
1. Market Observation
Keywords: ETH, ETF, BTC
After Bitcoin climbed to $99,500, it continued to retreat and is now below $94,500, with the market facing challenges as nearly $300 million has flowed out of the U.S. Bitcoin ETF.
Institutional attitudes are also polarized. While some companies continue to build Bitcoin reserves, tech giants like Microsoft hold opposing views. Notably, Nexo and 7RCC Global have taken a different approach by launching ESG-oriented Bitcoin ETFs. In the face of market volatility, Pomp Investments founder Anthony Pompliano remains optimistic, expecting strong performance for Bitcoin in 2025.
The Ethereum market is also showing signs of recovery, with buying momentum gradually increasing. Although prices still face significant downward pressure, interest from institutions, especially large investors, is rising. During this period, the entire crypto industry continues to develop rapidly, with Bitcoin maintaining its market dominance. However, Bitcoin's failure to hold the $100,000 mark has raised concerns about a potential pullback.
At the same time, investment enthusiasm in the crypto space remains high. Halliburton is investing in Bitcoin mining through its Austin-based subsidiary 360 Energy, and Chinese car dealer Cango plans to expand its crypto business. Bitcoin investment in the UAE has reached a historic high of $40 billion. As author Robert Kiyosaki acknowledges, despite the arrival of the digital age, traditional financial institutions still face many questions.
Overall, the performance of the Bitcoin and Ethereum markets reflects the contradictory sentiment of investors, with both expectations for new highs and concerns about pullback risks.
2. Key Data (As of December 23, 10:25 HKT)
S&P 500: 5,930.85 points (up 20.74% year-to-date)
Nasdaq: 19,572.60 points (up 30.55% year-to-date)
10-Year U.S. Treasury Yield: 4.532% (up 64 basis points year-to-date)
U.S. Dollar Index: 107.73 (up 6.26% year-to-date)
Bitcoin: $95,487.38 (up 119.0% year-to-date), daily spot trading volume of $43.499 billion
Ethereum: $3,330.05 (up 45.70% year-to-date), daily spot trading volume of $22.795 billion
3. ETF Flows (December 20 EST)
Bitcoin ETF: -$277 million
Ethereum ETF: -$75.1159 million
4. Important Dates
With the Christmas holiday approaching, Hong Kong stocks and financial markets in several European countries will be closed for two and a half days starting Tuesday (24th), while U.S. markets will be closed for one and a half days.
5. Hot News
- Weekly Preview | MicroStrategy Officially Joins Nasdaq 100 Index; Ethena (ENA), Cardano (ADA) to Unlock Tokens Worth Tens of Millions
- Japanese Listed Company Metaplanet Increases Holdings of 619.7 Bitcoins
- Suspected Sun Yuchen Address Redeems 39,999 ETH from Lido and Etherfi in the Last 7 Days and Deposits into HTX
- Pump.fun Co-founder Denies Christmas Airdrop Rumors
- Trump Nominates Soon-to-Depart a16z Partner Krishnan as Senior Policy Advisor for AI at the White House Office of Technology Policy
- Bezos Clarifies $600 Million Wedding Rumor, MicroStrategy Founder Seizes Opportunity to Recommend Bitcoin Investment
- Arthur Hayes Deposits 2 Million ENA into Bybit, Worth $2.06 Million
- Securitize Proposes to Add BlackRock's BUIDL Token as Support for Stablecoin Frax USD
- Data: Tokens like MRS, ADA, ENA Will See Large Unlocks Next Week, with MRS Unlocking Worth Approximately $34.7 Million
- Wormhole DAO Will Launch in Q1 Next Year
- At Least 10 Companies Are Considering Adopting MicroStrategy's Bitcoin Strategy
- Decentralized Liquidity Protocol THORChain Releases V3 Version
- Vitalik: Advocates for Building Smart Augmentation Tools for Humanity, Not Creating Superintelligent Life
- Analysis: Community Expects Bitcoin to Show "God Candle" Trend Around Trump's Inauguration Day
- This Week's Macro Outlook: Christmas Season May Be Fraught with Crisis, Beware of Liquidity Shortages Amplifying Market Volatility
- Yuga Labs Co-founder: Has Sold Some Fartcoin, but Still Among the Top Ten Holders
- Uniswap L2 Network Unichain Mainnet to Launch Early Next Year
- Blind Computing Network Nillion Mainnet to Launch in February 2025
- Tether CEO: Tether AI Platform Website Expected to Launch by the End of Q1 2025
- IOST Releases New Token Economics: 97% of Newly Issued Tokens Will Be Used for the Community
- MANTRA's New Proposal Suggests Updating OM Token Economics, Including Reducing On-Chain Inflation Rate to 3%
- Among the Top 500 Tokens by Market Cap, 10 Tokens Have Fallen Over 50% in 30 Days, 8 of Which Are Meme Coins
Supported by OSL - Hong Kong's largest over-the-counter trading platform, continuously providing regulated digital asset services to the market since 2018.
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