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.
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.
Express News | U.S. stock night trading: Cryptos Concept stocks are rising, MicroStrategy is up nearly 2%; Honda Motor continues to rise over 4%.
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.
Shares of Crypto-related Stocks Are Trading Lower Possibly Amid a Drop in Bitcoin.
Express News | Bloomberg: Bitcoin has seen its first weekly decline since Trump's victory, and the Options market starts to hedge downward.
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.
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
Cipher Mining(CIFR.US) 10% Shareholder Sells US$4.02 Million in Common Stock
$Cipher Mining(CIFR.US)$ 10% Shareholder Bitfury Top HoldCo B.V. sold 550K shares of common stock on Dec 16, 17, 2024 at an average price of $7.32 for a total value of $4.02 million. This
Express News | Federal Reserve Chairman Powell: The Federal Reserve is not allowed to own Bitcoin and does not wish to change the law.
Shares of Crypto-related Stocks Are Trading Lower Amid a Drop in Bitcoin.
MicroStrategy has purchased another 15,359 Bitcoins, bringing the total Hold Positions to 45 billion dollars, and the Chairman is making bold statements again.
On December 16, the company MicroStrategy, which is about to be included in the NASDAQ 100 Index, announced the purchase of 15,350 Bitcoins. The total amount of Bitcoin currently held by the company reaches 0.439 million, valued at approximately 45 billion dollars.
What is the Bitcoin Global Strategy reserve that Trump refers to when discussing the USA? How will it operate?
After the incoming president Trump of the USA reiterated the plan to establish a Bitcoin strategic reserve, Bitcoin set a new historical high of over $107,000 on Monday, sparking enthusiasm among the Cryptos bulls.