Binance reserves the right to modify or cancel the Promotion at any time without prior notice.These terms and conditions (“Activity Terms”) govern users’ participation in this WOTD activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.The WOTD game may not be available in certain countries/regions. Only users from eligible countries/regions who complete account verification shall be able to participate and receive rewards.Users may play up to two WOTD games daily. To unlock the second WOTD game of the day, click on the "Get A New WOTD" button after the first game and share any selected article of the day on social media. The sharing will be deemed successful when the shared link is clicked by a third party.
All Binance Points will be distributed within two weeks after the Activity ends. Users will be able to log in and redeem a variety of rewards using Binance Points via Profile > Rewards Hub. Please note that each Binance Point will expire on the last day of the same month of distribution in the following year, if it is not used to redeem rewards at the Rewards Hub. For more information on Binance Points, please refer to the FAQ.
For the new user welcome bonus: The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. Users may qualify for welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegal bulk account registrations, self dealing, or market manipulation).Binance reserves the right to disqualify any participant found to be engaging in fraudulent activities or violating the platform’s terms of use.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-30