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Bitdeer Technologies Newsroom
Daily Digital Currency Update Summary (2024-12-25)
The Constitutional Court of Black Hills Corp rejected the appeal made by South Korean crypto tycoon Do Kwon regarding the extradition ruling. According to the Black Hills Daily Vijesti, the Constitutional Court unanimously ruled to dismiss the appeal filed by Kwon.
Trump single-handedly "turned the tide": the USA has regained its "Cryptos stronghold"!
① Trump was elected as the President of the USA again, shifting the focus of the Cryptos market back to the USA, expanding the global demand for digital Assets type Funds and Cryptos derivatives contracts. ② Trump supports Cryptos and plans to turn the USA into the "Global Crypto Capital", triggering a trading frenzy and driving global funds to the USA's Cryptos trading market.
Trump's charisma is amazing! He successfully promoted the USA's return to a "dominant position in Cryptos."
Large trades between Bitcoin and USD are more concentrated during USA time; the open interest for CME-Bitcoin and Ethereum Futures has set a historical high.
Greenfire Resources, Hut 8, TeraWulf, MicroStrategy And Other Big Stocks Moving Higher On Tuesday
Express News | The number of Bitcoin left to be mined is less than 1.2 million, with a circulation of over 19.8 million.
Cryptocurrency Market Outlook: Five Things to Watch in 2025.
With the development of the regulatory and technological environment, next year will be a key year for the Cryptos Industry.
The tightening of the American Financial environment puts pressure on altcoins as they bottom out, waiting for a rebound.
In the short term, continuing to observe or buying on dips is a relatively stable strategy.
Solana Dominates Bitcoin, Ethereum in Price Performance and Trading Volume: Glassnode
Affected by multiple factors, Bitcoin continues the decline from last week.
As the market is impacted by multiple factors, the price of Bitcoin has shown fluctuations recently.
Express News | Bloomberg: Bitcoin has seen its first weekly decline since Trump's victory, and the Options market starts to hedge downward.
B.Riley Financial Maintains Bitdeer Technologies(BTDR.US) With Buy Rating, Raises Target Price to $24
U.S. stock market early session | The three major Indexes opened lower and then rose, with the S&P and Dow Jones turning positive first, Broadcom rebounding over 2%; Quantum Computing concept stocks made a comeback, with Rigetti up nearly 28% and QUBT ris
On the evening of the 20th in Peking time, the largest ever "Triple Witching Day" is approaching, with Options worth 6.6 trillion USD about to expire. The year-on-year increase of the USA's November PCE Index is 2.4%, lower than expected. The government shutdown crisis in the USA has resurfaced.
Bitcoin has fallen below 0.1 million dollars, analysts suggest it may drop to 0.09 million dollars in the short term.
Due to the Federal Reserve's cautious stance on interest rate decreases, Bitcoin's price dropped below $0.1 million this Thursday, dragging down the performance of speculative Assets.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
B. Riley Adjusts Bitdeer Technologies Group's Price Target to $24 From $15, Keeps Buy Rating
Aave Price Forecast: Poised for Double-digit Correction as Holders Book Profit
0.1 million dollars is not the end! Will Bitcoin push up to 0.2 million dollars next year?
Bitcoin has had a historic year, rising 135.7% since the beginning of 2024, successfully breaking through the $100,000 mark. However, analysts believe this is not the end, as the crypto is expected to maintain this momentum in 2025.
Bitcoin To Continue Upward Trend Despite Uncertainty In US Crypto Policy
U.S. stock market close | The Federal Reserve takes a hawkish stance, three major Indexes drop together, with the Nasdaq down over 3%; Tesla falls over 8%, leading the decline among Technology giants, while Quantum Computing concept stock, Quantum, soars
The Dow Jones experienced ten consecutive declines, marking the longest streak of losses since 1974. The S&P fell nearly 3%, and the Nasdaq dropped over 3%. Tesla led the tech giants down with a decline of over 8%. The chip index fell nearly 4%, with Broadcom dropping nearly 7%, and NVIDIA initially rose nearly 5% during the day before turning negative. Micron Technology, which provided disappointing guidance for this fiscal quarter, fell over 10% in after-hours trading.
Shares of Stocks in the Broader Software Sector Are Trading Lower Amid Overall Market Weakness Following the Fed's Rate Decision to Cut Rates by 25 Basis Points.