Today's Crypto and Bitcoin News

Bitcoin is currently priced at $97,456, Bitcoin is down -5.60% in the past 24 hours, while Ethereum trades at $3,416, down -5.80%. The Fear and Greed Index decreased from 75 to 74 (Extreme Greed) today, still reflecting bullish market sentiment. Bitcoin hit $2 trillion in market cap in 2024, reaching 14% of gold’s $17 trillion valuation. Companies like Hut 8 are increasing their reserves, with over 10,000 BTC valued at $1 billion. Bitcoin ETFs surpassed $129 billion in assets within one year, outpacing gold ETFs at $128 billion. Solana’s decentralized applications (DApps) earned $365 million in November alone, with memecoin DApps generating $509 million year-to-date. These numbers highlight cryptocurrency’s explosive growth and its impact on global markets.   What’s Trending in the Crypto Community?  MetaMask: Expanded crypto payment card pilot program, allowing US users to pay directly through the wallet. Hut 8: Purchased $100 million worth of BTC, increasing total reserves to $1 billion. Sky: Will focus on fully migrating MKR to SKY next year and launching more subDAOs. Solana’s decentralized applications (DApps) earned $365 million in November alone, with memecoin DApps generating $509 million year-to-date.  Read more: Bitcoin $1M by 2027, IBIT ETF Leads with $36.3B Inflows, WLFI Partners with Ethena Labs, Stablecoins Poised for 2025 Boom: Dec 19  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change MOVE/USDT +27.37% HBAR/USDT +5.52% XRP/USDT +0.37%   Trade now on KuCoin   Hut 8 Hits $1 Billion in Bitcoin Holdings Hut 8 total BTC holdings held in reserve and market value. Source: GlobeNewswire   Hut 8 is a leading Bitcoin miner in North America and now holds over $1 billion in Bitcoin. The company announced on December 19 the purchase of 990 BTC for $100 million. The average cost per Bitcoin was $101,710. This acquisition aligns with their strategy of combining low-cost production with market purchases to increase returns.   Hut 8's CEO, Asher Genoot, emphasized that Bitcoin reserves are a cornerstone of their financial strategy. Hut 8 has scaled operations to lower production costs, aiming to grow holdings at a discount. The company’s reserve expansion reflects a broader trend among institutions treating Bitcoin as a strategic asset.   “As we scale operations and extend our cost advantage in Bitcoin production, we anticipate that the flywheel effect will enable us to grow our holdings organically at a significant discount to market prices,” the Hut 8 CEO said.   Bitcoin’s adoption continues as the United States transitions to a pro-crypto administration under President-elect Donald Trump. Institutions now recognize Bitcoin’s potential for long-term financial growth.   Bitcoin Market Cap Reaches 14% of Gold's Value of $17 trillion  Bitcon vs. gold market capitalization. Image: Galaxy Research.   Bitcoin’s market cap has reached $2 trillion, equaling 14% of gold’s $17 trillion market cap. Bitcoin now ranks seventh among global assets, surpassing Saudi Aramco ($1.8 trillion) and silver ($1.6 trillion). It trails Alphabet ($2.1 trillion) by a narrow margin.   Bitcoin exchange-traded funds (ETFs) now manage $129 billion in assets, exceeding gold ETFs at $128 billion. Bitcoin ETFs achieved this milestone less than a year after their launch in January 2024. By contrast, gold ETFs required two decades to reach similar levels. K33 Research highlights this as a turning point, showing that Bitcoin has overtaken gold ETFs in investor interest.   The broader cryptocurrency market cap stands at $3.8 trillion. Bitcoin dominates with a 54% share, while Ethereum holds 12%. For comparison, Apple and Microsoft lead the global asset rankings at $3.4 trillion and $2.6 trillion, respectively.   BRN analyst Valentin Fournier highlighted strong catalysts for the digital asset market. He noted rising corporate adoption of Michael Saylor’s Bitcoin strategy, with companies adding Bitcoin to their treasury reserves. He also pointed to emerging talks about Bitcoin becoming part of national reserves.   "Looking ahead, we expect heightened volatility as markets adjust to elevated expectations for Donald Trump’s potential presidency,” Fournier said. "Despite short-term turbulence, the long-term outlook remains overwhelmingly bullish, and heavy exposure to bitcoin and ether remains the most compelling strategy for navigating this cycle.”     Bitcoin is now ranked seventh in terms of top assets by market cap. Images: Companies marketcap.com.   Read more: Exploring Bitcoin's Santa Claus Rally 2024 – Will BTC Soar This Festive Season?   Solana DApps and Pump.fun Earn $365 Million in November Revenue Solana DApps revenue in 2024. Source: Syndica   Solana decentralized applications (DApps) generated $365 million in November 2024, led by memecoin launchpad Pump.fun. Pump.fun contributed $106 million, becoming the first Solana DApp to surpass $100 million in monthly revenue. However, the platform faced criticism over inappropriate content shared via livestreams. On November 25, Pump.fun halted live streaming indefinitely. Weekly revenue dropped 66%, from $33.8 million to $11.3 million by month’s end.   Year-to-date, memecoin DApps have earned $509 million, making them the top revenue source on Solana. Telegram bots followed with $300 million, while spot decentralized exchanges (DEXs) contributed $141 million. In January, memecoin DApps earned $600,000. By November, monthly earnings surged to $183 million, a 300-fold increase.   Solana memecoin DApps reached $509 million in revenue year-to-date. Source: Syndica   Solana’s total DApp revenue in 2024 came primarily from decentralized finance (DeFi), accounting for 83.7%. Wallets contributed 9.6%. Infrastructure, NFTs, and gaming made up 6.5%.   Read more: Top Crypto Projects in the Solana Ecosystem to Watch   Conclusion Bitcoin and blockchain technology continue to redefine global finance. Hut 8’s $1 billion Bitcoin reserve highlights institutional trust in crypto. Bitcoin ETFs now manage $129 billion, overtaking gold ETFs and achieving near parity with gold in market cap. Solana’s DApp ecosystem shows rapid growth, with memecoin projects leading revenue generation. These figures emphasize the accelerating adoption of blockchain across industries and its growing role in the global economy.

BTC$97,583.80+0.63%

Bitcoin is currently priced at $101,306, Bitcoin is down -5.40% in the past 24 hours, while Ethereum trades at $3,626, down -6.85%. The Fear and Greed Index decreased from 81 to 75 (Extreme Greed) today, still reflecting bullish market sentiment. The cryptocurrency market is transforming rapidly, driven by groundbreaking innovation, institutional interest, and regulatory advancements. Bitcoin is projected to reach $1 million by 2027 as demand grows and supply remains fixed. BlackRock’s IBIT ETF has shattered records, capturing $36.3 billion in inflows in less than a year. Stablecoins are on the verge of explosive growth in 2025, supported by regulations like MiCA.    What’s Trending in the Crypto Community?  Bitcoin to Hit $1 Million by 2027 with New Adoption Pricing Model Pump.fun became the first Solana protocol to generate more than $100 million in monthly revenue. AI agent startup /dev/agents raised $56 million in a seed round with a $500 million valuation, led by Index Ventures and CapitalG. The tokenized RWA (Real-World Asset) market reached a historic high of $14 billion, a 66% increase from the start of the year. Read more: Bitcoin Hits ATH $108K,Bitcoin ETFs Close to Dominating Gold with $121.8 Billion in AUM, Trump’s $200 Billion U.S. Bitcoin Reserve Plan: Dec 18    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change MOVE/USDT +12.15% ENA/USDT +9.30% OM/USDT +1.34%   Trade now on KuCoin   Bitcoin to Hit $1 Million by 2027 with New Adoption Pricing Model Source: KuCoin   Dr. Murray A. Rudd and Dennis Porter predict Bitcoin will hit $1 million by January 2027. The study points to Bitcoin’s fixed 21-million-coin supply and rising institutional demand as key drivers. Even small daily withdrawals from exchanges could reduce liquidity and drive prices higher. Strategic accumulation by corporations, funds, and governments strengthens this trajectory. Under aggressive assumptions, Bitcoin could exceed $2 million by 2028 and reach multimillion-dollar levels by 2030.   This model focuses on supply-and-demand equilibrium instead of historical trends. It shows how strategic Bitcoin reserves and corporate treasury adoption can impact long-term value. Companies like MicroStrategy are already using leveraged strategies to buy Bitcoin, validating the model. With adoption growing and supply limited, Bitcoin offers massive potential for appreciation.   BlackRock’s IBIT Becomes Decade’s Most Successful ETF with $36.3 Billion Inflows Source: X   BlackRock’s IBIT ETF gained $36.3 billion in net inflows in 11 months, outperforming 2,850 ETFs launched in the last decade. It set a single-day inflow record of $1.1 billion, doubling Fidelity’s FBTC best day of $473.4 million. Bitcoin ETFs in the US now manage $117 billion in assets, close to gold ETFs’ $128 billion.   Analysts credit ETFs with driving Bitcoin’s rapid growth. They give institutions a regulated path to invest in digital assets. IBIT’s performance shows how ETFs are reshaping the crypto space, making Bitcoin more accessible to traditional markets.   Read More: BlackRock's ETF Acquires $418.8M in Bitcoin on December 16   Trump-Backed World Liberty Financial Partners with Ethena Labs Ethena Labs announced the partnership on X. Source: Ethena Labs   World Liberty Financial (WLFI), supported by President-elect Donald Trump, has teamed up with Ethena Labs to integrate sUSDe, a yield-bearing stablecoin. Since November, sUSDe has reached $1.2 billion in supplied assets across Aave Core and Lido instances. WLFI’s governance will vote on using sUSDe as collateral in its Aave instance, enabling loans in USDC and USDT.   Per an announcement posted to X:   “Should it pass, this proposal will enable World Liberty Financial users to benefit from sUSDe rewards and also WLF token rewards. This integration will increase stablecoin liquidity and utilization rates on the protocol, as sUSDe's integration has on Aave's Core instance.”   This collaboration signals confidence in Ethena’s long-term viability, bolstered by WLFI’s acquisition of $600,000 in ENA governance tokens. Even if the vote does not pass, both entities plan to pursue alternative integration opportunities. WLFI co-founder Zak Folkman emphasized the partnership’s goal to democratize financial tools, making decentralized finance more accessible globally. This move positions WLFI as a key player in expanding stablecoin use cases within the DeFi ecosystem.   WLFI also purchased $600,000 worth of Ethena’s ENA tokens, showing confidence in Ethena’s potential. Even if the vote fails, WLFI and Ethena plan further collaborations. WLFI co-founder Zak Folkman said the partnership aims to make decentralized finance tools more accessible worldwide.   Stablecoins Set for Explosive Growth in 2025 Source: Chainalysis   Stablecoins are set to grow rapidly in 2025, driven by clear regulations like the European Union’s MiCA framework. MiCA, effective January 2025, provides rules for stablecoin issuers and opens opportunities for banks to offer custody services.   Tether’s USDT remains dominant but faces challenges under MiCA. Competitors like Circle’s USDC, already MiCA-compliant, could gain market share. Analysts predict the market cap of USDT and USDC could double or triple. Local stablecoins, such as AE Coin in the UAE, are also gaining traction. Stablecoins are moving from niche tools to mainstream financial assets.   Read more: What Is RLUSD? A Comprehensive Guide to Ripple's Stablecoin and Its Impact on XRP   Conclusion The crypto market is evolving rapidly, with rising adoption, growing institutional interest, and clearer regulations. Bitcoin’s path to $1 million, BlackRock’s record-breaking ETF, and the growth of stablecoins and tokenized assets highlight its transformative potential. While volatility remains, blockchain’s role in reshaping global finance continues to expand, offering new opportunities and challenges for investors.

Bitcoin surged to a historic high of $108,353 on December 17th and is currently priced at $106,149, Bitcoin is up 0.08% in the past 24 hours, while Ethereum trades at $3,893, down 2.33%. The Fear and Greed Index decreased from 87 to 81 (Extreme Greed) today, still reflecting bullish market sentiment.  Bitcoin smashed its all-time high of $108,353 on December 17, fueling optimism across markets despite a brief pullback to $106,000. Institutional investors continue to drive Bitcoin adoption through ETFs, record-breaking inflows, and strategic stock acquisitions. Meanwhile, President-elect Donald Trump’s bold plan for a Strategic Bitcoin Reserve signals growing acknowledgment of Bitcoin as a national asset. As Bitcoin dominance rises, related equities like MicroStrategy (MSTR) and Marathon Digital (MARA) soar alongside the cryptocurrency. With predictions of Bitcoin hitting $200,000 by mid-2025, the market stands firmly in a bullish phase.   What’s Trending in the Crypto Community?  Ripple (XRP): USD stablecoin  RLUSD stablecoin launched on December 17. Metaplanet (Japan): A Japanese publicly listed company, Metaplanet will issue ¥4.5 billion in bonds to increase its Bitcoin holdings. Tether (USDT)’s Investment: Tether invests in European stablecoin provider StablR. Strategic Bitcoin Reserve: President-elect Donald Trump’s bold plan for a Strategic Bitcoin Reserve signals growing acknowledgment of Bitcoin as a national asset.  Read more: What Is RLUSD? A Comprehensive Guide to Ripple's Stablecoin and Its Impact on XRP    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change LTC/USDT +6.19% XRP/USDT +2.34% TRON/USDT - 4.96%   Trade now on KuCoin Bitcoin Hits $108K Before Settling at $106K BTC/USD 1-hour chart. Source: Cointelegraph/TradingView   Bitcoin surged to a historic high of $108,353 before dipping over $2,000 to stabilize near $106,000. On-chain data identifies $98,133 as a key support zone, where whales have accumulated over 150,000 BTC. Whalemap’s analytics confirm this price level as a critical buffer for Bitcoin’s upward trajectory.   BTC/USD whale clusters. Source: Whalemap/X   The brief pullback eliminated $70 billion in open interest, with CoinGlass reporting $1.3 billion in liquidated positions. Despite short-term volatility, trading firm QCP Capital remains optimistic, emphasizing that the market's strength outweighs any bearish sentiment. Indicators like the Moving Average Convergence Divergence (MACD) reflect strong underlying momentum, suggesting further gains ahead.   Exchange Bitcoin futures OI (screenshot). Source: CoinGlass   Bitcoin bull market drawdowns. Source: Glassnode   Bitcoin ETFs Close to Dominating Gold with $121.8 Billion in AUM Bitcoin ETFs are closing in on gold ETFs, achieving 88% of their total assets under management (AUM). US Bitcoin spot ETFs now hold over 1.135 million BTC worth $121.83 billion—more than 5% of Bitcoin’s total supply. Inflows hit $2.167 billion in a single week between December 9 and 13, according to Farside Investors.   Gold ETFs in the US market hold $138 billion in AUM, but Bitcoin is gaining ground rapidly. Institutional investors are driving this shift, recognizing Bitcoin as the “digital gold” for the future. Analysts predict this momentum will push Bitcoin to $200,000 by mid-2025 as capital flows into Bitcoin-linked assets continue to rise.   BTC/USDT daily price chart Source: TradingView   Bitcoin-Linked Stocks like Microstrategy See Massive Gains Equities tied to Bitcoin are reaping rewards from the cryptocurrency’s rally. MicroStrategy  (MSTR) saw inflows of $11 million after joining the Nasdaq 100, tripling its daily average. MicroStrategy now holds 439,000 BTC with a 72.4% year-to-date return.   Marathon Digital (MARA) added 11,774 BTC, pushing its stock price up 11% and delivering a 47.6% annual return. Riot Blockchain expanded its holdings to 17,429 BTC, achieving a 37.2% yield for the year. Institutional investors continue to pour money into Bitcoin-linked equities, capitalizing on Bitcoin’s dominant market position.   Trump’s $200 Billion Bitcoin Reserve Plan Sparks Optimism US President-elect Donald Trump plans to leverage the $200 billion Exchange Stabilization Fund (ESF) to establish a Strategic Bitcoin Reserve (SBR). Dennis Porter, founder of the Satoshi Act Fund, revealed Trump’s intention to stabilize the dollar by purchasing Bitcoin through the Treasury.   Porter stated, “Trump will use this fund to buy Bitcoin.”   If Trump does not act, state-level initiatives will move forward, with Pennsylvania and Texas already drafting legislation to create their own reserves. Senator Cynthia Lummis’s proposed Bitcoin Act aims to acquire 200,000 BTC annually over five years to position the US as a Bitcoin leader. Globally, Brazil, Poland, and Japan are considering similar measures to adopt Bitcoin as a national reserve asset.   Bitcoin Price Dominates as Institutional Demand Grows Bitcoin’s dominance continues to rise, with daily charts showing strong support between $102,650 and $103,333. Long positions on Binance outpace short ones, reflecting bullish trader sentiment. The MACD indicator signals positive price momentum, while key psychological support at $100,000 will stabilize any corrections.   With ETFs holding over $121.83 billion and institutional investors driving inflows, Bitcoin’s upward trend remains unstoppable. Stocks like MicroStrategy and MARA are capitalizing on this momentum, and Trump’s proposed Bitcoin reserve further cements Bitcoin’s role as a national asset.   Read more: What Is a Bitcoin ETF? Everything You Need to Know   Conclusion: Bitcoin’s Bullish Trajectory Continues Bitcoin’s all-time high of $108,353 marks the beginning of a new phase of adoption and institutional confidence. ETFs dominate with nearly 88% of gold’s AUM, stocks soar alongside Bitcoin, and Trump’s strategic plan highlights its growing role in global finance. Analysts predict Bitcoin will hit $200,000 by mid-2025, with current price levels offering a launchpad for sustained growth. Bitcoin’s future is clear. It leads the market, attracts record-breaking institutional support, and reshapes global financial systems.

Bitcoin is currently priced at $106,060, Bitcoin is up 1.52% in the past 24 hours, while Ethereum trades at $3,986, up 0.69%. The Fear and Greed Index rose to 87 (Extreme Greed) today, reflecting bullish market sentiment. As Bitcoin surged to a new all-time high of $107,000 on December 16th, MicroStrategy bought 15,350 BTC for $1.5 billion bringing its total to 439,000 BTC worth $45.6 billion. Ripple’s RLUSD stablecoin, is launching on December 17, 2024.    Crypto investment products recorded $3.2 billion in inflows last week marking the 10th straight week of growth. Furthermore, total inflows for 2024 reached $44.5 billion with $20.3 billion in the past 10 weeks alone accounting for 45% of the year’s total. Ethereum products added $1 billion last week hitting seven straight weeks of inflows. Investor confidence is at record highs as crypto markets gain momentum.   What’s Trending in the Crypto Community?  MicroStrategy (MSTR): Purchased approximately 15,350 Bitcoin with about $1.5 billion in cash. Semler Scientific: Purchased 211 Bitcoins again; Riot acquired 667 Bitcoins at an average price of $101,135 per BTC. Solv Protocol: Announced that SOLV will be listed on Hyperliquid. Base Network: TVL broke through $14 billion, setting a new all-time high. Ripple (XRP): Ripple USD (RLUSD) stablecoin will release on December 17.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change BTC/USDT +1.63% XRP/USDT +2.94% TRON/USDT + 2.20%   Trade now on KuCoin MicroStrategy Adds $1.5 Billion in Bitcoin  Source: Michael Saylor on X   MicroStrategy bought 15,350 BTC between December 9 and 15 for $1.5 billion at an average price of $100,386 per Bitcoin. This brings MicroStrategy’s total holdings to 439,000 BTC worth $45.6 billion. The company has spent $27.1 billion on its Bitcoin treasury with an average purchase price of $61,725 per BTC. CEO Michael Saylor remains resolute saying he will continue buying Bitcoin even above $100,000.   On December 9, MicroStrategy added another 21,550 BTC further cementing its dominance as the largest corporate Bitcoin holder. At current prices MicroStrategy’s holdings account for nearly 0.5% of Bitcoin’s fixed supply of 21 million. Their aggressive acquisition strategy reflects deep confidence in Bitcoin’s ability to preserve value and outpace inflation over time.   Source: Michael Saylor on X   Ripple’s RLUSD Stablecoin is Launching on December 17th Source: KuCoin   Ripple will launch its RLUSD stablecoin on December 17, 2024 on the XRP, Ledger and Ethereum networks. Early listings include Uphold, MoonPay, Archax, and CoinMENA with more platforms like Bitso and Bitstamp to follow.     Ripple added Raghuram Rajan, former Reserve Bank of India governor, and Kenneth Montgomery, former Federal Reserve Bank of Boston vice president, to its advisory board. CEO Brad Garlinghouse confirmed RLUSD is fully backed by U.S. dollar deposits, government bonds, and cash equivalents.    Ripple CTO David Schwartz warned of early RLUSD volatility due to limited supply, with some traders willing to pay as much as $1,200 per token. “Please don’t FOMO into a stablecoin,” he said.     RLUSD will launch in the Americas, Asia-Pacific, UK, and Middle East. Ripple is exploring entry into the E.U. pending regulatory approval.   Read more: What Is RLUSD? A Comprehensive Guide to Ripple's Stablecoin and Its Impact on XRP   Bitcoin Enters “Santa Claus Mode” Hitting $107,000 Bitcoin rallied 5% on December 15th reaching $106,554 before stabilizing at $106,000. The surge comes just days after BTC broke through $104,000 on December 5. Bitcoin has climbed over 190% year-to-date. CK Zheng CIO of ZK Square said Bitcoin has entered “Santa Claus mode” as year-end demand increases with investors fearing they will miss out.   Jack Mallers CEO of Strike added to the excitement suggesting that President-elect Donald Trump could issue an executive order on day one to make Bitcoin a U.S. reserve asset.    Mallers said “There’s potential to use a day-one executive order to purchase Bitcoin. It wouldn’t be the size and scale of 1 million coins but it would be a significant position.”   Bitcoin’s December surge signals growing demand from institutional and retail investors as the year closes.   Crypto Investment Products See $3.2 Billion Weekly Inflows Flows by assets (in millions of US dollars). Source: CoinShares   Crypto investment products recorded $3.2 billion in inflows between December 9 and 13. This marked the 10th consecutive week of gains. Total inflows for 2024 hit $44.5 billion with $20.3 billion coming in the last 10 weeks alone.   Bitcoin investment products led with $2 billion in inflows reflecting strong institutional demand. Since the U.S. presidential election Bitcoin-related products have seen $11.5 billion in inflows. Short Bitcoin products recorded inflows of $14.6 million although total assets under management remain at $130 million.   BlackRock’s iShares Bitcoin Trust ETF led inflows with $2 billion while Grayscale’s Bitcoin Trust saw outflows of $145 million. These shifts highlight investor preference for newly launched ETF products.   Flows by countries (in millions of US dollars). Source: CoinShares   Ethereum ETPs Hit $1 Billion Weekly Inflows Ethereum investment products added $1 billion in inflows last week marking the seventh consecutive week of growth. Total inflows for Ether-based products over the seven-week period reached $3.7 billion. Ethereum trades near $4,003 showing steady upward momentum driven by institutional interest and growing use in decentralized finance.   Ethereum products remain the second-largest driver of inflows behind Bitcoin highlighting its utility in smart contracts and DeFi ecosystems.   Read more: What Is an XRP ETF, and Is It Coming Soon?   Global Inflows Reflect Market Confidence The United States led all regions with $3.1 billion in inflows followed by Switzerland with $35.6 million and Germany with $33 million. Sweden recorded the only outflows last week totaling $19 million. These figures underscore the growing global acceptance of Bitcoin and Ethereum as key investment assets.   Institutional players continue to dominate with products like BlackRock’s Bitcoin ETF drawing billions in capital. Investors see Bitcoin and Ethereum as reliable stores of value in volatile markets with Bitcoin outperforming gold and equities year-to-date.   Conclusion Bitcoin’s rise to $106,500 reflects growing institutional confidence and increased global demand. MicroStrategy’s $1.5 billion purchase reinforces Bitcoin’s long-term value as a reserve asset. Crypto investment products saw $3.2 billion in inflows last week bringing 2024’s total to $44.5 billion. Ethereum investment products added $1 billion marking consistent growth for the second-largest cryptocurrency. Speculation on Bitcoin becoming a U.S. reserve asset continues to drive momentum as 2024 approaches.

Bitcoin hit an all-time high of $106,500 on December 15, 2024, driven by speculation that the Trump administration may designate it as a US reserve asset. Currently priced at $104,469, Bitcoin is up 3.10% in the past 24 hours, while Ethereum trades at $3,958, up 2.29%. The Fear and Greed Index rose to 83 (Extreme Greed) today, reflecting bullish market sentiment. With a $2 trillion market cap, Bitcoin is projected to reach as high as $800,000 by 2025, potentially growing to a $15 trillion valuation. MicroStrategy, holding 158,245 BTC, will join the Nasdaq 100 by December 23, while MARA Holdings seeks inclusion after recent major Bitcoin purchases. XRP, supported by the RLUSD stablecoin, is also gaining traction, with its $138 billion market cap expected to grow alongside increased adoption.   What’s Trending in the Crypto Community?  MicroStrategy (MSTR) has been included in the Nasdaq 100 index and will join on December 23, 2024. Bitcoin has broken through $106,500, setting a new all-time high on Monday, December 16, 2024. . Bitwise CEO: AI agents need crypto systems and use stablecoins and Bitcoin for transactions. Lending Protocol Aave: Net inflow surged to $500 million in the past week. NFT Trading Volume: Reached $224.41 million this week, a 16.27% increase from the previous week. OpenSea: Registration of a foundation has sparked airdrop speculation, with a new version possibly launching this month. Read more: What Are AI Agents in Crypto, and the Top AI Agent Projects to Know?    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change BTC/USDT +2.83% FTM/USDT +16.08% AAVE/USDT - 2.71%   Trade now on KuCoin   BTC Hit an All-Time-High above $106K Today Source: KuCoin   Bitcoin hit 106,500 today, reaching an all-time high on December 15, 2024. Perianne Boring, founder of The Digital Chamber, predicts Bitcoin’s fixed supply may drive its price to 800,000 by the end of 2025. She ties this potential surge to Donald Trump implementing his proposed crypto policies.   Boring stated “If Donald Trump is successful in putting forth a lot of the proposals that he's proposed to the [crypto] community the sky's the limit because Bitcoin has a fixed supply.”   The stock-to-flow model forecasts Bitcoin’s price to exceed 800,000 by 2025. At that price Bitcoin’s market cap would hit 15 trillion up from its current 2 trillion. This model estimates Bitcoin scarcity and demand trends.   PlanB the stock-to-flow model creator predicts Bitcoin will average 500,000 across 2025. He also believes Bitcoin’s price could peak at 1 million during this period.   Source: PlanB   Trump and Bitcoin: A New Reserve Asset? Donald Trump might declare Bitcoin as a United States reserve asset through an executive order on day one in office. Jack Mallers, CEO of Strike, revealed this plan during a podcast interview with Tim Pool. Trump could use the "Dollar Stabilization Act" to authorize this move. The proposal suggests the U.S. Treasury and Federal Reserve purchase 200,000 Bitcoin annually over five years. Senator Cynthia Lummis introduced this strategy as part of the Bitcoin Act of 2024. The goal is to accumulate 1 million Bitcoin and hold the reserve for 20 years. This would remove 5 % of Bitcoin’s 21 million fixed supply from circulation.   Mallers stated, "There’s potential to use a day-one executive order to purchase Bitcoin. It wouldn't be the size and scale of 1 million coins but it would be a significant position."   Analysts predict this could cause Bitcoin's price to skyrocket. Perianne Boring, founder of The Digital Chamber, forecasts Bitcoin could hit $800,000 by the end of 2025. This would raise Bitcoin’s market cap to $15 trillion from its current $2 trillion. PlanB, creator of the stock-to-flow model, expects Bitcoin to average $500,000 in 2025 and potentially peak at $1 million. BlackRock, managing $10 trillion in assets, advises a 1 to 2% portfolio allocation to Bitcoin. A 2 % allocation of global reserves, currently valued at $900 trillion, could push Bitcoin to $900,000.   Read More: Donald Trump Backed WLFI Acquires $12 Million in Ethereum, Chainlink, and Aave   Michael Saylor and MARA’s Drive to the Nasdaq 100 Source: Google   MicroStrategy will join the Nasdaq 100 on December 23. The company holds over 158,245 Bitcoin worth $16.7 billion at current prices. MARA Holdings aims to follow this path. MARA invested over $600 million in Bitcoin in the last two months, increasing its market cap to $7.32 billion. MicroStrategy's market cap now stands at $94.77 billion.   Michael Saylor, MicroStrategy founder, said, "I expect $MARA will be the next." MARA’s chairman Fred Thiel added, "We are working hard to get there."   Joining the Nasdaq 100 solidifies a company’s position as one of the 100 largest on the exchange. This inclusion reflects the growing prominence of Bitcoin-centric firms in traditional finance.   RLUSD Stablecoin: Driving XRP Demand into 2025 Source: KuCoin   The RLUSD stablecoin will likely drive demand for XRP heading into 2025. The New York Department of Financial Services approved RLUSD, which will be backed by fiat reserves and short-term Treasury bills. Most RLUSD transactions will occur on the XRP Ledger (XRPL) and the XRP-EVM sidechain. These systems require XRP for gas fees, ensuring consistent demand.   Georgios Vlachos, co-founder of Axelar, explained, "When you do those transfers, you pay for gas in XRP. XRP holders benefit because you burn some XRP every time you do a transaction."   XRP currently has a maximum supply of 100 billion tokens with 57 billion circulating. In November 2024, XRP reached a seven-year high of $2.90, driven by political developments and new ecosystem upgrades. The price later pulled back to $2.45 as the Relative Strength Index hit 95, signaling overbought conditions.   Ripple's RLUSD stablecoin will increase activity on the XRP Ledger. Emerging economies also use stablecoins like RLUSD for transactions and as a hedge against inflation. In December 2024, XRP ranked as the fourth-largest cryptocurrency by market cap at $138 billion, just $2 billion shy of Tether’s $140 billion.   Read More: Ripple’s RLUSD Secures Approval from The New York State Department of Financial Services, Dec 11   Conclusion: Bold Moves Reshaping Crypto Bitcoin and XRP are entering a transformative period fueled by policy changes and technological advancements. Trump’s potential Bitcoin purchase could make it a national reserve asset, potentially driving prices to $800,000 or beyond. XRP's demand will likely grow with the adoption of RLUSD and increased activity in its ecosystem. Institutions like MicroStrategy and MARA are setting new benchmarks for crypto integration into traditional markets. With $900 trillion in global reserves and growing institutional interest, Bitcoin and XRP are positioned for unprecedented growth in 2025.

KuCoin is making waves in the crypto industry, securing the 8th position in DefiLlama's list of the top 10 crypto exchanges by net inflows for 2024. The platform has recorded over $262 million in net inflows so far this year, demonstrating robust user confidence and continued market relevance.   Quick Take KuCoin ranks 8th among top crypto exchanges by net inflows with $262 million in 2024. KuCoin Token (KCS) has risen by over 16% in 2024, reaching a high of $15.70 and currently trading around $13.49. Institutional interest continues to drive market confidence, with larger BTC and USDT deposit sizes. KuCoin's success reflects its innovative features and commitment to user growth. A Strong Year for KuCoin Net inflows so far this year | Source: DefiLlama   DefiLlama's data underscores KuCoin's strength in a competitive market. Amid a dynamic landscape, KuCoin’s consistent inflows reflect its ability to attract and retain users through a combination of innovative features, strategic partnerships, and a user-friendly trading experience. The exchange's spot and futures markets, as well as its educational initiatives like KuCoin Learn, have contributed to its growing popularity among both retail and institutional traders.   KuCoin’s 8th place ranking places it ahead of several notable competitors, highlighting its continued growth and resilience.   KuCoin exchange TVL exceeds $3.5 billion | Source: DefiLlama   Industry Giants Lead the Charge At the top of DefiLlama’s list is Binance, which has achieved an impressive $24 billion in net inflows so far in 2024. This surge is driven by a massive user base of 250 million and increasing interest from institutional investors. Binance attributes its growth to favorable regulatory developments, milestone events like the launch of Bitcoin ETFs, and historic price movements.   Bybit and OKX follow Binance, with inflows of $8.2 billion and $5.3 billion, respectively. Other platforms like BitMEX, Robinhood, and HTX also feature prominently in the rankings, showcasing the diverse nature of the current exchange ecosystem.   KuCoin Token (KCS) Gains Over 16% in a Year KCS price performance | Source: KuCoin   KuCoin Token (KCS) has shown impressive growth over the past year, registering an increase of over 16%. Starting 2024 at under $11, the KCS price surged to a high of over $15.70 and is currently trading around $13.49 at the time of writing. This performance highlights the growing confidence in KuCoin's ecosystem and its native token, driven by the exchange's continued innovation and user engagement.   Institutional Interest Boosts Market Confidence A notable trend in 2024 is the rising interest from institutional investors. According to a CryptoQuant report, the average Bitcoin deposit size on centralized exchanges like Binance has increased from 0.36 BTC to 1.65 BTC. Meanwhile, USDT (Tether) deposits have surged from $19,600 to $230,000. This influx of institutional capital reflects broader market confidence and a growing appetite for digital assets.   KuCoin’s Continued Success KuCoin’s latest Proof of Reserves (PoR) data | Source: KuCoin PoR   KuCoin's achievement of over $262 million in net inflows is a testament to its commitment to providing a secure, innovative, and user-centric platform. With ongoing developments in GameFi, social trading, and educational resources, KuCoin is poised to maintain its position as one of the leading exchanges in the industry.   As 2024 progresses, KuCoin’s performance in net inflows showcases its role as a key player in the growing crypto ecosystem.

Bitcoin is currently priced at $100,002 with a -1.10% decrease in the past 24 hours, while Ethereum trades at $3,881, up +1.31% over the same period. The futures market remains balanced, with a 50.1% long and 49.9% short position ratio. The Fear and Greed Index, a key measure of market sentiment, maintained the sentiment from 83 (Extreme Greed) yesterday to 76 (Extreme Greed) today. The crypto market is undergoing a rapid transformation, fueled by major investments and strategic initiatives. In the past few months alone, institutional players and companies have collectively moved billions into cryptocurrencies and blockchain projects, signaling a new phase of adoption. Highlights include a $12 million purchase by Donald Trump-backed WLFI, Sol Strategies’ 2336% stock surge since July, Chainalysis’ expansion to cover 4 million Solana memecoins in Pump.fun, BlackRock’s $50 billion Bitcoin ETF product, and Avalanche’s $250 million token sale for a groundbreaking upgrade. These developments showcase the growing financial and technical significance of the crypto ecosystem.   What’s Trending in the Crypto Community?  Donald Trump-backed WLFI Purchases $12 Million in Ethereum, Chainlink and Aave Sol Strategies Plans Nasdaq Listing After 2336% Stock Surge Chainalysis Expands Solana Coverage to Pump.fun Memecoins Avalanche Raises $250 Million for Avalanche9000 Upgrade BlackRock's Bitcoin spot ETF has surpassed its gold ETF in size. Meta CEO Mark Zuckerberg donated $1 million to President-elect Trump's inauguration fund.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change ETH/USDT + 2.18% LINK/USDT + 20.14% AAVE/USDT + 17.5%   Trade now on KuCoin   Donald Trump-backed World Liberty Financial (WLFI) Purchases $12 Million in Ethereum, Chainlink, and Aave Source: Arkham   World Liberty Financial (WLFI) Initiative tied to President-elect Donald Trump made a $12 million crypto acquisition. On December 12, WLFI purchased 2631 ETH for $10 million at $3801 per token. The project also acquired 41335 LINK and 3357 AAVE spending $1 million on each.   According to Arkham Intelligence WLFI's holdings now exceed $74.7 million. The portfolio includes 14,576 ETH worth over $57 million 102.9 cbBTC valued at $10.3 million and additional assets like USDC. WLFI’s substantial crypto purchase appears to have influenced market conditions. According to CryptoSlate’s data, both LINK and AAVE recorded price increases exceeding 25% within 24 hours.   Source: Arkham   WLFI aims to position itself as a leader in decentralized finance by offering lending borrowing and digital asset investment services. The initiative plans to launch a stablecoin and DeFi access tools signaling confidence in decentralized systems under favorable US regulations.   Sol Strategies Plans Nasdaq Listing After 2336% Stock Surge Sol Strategies formerly Cypherpunk Holdings announced plans to list on Nasdaq after a 2336% increase in its stock price since July. The company's ticker HODL on the Canadian Securities Exchange benefited from its pivot to the Solana ecosystem.   As of December 11, Sol Strategies holds 142,000 SOL tokens worth $46 million and operates four Solana validators. The company has staked nearly 1 million SOL tokens valued at over $300 million further integrating into the Solana network.   A Nasdaq listing offers access to a broader investor base, improved liquidity and enhanced brand visibility. The move underscores the company's focus on Solana as the next frontier in blockchain innovation.   Chainalysis Expands Solana Coverage to Pump.fun Memecoins Blockchain analytics firm Chainalysis extended its Solana token coverage to include Pump.fun memecoins. The platform now supports compliance tools like Know Your Transaction KYT and Reactor for all Solana Program Library SPL tokens.   Pump.fun has facilitated the creation of over 4 million memecoins generating $93 million in monthly revenue as of November. While the platform is the fastest-growing crypto app ever, 95 % of its tokens reportedly become scams or rugpulls within a day of launch.   Chainalysis aims to mitigate risks by offering complete exposure and tracing for Pump.fun tokens. The expansion enables exchanges to list memecoins with compliance coverage and gives governments tools to investigate fraudulent activities.   Read more: Top Solana Memecoins to Watch   BlackRock Recommends Bitcoin Allocations of Up to 2 % BlackRock managing $11.5 trillion in assets issued its first specific guidance on Bitcoin portfolio allocations. In a report to institutional investors the firm recommended a 1 to 2% allocation for multi-asset portfolios citing Bitcoin's growing importance.   BlackRock compared Bitcoin’s risk profile to mega-cap tech stocks. A 1 to 2% allocation in a 60-40 portfolio offers a balanced risk without excessive exposure. However the firm warned that going beyond 2 % would disproportionately increase portfolio risk.   BlackRock's IBIT product manages $50 billion in assets. The firm's support solidifies Bitcoin's role as a key portfolio asset for institutional investors.   Read More: Ethereum ETFs BlackRock and Fidelity Fuel $500 Million in Two Days   Avalanche Raises $250 Million for Avalanche9000 Upgrade Avalanche raised $250 million in a locked token sale led by Galaxy Digital Dragonfly and ParaFi Capital. The funds will support the Avalanche9000 upgrade set to launch on mainnet December 16.   The upgrade aims to reduce blockchain deployment costs by 99.9 % and transaction costs by 25 times. Over 500 Layer 1 chains across sectors like gaming loyalty payments and real-world asset tokenization are in development on Avalanche.   Avalanche previously raised $230 million in 2021 showing consistent support from leading crypto investors. The Avalanche9000 upgrade promises to revolutionize Layer 1 scalability and cost-efficiency.   Conclusion The crypto market has entered a new phase of growth driven by billions in investments and strategic developments. WLFI now holds over $74.7 million in assets after its $12 million crypto purchase while Sol Strategies’ stock soared 2336 % and its SOL holdings reached $46 million. Chainalysis’ tools now cover over 4 million Solana memecoins and Pumpfun generated $93 million in revenue last month. BlackRock’s Bitcoin ETF product manages $50 billion and Avalanche’s $250 million token sale will launch a highly scalable upgrade. These numbers and initiatives reflect the accelerating pace of crypto adoption and the sector’s expanding role in global finance.

Bitcoin is currently priced at $101,110 with a +4.67% increase in the past 24 hours, while Ethereum trades at $3,831, up +5.60% over the same period. The futures market remains balanced, with a 50.9% long and 49.1% short position ratio. The Fear and Greed Index, a key measure of market sentiment, upgraded the sentiment from 74 (Extreme Greed) yesterday to 83 (Extreme Greed) today. The crypto world is changing fast and transforming traditional finance as well. Cryptocurrency and blockchain technology are redefining global markets. From Bitcoin-backed ETFs like BlackRock and Fidelity buying a record-breaking $500 Million in Ethereum ETF investments and the rise of stablecoins, Citi’s research numbers show how crypto is transforming traditional finance. This article explores three key trends: MicroStrategy joining the Nasdaq 100, Ethereum ETFs driving billions in trading volume, and stablecoins reshaping global finance with trillions in transactions.   What’s Trending in the Crypto Community?  Spot Bitcoin ETFs saw net inflows for nine consecutive days, and spot Ethereum ETFs saw net inflows for twelve consecutive days. MicroStrategy  (MSTR) Joins the Nasdaq 100. ETFs BlackRock and Fidelity Drive $500 Million USD in Ethereum. Stablecoins Rival US Dollar Dominance By 1.4 Trillion in Q1 2024 and continue the trend into 2025 according to Citi Wealth. CEO of BNY Mellon: Tokenization is a major trend in financial markets.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change SUI/USDT + 28.10% XRP/USDT + 5.22% AAVE/USDT + 28.16%   Trade now on KuCoin   MicroStrategy Joins the Nasdaq 100 Source: Eric Balchunas   MicroStrategy  will join the Nasdaq 100 stock index on December 23. This is a major milestone for a company that has shifted its focus to Bitcoin. Since adopting its Bitcoin strategy in 2020, the stock price has surged 2500%. It climbed from about 140 USD per share to over 3600 USD as of December 2024. Bitcoin recently passed 100,000 USD, boosting MicroStrategy further.   Inclusion in the Nasdaq 100 will put MicroStrategy in the Invesco QQQ Trust ETF. This ETF manages 322 billion USD in assets. Institutional investors will now have easier access to MicroStrategy, which holds 152000 Bitcoin valued at over 15.2 billion USD. Analysts predict the company could join the S&P 500 next year if its market capitalization reaches 14 billion USD.   Critics highlight risks. MicroStrategy has 2.4 billion USD in debt, much of it financed at low interest rates around 0.75%.   ETFs BlackRock and Fidelity Drive $500 Million USD in Ethereum Source: The Block   Ethereum  continues to attract institutional investors. BlackRock and Fidelity bought 500 million USD worth of Ethereum in two days. They used Coinbase and its Prime platform to execute these trades.   BlackRock's ETHA ETF recorded 372.4 million USD in trading volume on December 10. Fidelity's FETH ETF added 103.7 million USD in trading volume the same day. Combined, these ETFs accounted for 476.1 million USD in activity. Ethereum traded at 3830 USD on December 11. The price increased 5.1% in 24 hours with 39.3 billion USD in trading volume.   The U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs in May 2024. Institutional inflows into Ethereum now exceed 3 billion USD. Total assets under management for Ethereum ETFs stand at about 12 billion USD.   Citi Wealth Cites Stablecoins Rival US Dollar Dominance By 1.4 Trillion in Q1 and Continues The Trend Source: The Block   Stablecoins now dominate cryptocurrency trading, making up over 80% of total volume. Tether holds a market capitalization of 83 billion USD. Circle’s USDC has 27 billion USD. Combined, these stablecoins handle over 1 trillion USD in monthly transactions.   Citi Wealth reports stablecoins are strengthening the global dominance of the US dollar. Stablecoins backed by US Treasury bills represent 1% of total Treasury purchases today. Regulatory clarity could double stablecoin adoption by 2026. Treasury demand from issuers might surpass 150 billion USD annually.   “Rather than usurping the dollar, therefore, this variety of cryptocurrency could thus make dollars more accessible to the world and reinforce the U.S. currency’s longstanding global dominance."   In Q1 2024, stablecoins processed 5.5 trillion USD in transactions. Visa handled 3.9 trillion USD in the same period. Tether alone accounted for 3.4 trillion USD in transfers. Ripple's RLUSD stablecoin recently received regulatory approval. This approval opens the door for more competition in the stablecoin market.   "Originally, cryptocurrencies such as bitcoin were conceived as rivals to the central bank–issued currencies. Indeed, some believed – and continue to believe – that bitcoin might end the U.S. dollar’s hegemony," the strategists wrote in a new report. "However, stablecoins – which account for more than four-fifths of cryptocurrency trading volume – are challenging that narrative."   Citi points to the fact that the vast majority of stablecoins are pegged to the U.S. dollar while issuers keep both USD and U.S. Treasuries on reserve. They also suggest that if the U.S. government moves to further legitimize stablecoins, that could bolster USD's dominance.   "Greater regulatory clarity could also potentially further boost [stablecoins] appeal. If so, demand for U.S. Treasury bills from stablecoin issuers might grow from around 1% of purchases today," said Citi. "Rather than usurping the dollar, therefore, this variety of cryptocurrency could thus make dollars more accessible to the world and reinforce the U.S. currency’s longstanding global dominance."   Traditional payment providers are adapting fast. Visa partners with Circle to settle transactions using USDC. PayPal launched its PYUSD stablecoin in August 2023. These moves show how traditional and crypto-native systems are converging.   Citi also included data illustrating how widely used stablecoins have become.   "Activity has reached record highs, with $5.5 trillion in value across the first quarter of 2024. By comparison, Visa saw about $3.9 trillion in volume," the strategists said. "In response to this challenge, Visa, PayPal and other traditional providers are adapting by offering stablecoins of their own or settling transactions in other firms’ coins."   Read more: What Is RLUSD? A Comprehensive Guide to Ripple's Stablecoin and Its Impact on XRP   Conclusion Cryptocurrency and blockchain technology are reshaping global finance. MicroStrategy’s 2500% stock price surge and 152,000 Bitcoin holdings highlight Bitcoin’s role in corporate strategy. Ethereum ETFs are driving billions in trading volume and attracting major institutional players. Stablecoins now process trillions in transactions each year while reinforcing the dominance of the US dollar. These trends are not just reshaping finance. They are building the future of the global economy.   Read more: Wise Monkey (MONKY) Airdrop for FLOKI, TOKEN, and APE Holders on December 12: All You Need to Know

Eric Trump, executive vice president of the Trump Organization, addressed the Bitcoin MENA event in Abu Dhabi on December 10. He predicted Bitcoin’s price would hit $1 million per coin driven by its fixed supply of 21 million coins and growing global demand. Trump described Bitcoin as a “store of value, a hedge against inflation and a safeguard against political and natural risks.”   Source: Cointelegraph    Bitcoin’s current price is $97,604 up 160% from January 2024 when it was trading at $37,500. Trump emphasized Bitcoin’s increasing adoption stating that more governments would recognize its potential as a strategic reserve asset by 2030. He predicted early adopters would see significant gains projecting a tenfold increase in value over the next decade.   Quick Takes: Bitcoin to $1 Million: Eric Trump predicts Bitcoin will hit $1 million per coin due to its fixed supply of 21 million coins and increasing global demand. Current Price Surge: Bitcoin trades at $97,604 today, up 160% from $37,500 in January 2024. Global Adoption: Bitcoin adoption grew 87% in 2024, with over 420 million users worldwide. Emerging markets drive growth through remittances and savings. Institutional Involvement: Spot Bitcoin ETFs attracted $33.6 billion in inflows in 2024, with institutional portfolio allocations expected to rise from 4% to 8% by 2025. Scarcity Drives Demand: Only 1.8 million Bitcoin remain to be mined out of the 21 million total supply, making it a unique and finite asset. Bitcoin is reshaping global finance. Eric Trump, executive vice president of the Trump Organization predicts Bitcoin will reach $1 million per coin. Speaking at the Bitcoin MENA event in Abu Dhabi on December 10 Trump highlighted Bitcoin’s fixed supply of 21 million coins, its utility as a store of value and its role as a hedge against inflation and political risks. Trump’s bold prediction reflects the growing recognition of Bitcoin’s transformative potential.   Eric Trump on Bitcoin’s Path to $1 Million Eric Trump addressed Bitcoin MENA and called Bitcoin a global store of value and a safeguard against economic instability. He emphasized its scarcity with a fixed supply of 21 million coins. Trump stated that this limited supply combined with rising demand forms the foundation for his $1 million prediction.   “Bitcoin is not just an asset,” Trump said. “It is a hedge against inflation, political turmoil and acts of nature.” He described Bitcoin as a tool for preserving wealth long-term free from the vulnerabilities of fiat currencies.   Bitcoin trades at $97,604 today up 160% from $37,500 in January 2024. Trump highlighted this growth as evidence of Bitcoin’s rising importance. He predicted that by 2030 more governments would adopt Bitcoin as a strategic reserve asset fueling further demand and price growth.   Read More: Trump’s Win Fuels Crypto Hopes as Bitcoin Hits New Highs and Memecoin Platform Pump.Fun Soars $30.5 million: Nov 7 The Case for Global Bitcoin Adoption Source: KuCoin   Trump’s prediction aligns with Bitcoin’s expanding adoption worldwide. In 2024 spot Bitcoin ETFs attracted $33.6 billion in inflows. Institutional portfolios allocated an average of 4% to Bitcoin, a figure expected to double by 2025.   Emerging markets play a major role. In nations with unstable currencies, Bitcoin is used for remittances and savings. Global adoption rose by 87% in 2024 with over 420 million people owning or using Bitcoin. Trump stressed that early adopters would benefit most. He projected Bitcoin’s value could increase tenfold within a decade creating major opportunities for investors who act now.   Bitcoin’s Scarcity and Strategic Importance Bitcoin’s finite supply sets it apart from fiat currency. Unlike fiat currencies which governments can print without limit Bitcoin’s total supply is fixed at 21 million coins. By December 2024 19.2 million coins had been mined leaving fewer than 1.8 million to be created.   This scarcity increases demand especially as inflation erodes the value of traditional currencies. Central banks and governments are starting to consider Bitcoin as a reserve asset. The US government has discussed creating a Bitcoin reserve which could trigger a global race among nations to secure holdings.   Bitcoin’s Resilience in Challenging Markets Bitcoin remains strong despite market volatility. In 2024 Bitcoin outperformed gold which rose 12% and the S&P 500 which gained 17%. Bitcoin’s 160% increase reflects its ability to attract investors during uncertain times.   Trump noted that Bitcoin offers protection during geopolitical conflicts, economic instability and natural disasters. He described it as essential for safeguarding wealth in a volatile world.   Conclusion Eric Trump’s prediction of Bitcoin reaching $1 million highlights its growing influence in global finance. Bitcoin’s fixed supply, rising adoption and ability to hedge against economic risks position it as a key financial tool. As more governments and institutions adopt Bitcoin its global impact will grow. Trump’s vision at Bitcoin MENA underscores the opportunities for those who invest now and cements Bitcoin’s role in reshaping the future of finance.

Bitcoin is currently priced at $97,375 with a -0.71% decrease in the past 24 hours, while Ethereum trades at $3,628, down -2.26% over the same period. The futures market remains balanced, with a 49.1% long and 50.9% short position ratio. The Fear and Greed Index, a key measure of market sentiment, downgraded the sentiment from 78 (Extreme Greed) yesterday to 74 (Greed) today. The crypto market is accelerating into a transformative phase. Eric Trump predicts Bitcoin will reach $1 million citing its scarcity and global utility. Ripple’s RLUSD stablecoin has secured regulatory approval paving the way for broader adoption in the $200 billion stablecoin market. Bitwise forecasts Bitcoin at $200,000 in 2025 and predicts stablecoins will double their market cap to $400 billion. These developments highlight the rapid evolution of crypto as a dominant force in global finance.   What’s Trending in the Crypto Community?  Michael Saylor of MicroStrategy: Suggests US sell gold reserves to buy at least 20% to 25% of circulating Bitcoin. US spot Bitcoin ETF saw net inflows of $2.74 billion this week, second-largest weekly inflow since launch. BlackRock: Bitcoin can be a potential diversification tool. El Salvador’s Bitcoin Portfolio Reaches $333M.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change SUI/USDT - 1.27% XRP/USDT + 5.54% XDC/USDT + 17.75%   Trade now on KuCoin   Eric Trump Predicts Bitcoin Will Hit $1 Million Eric Trump, executive vice president of the Trump Organization, addressed the Bitcoin MENA event in Abu Dhabi on December 10. He predicted Bitcoin’s price would hit $1 million per coin driven by its fixed supply of 21 million coins and growing global demand. Trump described Bitcoin as a “store of value, a hedge against inflation and a safeguard against political and natural risks.”   Bitcoin’s current price is $97,604 up 160% from January 2024 when it was trading at $37,500. Trump emphasized Bitcoin’s increasing adoption stating that more governments would recognize its potential as a strategic reserve asset by 2030. He predicted early adopters would see significant gains projecting a tenfold increase in value over the next decade.   Read Also: Eric Trump: Procrypto Revolution Under Trump Presidency   Ripple’s RLUSD Secures Approval from The New York State Department of Financial Services Source: KuCoin   Ripple’s RLUSD stablecoin received final approval from the New York State Department of Financial Services on December 12. CEO Brad Garlinghouse confirmed that listings would begin before the end of 2024. RLUSD will operate on the XRP, Ledger and Ethereum providing multi-chain compatibility.   Ripple announced RLUSD in April 2024 and began testing in August. It partnered with seven major exchanges including Uphold Bitstamp and CoinMENA covering over 40 markets globally. Liquidity will be supported by market makers B2C2 and Keyrock ensuring seamless transactions.   Read Also: Ripple’s Legal Battle: What 60 Minutes Didn’t Tell You About XRP   The global stablecoin market is valued at $200 billion in 2024 with USDT dominating 97.5% of the market. RLUSD aims to capture a significant share by offering faster settlement times and lower fees. Ripple plans to leverage its network which processed over $800 billion in cross-border transactions in 2024 to drive RLUSD adoption.   Stablecoin Market to Reach $400 Billion Stablecoins are forecasted to double their market capitalization from $200 billion in 2024 to $400 billion by the end of 2025. The market processed over $2 trillion in payments in 2024 up from $1.3 trillion in 2023 a 54% increase.   US legislation expected in Q1 2025 will clarify stablecoin regulations driving institutional adoption. Cross-border payments which accounted for 65% of stablecoin usage in 2024 are projected to grow 40% annually. RLUSD and other new entrants aim to challenge USDT’s dominance offering faster transaction speeds and broader network compatibility.   Bitcoin to $200,000 in 2025 According to Bitwise Report Source: KuCoin   A Bitwise report forecasts Bitcoin will break $200,000 by the end of 2025. This would mark a 105% increase from its current price of $97,604. The report cites record inflows into spot Bitcoin ETFs which attracted $33.6 billion in 2024. Institutional portfolios allocated an average of 4% to Bitcoin this year, a figure expected to double by 2025.   The report also predicts the US government may establish a Bitcoin reserve triggering a global race among nations to secure Bitcoin. Bitcoin’s scarcity with only 19.2 million coins mined positions it as a key strategic asset.   Ethereum is projected to rise 75% to $7,000 fueled by $18 billion in inflows into spot ETFs and increased activity on Layer-2 solutions like Base and Starknet. Solana, known for its low fees and high throughput, is expected to surge to $750 representing a 150% gain. Solana’s dominance in memecoins and NFT marketplaces contributes to its bullish outlook.   Institutional Growth and Crypto IPOs Coinbase, one of the largest crypto exchanges, is expected to surpass Charles Schwab in valuation by mid-2025. Analysts project Coinbase’s stock to hit $700 a 120% increase from its current price of $316. This growth will be fueled by stablecoin revenues which rose 80% in 2024 and the success of its Layer-2 network Base.   The Bitwise report identifies 2025 as the “Year of the Crypto IPO.” At least five major companies including Circle Kraken and Chainalysis are expected to go public. Combined valuations for these IPOs could exceed $50 billion signaling heightened interest from institutional investors.   Tokenized Assets to Surpass $50 Billion Tokenized real-world assets including US Treasury debt and private credit are projected to surpass $50 billion in 2025. In 2024 these assets processed $15 billion in transactions up 150% from $6 billion in 2023. Wall Street firms are increasingly adopting blockchain for its efficiency and transparency with tokenization offering faster settlements and lower costs.   Conclusion The crypto market is poised for explosive growth. Eric Trump’s prediction of Bitcoin reaching $1 million underscores its scarcity and transformative potential. Ripple’s RLUSD approval positions it to challenge USDT’s dominance in the $200 billion stablecoin market. Bitwise’s forecast of Bitcoin at $200,000 reflects rising institutional interest and technological advancements. With stablecoins set to double their market cap to $400 billion tokenized assets surpassing $50 billion and major crypto IPOs on the horizon 2025 could mark the start of a new era in global finance. These milestones highlight crypto’s accelerating integration into the traditional financial system and its expanding influence worldwide.

Introduction  MicroStrategy strengthens its status as the largest corporate owner of Bitcoin. Between December 2, 2024 and December 8, 2024, MicroStrategy bought 21,550 BTC for $2.1 billion. Its investment was worth $2.1 billion with the company spending an average of $98,783 in each Bitcoin the past week. MicroStrategy holds 423,650 Bitcoin as of December 9, 2024. These holdings are worth $42.36 billion at today’s price of average $100,000 per bitcoin. The company has so far invested $25.6 billion in Bitcoin and has an average purchasing price of $60,324 per Bitcoin since the inception of their investment holdings. MicroStrategy’s various acquisition tactics indicate that the software company has taken a very ambitious approach in its efforts to buy Bitcoin which they’re confident has become a long-term store of value and a better form of currency than fiat money.   Source: Google   Quick Takes  MicroStrategy purchased an additional 21,550 bitcoins worth $2.1 billion in one week from December 2-8, 2024. The balance sheet shows that the company owns 423,650 bitcoins that are valued at $42.36 billion. MicroStrategy has bought $25.6 billion worth of Bitcoin with an average price of $60,324 per bitcoin. Bitcoin surged by 40% within five weeks to touch $100,000. MicroStrategy has gained 20% of its value in the last month and 480% this year. MicroStrategy Makes Big BTC Purchases in December 2024 Source: KuCoin   Between December 2, 2024 and December 8, 2024, MicroStrategy bought 21,550 BTC for $2.1 billion. On average, each Bitcoin’s price in their portfolio is $98,783. This is one of the biggest weekly acquisitions in the company’s history. For this acquisition they utilized cash equivalent of $100 million and issued 5,418,449 shares of MicroStrategy. They did this to raise $2.13 billion from these shares. Discounting fees, which amounted to $5,354 Microstrategy used nearly all the remaining income spent on buying Bitcoin.   This acquisition brings MicroStrategy’s overall holding of this Bitcoin to 423,650. As of now these investments are worth $42.36 billion with each bitcoin priced at an average $100,000.   MicroStrategy has been buying Bitcoin since 2020, and it has directly invested $25.6 billion in the cryptocurrency. Its average purchase price is $60,324 for each Bitcoin. Bitcoin’s price surged by 40% in the last five weeks, where it rose from an average of $70,000 to $100,000. MicroStrategy’s shares increased by 20% in the same period, which is a sign of increased confidence in the company’s Bitcoin approach. From March 26, 2024 the stock has gained 480%. In the same period, the S&P 500 index only rose by 17%. A total of 19.2 million bitcoins are in circulation, and MicroStrategy is now in possession of 2.2%. This makes the company the single largest corporate Bitcoin holder in the entire world.   Read More: MicroStrategy Gains $16.8B as Bitcoin Tops $100K, Base Activity Soars with 8.8M Daily Transactions and $3.6B TVL and More: Dec 6 Microstrategy’s BTC Purchasing Continuity Enhances their Buying Power This financial year MicroStrategy bought Bitcoin for 5 consecutive weeks. This constant buying is indicative of the fact that the company views bitcoin as a store of value in the long run. Bitcoin now makes up almost 100% of MicroStrategy's balance sheet. Bitcoin is preferred by the company more than fiat currencies and conventional investments. It has led to other institutions considering bitcoin as a treasury asset.   Read More: MicroStrategy's Struggles Amid BTC Surge   Market Impact of MicroStrategy’s Actions Bitcoin’s rise past $100,000 has driven new adoption among retail and institutional investors. MicroStrategy’s aggressive accumulation signals confidence in bitcoin’s ability to outperform traditional assets. The company’s stock rose 54% in the two weeks following Bitcoin’s price surge. Analysts expect this upward trend to continue as bitcoin’s price remains strong. MicroStrategy’s actions highlight its role as a market leader in crypto. Its consistent purchases have strengthened bitcoin’s institutional reputation and set a benchmark for corporate adoption.   Read More: MicroStrategy's Bitcoin Holdings and Purchase History: A Strategic Overview   Conclusion  MicroStrategy’s purchase of 2,551 Bitcoins at $2.1 Billion re-establishes the company’s long-term commitment to Bitcoin. The company currently owns 423,650 Bitcoin, which at the current price amounts to $42.36 billion. This investment represents 2.2% of the circulating supply of bitcoin. Furthermore, MicroStrategy’s plan is in part informed by the company’s view that Bitcoin is superior to other mediums of exchange and can overthrow conventional monetary frameworks. These actions demonstrate the involvement of the cryptocurrency in institutional finance and the ability of bitcoin to transform global markets. 

Bitcoin is currently priced at $97,272 with a 3.39% decrease in the past 24 hours, while Ethereum trades at $3,712, down -7.28% over the same period. The futures market remains balanced, with a 48.3% long and 51.7% short position ratio. The Fear and Greed Index, a key measure of market sentiment, maintained 78 (Extreme Greed) today (same level as 24 hours ago). The crypto market is breaking records as Tether leads stablecoins with 109 million USDT wallets across 25 blockchains. MicroStrategy bought 21,550 bitcoin for $2.1 billion in one week. Its holdings now total 423,650 bitcoin. Coinbase sees record trading volumes as Bitcoin tops $100,000 and altcoin activity surges. Needham analysts raise Coinbase’s stock target from $375 to $420.    What’s Trending in the Crypto Community?  MicroStrategy buys 21,550 Bitcoin for approximately $2.1 billion. Polymarket predicts the probability of Ethereum hitting a new all-time high this year has risen to 32%. Stablecoin and Tether’s USDT total market cap surpasses $200 billion hitting a record high. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change SUI/USDT - 12.46% XRP/USDT - 13.8% WLD/USDT - 21.54%   Trade now on KuCoin   Tether USDT Wallets Hit 109 Million and Leads Stablecoin Market, Challenging Bitcoin and Ethereum User Base Source: KuCoin   Tether reports 109 million wallets holding USDT on-chain in Q4 2024. Ethereum wallets stand at 121 million. Bitcoin wallets total 56 million. USDT dominates the stablecoin market with 97.5% of the total supply across 25 blockchains.   Philip Gradwell, head of economics at Tether, said:   “The prevalence of low-balance wallets is a feature, not a bug, highlighting USDT’s accessibility to users who might otherwise be unbanked.”   Centralized platforms host 86 million accounts with on-chain USDT deposits. Exchanges logged 4.5 billion visits in the first three quarters of 2024. Emerging markets accounted for 2.25 billion of these visits. In these regions, users rely on USDT for saving, sending, and shielding against inflation.   Wallet data shows 18.7 million accounts hold balances below $1. Another 31.5 million wallets hold between $1 and $1,000. Together, these small-balance wallets represent 46% of all accounts. Thirty % reactivate periodically, showing consistent use.   High-balance wallets exceed 1.1 million. Most hold between $1,000 and $10,000. Wallets with balances over $10,000 make up less than 1% of the total. USDT surged after the FTX collapse. Users moved to self-custody and assets they trusted. Compared to other stablecoins, USDT leads by a factor of 4. It outpaces competitors in adoption, reliability, and integration.   MicroStrategy Acquires 21,550 More Bitcoin for $2.1 Billion on Dec 9 Source: The Block   MicroStrategy added 21,550 bitcoin between December 2 and December 8, 2024. The purchase cost $2.1 billion. Each bitcoin cost $98,783 on average, including fees. This brings Microstrategy's total bitcoin holdings to 423,650. MicroStrategy spent $25.6 billion in total. Its average cost per bitcoin is $60,324. These holdings account for 2.2% of bitcoin’s circulating supply.   The company funded the purchase by issuing 5,418,449 shares. The share sales generated $2.13 billion. Bitcoin’s price rose 40% in the last five weeks, climbing from $70,000 to $100,000. MicroStrategy’s stock gained 20% during the same period. The stock is up 480% year-to-date.   This marks five consecutive weeks of major bitcoin purchases by MicroStrategy. The company remains the largest corporate bitcoin holder worldwide. Its bitcoin strategy is a key driver of its stock’s performance, which has outpaced the S&P 500’s 17% gain in 2024.   Needham Raises Coinbase Stock Target From $375 to $420 as Altcoin Trading Spikes Needham increased its price target for Coinbase to $420 on December 9 2024. The previous target was $375. Q4 trading volumes are projected to reach $435 billion, a 32% increase from Q3’s $330 billion. Altcoin trading contributed significantly, accounting for 38% of total volume compared to 28% in the previous quarter.   Bitcoin’s price surpassing $100,000 in November drove trading activity. Retail users returned in large numbers, boosting altcoin market participation. Analysts predict Coinbase will post $2.1 billion in revenue and $2.37 EPS for Q4. For 2025, they forecast $8.9 billion in revenue and $9.61 EPS.   Coinbase’s stock climbed 80% in 2024, rising from $175 to $316. Following the November election and Bitcoin’s surge, Coinbase shares jumped 54% in just two weeks. Altcoins like Solana, Cardano, and Avalanche have seen trading volumes increase by 45% over the last quarter. This activity supports Coinbase’s growing revenue base, with retail and institutional users contributing to higher fees and transaction counts.   Conclusion The cryptocurrency market continues its rapid expansion, led by dominant players like Tether, MicroStrategy, and Coinbase. Tether’s 109 million wallets highlight stablecoins’ role as financial tools for both retail and institutional users. MicroStrategy’s $2.1 billion bitcoin purchase demonstrates long-term confidence in the leading cryptocurrency’s value. Coinbase’s record trading volumes and stock growth underline the increasing demand for secure, reliable crypto exchanges. The numbers are clear. Crypto adoption is accelerating. Stablecoins provide access and stability. Bitcoin remains a trusted store of value. Exchanges like Coinbase fuel participation in the global digital economy. These milestones show the transformation of finance, proving that crypto’s role in the future of money is here to stay.

Bitcoin is currently priced at $101,106 with a +1.28% increase in the past 24 hours, while Ethereum trades at $4,004, up +0.20% over the same period. The futures market remains balanced, with a 49.3% long and 50.7% short position ratio. The Fear and Greed Index, a key measure of market sentiment, maintains the sentiment 79 (Extreme Greed) yesterday to 78 (Extreme Greed) today. Bitcoin’s unprecedented climb past $100,000 has triggered record-breaking achievements in DeFi, national investments, and institutional adoption. Liquidium has reached its highest lending volume in months, El Salvador has seen its Bitcoin portfolio's unrealized gains cross $333 million, and U.S. Bitcoin ETFs now hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings. This article explores the technical milestones and figures behind these groundbreaking developments.   What’s Trending in the Crypto Community?  Michael Saylor of MicroStrategy: Suggests US sell gold reserves to buy at least 20% to 25% of circulating Bitcoin. US spot Bitcoin ETF saw net inflows of $2.74 billion this week, second-largest weekly inflow since launch. BlackRock: Bitcoin can be a potential diversification tool. El Salvador’s Bitcoin Portfolio Reaches $333M. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change SUI/USDT - 3.57% XRP/USDT - 4.76% LINK/USDT + 8%   Trade now on KuCoin   El Salvador’s Bitcoin Portfolio Gains $333 Million  Source: X El Salvador's Bitcoin investment strategy has yielded unrealized gains exceeding $333 million following Bitcoin’s price surge. President Nayib Bukele publicly shared the country’s holdings to highlight the financial success of the nation’s bold cryptocurrency adoption. The government has invested $270 million in Bitcoin since September 2021. El Salvador’s portfolio consists of 4,568 BTC, purchased at an average cost of $59,000 per coin. The portfolio’s current value exceeds $456 million, representing a 123% increase in unrealized gains These gains place El Salvador among the most successful national investors in cryptocurrency. The nation has adopted a long-term approach, holding all Bitcoin without selling any of its reserves. This strategy aligns with El Salvador’s broader vision of integrating Bitcoin into its economy and financial system. The country’s embrace of Bitcoin has also boosted tourism and foreign investment, with over $100 million in related economic activity recorded in 2023.   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   U.S. Bitcoin ETFs Surpass Satoshi Nakamoto’s 1.1 Million BTC Holdings with $2.74B  US spot Bitcoin ETFs passed Satoshi Nakamoto in total BTC held. Source: Eric Balchunas on X   For the first time, U.S. spot Bitcoin exchange-traded funds (ETFs) collectively hold more Bitcoin than Satoshi Nakamoto’s estimated 1.1 million BTC. These ETFs have experienced rapid growth, fueled by Bitcoin’s price surge and increasing institutional demand. The combined ETF holdings total 1,105,923 BTC, surpassing Satoshi’s estimated 1.1 million BTC BlackRock’s IBIT ETF leads with 521,164 BTC, representing nearly 47 % of total ETF holdings Grayscale’s converted GBTC fund holds 214,217 BTC, or 19 % of total ETF assets Fidelity’s FBTC fund follows closely with 199,183 BTC, contributing 18 % to the total Total inflows for all ETFs since January exceed $33 billion, with $2.4 billion added in the past week alone December 5 saw $766.7 million in inflows, equal to 7,800 BTC The ETFs now manage over $100 billion in assets, a significant milestone achieved within less than a year since the first spot ETF launched. This institutional interest underscores Bitcoin’s growing appeal as a secure and liquid investment asset. The ETFs’ rapid growth reflects the increasing mainstream acceptance of Bitcoin in global financial markets.   Read more: What Is a Bitcoin ETF? Everything You Need to Know   Satoshi Nakamoto’s Estimated 1.1 Million BTC Holdings Satoshi Nakamoto is estimated to have mined approximately 1.1 million BTC during Bitcoin’s early development. These coins remain unspent, symbolizing the decentralized ethos of the cryptocurrency. Satoshi mined nearly 22,000 blocks between 2009 and 2010 Each block rewarded 50 BTC, resulting in approximately 1.1 million BTC At today’s price of $100,000 per BTC, these holdings are worth over $110 billion Some researchers estimate the actual holdings could range between 600,000 BTC and 1.5 million BTC The analysis of Satoshi’s holdings is based on a distinct “Patoshi Pattern” in early Bitcoin mining activity. This pattern avoided mining consecutive blocks, ensuring network decentralization during its infancy. Despite Bitcoin’s meteoric rise in value, none of Satoshi’s coins have moved, fueling speculation about the founder’s identity and current status.   Read more: Who Is Satoshi Nakamoto, the Inventor of Bitcoin?   DeFi lending on Liquidium hits 4-month high as Bitcoin soars past $100K Source: https://liquidium.fi/   Liquidium’s decentralized lending platform recorded 21 BTC in loans on December 5, marking its highest single-day activity in four months. This surge coincides with Bitcoin’s record-breaking price of over $100,000. Liquidium continues to dominate the Bitcoin-based DeFi space with innovative features and high collateral usage. Runes-backed loans accounted for 57% of daily activity, contributing 12 BTC Ordinals-backed loans made up 43% of the volume, contributing 9 BTC The platform has processed over 63,000 loans since its inception These loans have a cumulative value of 3,378 BTC, worth over $337 million at current prices Runes serve as collateral for over 50 % of all loans on Liquidium Liquidium uses Discreet Log Contracts to ensure secure and transparent lending. The platform allows users to borrow Bitcoin against a variety of assets, including Runes, Ordinals, BRC-20 tokens, and Inscriptions. The native LIQUIDIUM token has risen 25 % in value over the past week, reflecting increased user activity.   Planned upgrades include an instant loan feature that removes lender countersignatures, simplifying access to funds. The Custom Loan V2 update will introduce a gallery-like interface, empowering borrowers and lenders to create and customize loan offers. These advancements aim to increase Liquidium’s user base and daily loan volume.   Conclusion Bitcoin’s surge past $100,000 has ignited a series of significant achievements in the crypto world. Liquidium’s lending volume hit a four-month high of 21 BTC in one day, bolstered by innovative features and rising user adoption. El Salvador’s Bitcoin portfolio has grown by over $333 million in unrealized gains, showcasing the nation’s strategic foresight. U.S. Bitcoin ETFs have surpassed Satoshi Nakamoto’s estimated 1.1 million BTC holdings, reflecting the increasing role of institutional investors in the ecosystem. These milestones highlight Bitcoin’s transformative power and its pivotal role in reshaping the global financial landscape.

Bitcoin continues its remarkable ascent in 2024, crossing the historic $100,000 milestone and sparking predictions that it could surpass $150,000 by year-end. Major institutions and industry experts are bullish, with forecasts ranging from six-figure prices to projections of $1 million or more in the coming years. Here's an in-depth look at the latest Bitcoin price predictions and the key factors driving this bullish sentiment.   Quick Take Bitcoin crossed $100,000 for the first time on Dec. 5, reaching an all-time high of $103,800. ARK Invest, led by Cathie Wood, predicts a minimum price of $124,000 by the end of 2024, driven by institutional adoption and strategic reserve considerations. Market sentiment indicates a 10% chance of Bitcoin hitting $150,000 by year-end. Decentralized prediction markets like Polymarket and Kalshi and technical analysts see $130,000 to $140,000 as achievable price targets in the coming months.   Major Predictions for Bitcoin in 2024-25: How High Can BTC Price Go?  BTC/USDT price chart | Source: KuCoin   Analysts and prediction platforms see Bitcoin breaking past $150,000 as likely, with a potential surge to $250,000 in the coming weeks and months. Here are some major predictions for Bitcoin’s value before the end of the year and into 2025:    1. ARK Invest’s $124,000 Target ARK Invest, led by Cathie Wood, maintains a bullish outlook for Bitcoin. Their latest research indicates a minimum price of $124,000 by December 2024, based on historical performance and the current halving cycle. “Bitcoin’s increasing integration into institutional portfolios signals strong momentum into 2025,” ARK concluded.   Key factors include: Growing institutional adoption, highlighted by Bitcoin ETFs and corporate investments. Potential consideration by the U.S. government to include Bitcoin in its strategic reserves. 2. Traders Eye $130,000–$140,000 Range Popular crypto analysts are optimistic about Bitcoin's next move. Jelle, a well-known cryptocurrency trader, anticipates a bullish pennant breakout that could propel Bitcoin's price to approximately $130,000. This projection is based on technical analysis of current market patterns, suggesting a continuation of the upward trend. Aksel Kibar, a Chartered Market Technician, identifies $137,000 as the next significant resistance level for Bitcoin. He considers the $100,000 mark to be more of a psychological barrier than a technical one, implying that surpassing it could lead to further gains. These predictions align with technical indicators that signal Bitcoin’s continued upward trajectory.   Fibonacci Extensions: $154,250 Technical analysts point to historical Fibonacci levels to forecast Bitcoin's next move. Bitcoin recently broke the 1.618 Fibonacci extension at $101,562, setting the 2.618 level at $154,250 as the next milestone. 3. Analyst Predictions for BTC Price Ki Young Ju, CEO of CryptoQuant, predicts Bitcoin could rise to $146,000 by leveraging fresh capital inflows and growth in Bitcoin’s realized cap. Ju noted that Bitcoin’s realized cap growth pushed the ceiling price from $129,000 to $146,000 in just 30 days. Tom Lee, at Fundstrat, predicts Bitcoin will hit $150,000 in 2024 and $250,000 by 2025, citing the halving cycle’s “sweet spot.” Lee emphasizes the compounding impact of supply reductions and strong market momentum, which historically drive post-halving price surges. Bernstein: $200,000 by Late 2025 Bernstein analysts forecast Bitcoin reaching $200,000 by 2025, attributing their bullish outlook to:   Institutional adoption, with companies like BlackRock and MicroStrategy leading the charge. Pro-crypto regulatory shifts, including Paul Atkins’ appointment as SEC chair under President Trump. 4. Prediction Markets Target $128,000–$150,000 Kalshi’s prediction for Bitcoin price | Source: Kalshi    Data from Kalshi, a leading prediction platform, shows that consensus estimates place Bitcoin’s year-end price at $128,000. A notable 10% of participants predict BTC could exceed $150,000 by the end of 2024. Over the past month, sentiment has grown increasingly bullish, with projected prices rising by $50,000. 5. Hal Finney’s Long-Term Vision of BTC at $10M Bitcoin pioneer Hal Finney’s legendary prediction of $10 million per BTC remains a distant dream but has regained attention. Current market momentum and institutional support echo Finney’s early vision of Bitcoin as a global store of value.   6. PlanB’s $1 Million Bitcoin Price Prediction PlanB’s BTC price forecast based on Bitcoin Stock-to-Flow (S2F) | Source: BitBo   PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) model, forecasts Bitcoin hitting $100,000 by the end of 2024 and reaching $500,000 to $1 million by 2025. The S2F model compares Bitcoin’s scarcity to assets like gold, emphasizing its deflationary nature and limited supply.   PlanB’s model anticipates that as adoption grows and supply shrinks, Bitcoin will reach valuation levels comparable to global reserve assets like gold.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Key Factors Driving Bitcoin’s Bull Run in 2024-25 1. Rising Institutional Adoption Powered By Bitcoin ETFs  Bitcoin ETFs, approved by the SEC in early 2024, have attracted over $30 billion in inflows. BlackRock and Fidelity lead the charge, collectively holding 6% of Bitcoin’s market supply. BlackRock’s IBIT ETF alone saw $31.74 billion in inflows, boosting confidence among retail and institutional investors. 2. Regulatory Support From Trump’s Pro-Crypto Outlook  The pro-crypto stance of President-elect Donald Trump is another catalyst. Key initiatives include: Plans for a U.S. national Bitcoin reserve. Shifting crypto regulation to the Commodity Futures Trading Commission (CFTC). This shift has created a favorable regulatory environment, encouraging further adoption.   3. 2024 Bitcoin Halving The April 2024 Bitcoin halving reduced mining rewards from 6.25 BTC to 3.125 BTC, tightening supply. Historically, halvings have preceded significant price surges, and this cycle appears no different.   Read more: The History of Bitcoin Bull Runs and Crypto Market Cycles   Challenges Ahead Despite the bullish momentum, Bitcoin faces potential hurdles: Market Volatility: Bitcoin is known for its significant price swings, which can lead to sharp corrections even during bullish cycles. In 2021, Bitcoin experienced a sharp drop from $64,000 to below $30,000 within weeks due to profit-taking and fears of overvaluation.With Bitcoin’s rapid rise past $100,000, any speculative excess could trigger short-term sell-offs as traders lock in profits. Regulatory Risks: While regulatory clarity has driven much of Bitcoin’s 2024 rally, any reversal or delay in pro-crypto policies could dampen sentiment. A shift in focus away from crypto-friendly initiatives by President-elect Donald Trump’s administration could create uncertainty. Delays in approving additional Bitcoin ETFs or sudden enforcement actions against major crypto firms could negatively impact Bitcoin and the overall crypto market’s performance.  Macroeconomic Factors: Bitcoin’s appeal as a hedge against inflation and fiat devaluation could be tested by macroeconomic uncertainties. The Federal Reserve’s recent rate cuts have been favorable for risk assets, but unexpected rate hikes to combat inflation could pressure Bitcoin. Ongoing conflicts or economic sanctions can lead to sudden shifts in investor behavior, favoring traditional safe havens like gold over Bitcoin. A global economic slowdown could reduce liquidity, forcing investors to pull out of speculative assets, including Bitcoin. Potential Black Swan Events: Unforeseen catastrophic events have previously disrupted the crypto market, and similar occurrences could pose risks in the future. For instance, the Terra (LUNA) crash in 2022 wiped out over $40 billion in value, triggering widespread liquidations across the crypto ecosystem. The FTX collapse, one of the largest crypto exchanges, caused a liquidity crisis and led to significant market-wide losses. Concerns over the stability of major crypto platforms, including custodial wallets and exchanges, could resurface. Hacks, security breaches, or mismanagement of large institutional Bitcoin holdings could erode investor trust. Sudden regulatory bans or unfavorable rulings in major economies, such as the U.S. or the EU, could spark panic selling. What’s Next for Bitcoin? Bitcoin’s price trajectory in 2024 is shaped by strong institutional adoption, favorable regulatory changes, and its post-halving supply dynamics. Analysts agree that six-figure prices are here to stay, with predictions pointing to $124,000–$250,000 by 2025.   Bitcoin’s path to $150,000 is paved with optimism, but challenges remain. Analysts believe the combination of institutional adoption, regulatory clarity, and macroeconomic conditions will shape its trajectory.   Whether Bitcoin ends 2024 at $124,000, $150,000, or beyond, one thing is clear: the crypto market’s flagship asset is poised for continued growth, making it a focal point for investors worldwide.   Stay tuned to KuCoin News for the latest updates on Bitcoin and the broader crypto market!

On December 5, Bitcoin went through a roller coaster plunge, shedding nearly $303 million in long positions within minutes as its price briefly dropped below $93,000, only to stage a swift rebound, according to Cointelegraph.   Bitcoin is currently priced at $96,927 with a 1.17% decrease in the past 24 hours, while Ethereum trades at $3,785, down -1.39% over the same period. The futures market remains balanced, with a 50% long and 50% short position ratio. The Fear and Greed Index, a key measure of market sentiment, decreased from 84 (Extreme Greed) yesterday to 72 (Greed) today. President-elect Donald Trump’s nomination of pro-crypto advocate David Sacks to lead the U.S. government’s department of AI and Crypto signaling a potential shift toward more favorable regulations. Bitcoin crossed $100,000 for the first time on December 4, 2024 and MicroStrategy earned $16.8 billion in unrealized profits due to its bold Bitcoin investment strategy. Simultaneously Base recorded 8.8 million daily transactions and reached $3.6 billion in Total Value Locked (TVL). This article explores these milestones in detail.   What’s Trending in the Crypto Community?  Donald Trump posted a message on Truth Social celebrating Bitcoin breaking $100,000, quoting“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!”. The total market value (TVL) of stablecoins surpassed $200 billion, hitting a record high. MicroStrategy  earned $16.8 billion in unrealized profits amid BTC breaking all time highs and crossing $100,000.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change SUI/USDT + 18.93% XRP/USDT + 0.67% WLD/USDT + 24.60%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   BTC’s Sudden 5% Price Drop and Recovery Caused $303M Longs to Liquidate Source: TradingView   Bitcoin’s price dropped 5.47% on December 5, 2024 falling from $98,338 to $92,957 in just five minutes between 10:23 am UTC and 10:28 am UTC. The drop wiped out $303.48 million in long positions within one hour contributing to $404 million liquidated in total over 24 hours. During the decline Bitcoin’s market capitalization fell by $200 billion briefly dropping below $1.92 trillion. Bitcoin rebounded to $96,410 shortly after stabilizing but stayed below its earlier peak of $98,338 and far from its all-time high of $104,000 reached one day earlier. Trading volumes surged to $21 billion during this period reflecting the market's heightened activity. The sharp correction underscored Bitcoin’s volatility but its recovery within minutes highlighted the asset's enduring resilience.   MicroStrategy Gains $16.8 Billion Profit from Bitcoin’s Surge to $100K Source: KuCoin December 4th BTC/USDT Chart 24Hrs   Bitcoin reached $100,000 yesterday driving a $16.8 billion unrealized profit for MicroStrategy. The company holds 402,100 Bitcoin purchased at an average price of $58,263 per coin. Its total acquisition cost was $23.4 billion. The current market value of its holdings has surged to $40.2 billion.   MicroStrategy financed these acquisitions using tens of billions in convertible stock offerings and corporate debt. Shareholders saw a 38.7% yield in November based on a method that divides Bitcoin holdings by total shares. This excludes obligations like debt conversion thresholds.   Michael Saylor, CEO of MicroStrategy now has a personal fortune of $9.2 billion. MicroStrategy’s market cap stands at $86 billion, more than double the $38.2 billion value of its Bitcoin. The stock price rose 480 % in 2024. Between November 18 and 24 the company purchased $5.4 billion worth of Bitcoin at $97862 per coin. Between November 25 and December 1 it bought 15400 Bitcoin for $1.5 billion.   Source: MSTR Tracker   MicroStrategy plans to raise $42 billion to acquire more Bitcoin. It seeks inclusion in the NASDAQ 100 index with a decision on December 13 and official listing on December 20 if approved.   Base Reaches All Time High at 8.8 Million Daily Transactions and $3.6 Billion TVL Source: GrowThePie | The Block   Base recorded 8.8 million daily transactions surpassing Arbitrum at 2.5 million and Optimism at 900,000. This positions Base as the leader in optimistic rollup networks. Base’s Total Value Locked reached $3.6 billion supported by $227 million in net inflows over seven days ending November 28. Solana reported $71 million in net inflows during the same period. Network fees on Base hit $766000 on November 28 the highest in three months. The Virtuals platform drives this activity. Virtuals enables users to create co-own and monetize AI agents across gaming entertainment and social media. AIXBT and LUNA are leading projects within this ecosystem.   Freysa AI attracted attention with its unique challenge. Freysa was programmed to resist monetary extraction but a user bypassed this and withdrew $47000 worth of cryptocurrency. The event drew 195 participants and 482 attempts. Query fees were incrementally introduced during the challenge creating a revenue model for AI-crypto interactions.   Donald Trump Appoints David Sacks to Lead AI and Crypto in the US David Sacks, former CEO of Yammer, speaks during Day 1 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024. Source: REUTERS President-elect Donald Trump appointed David Sacks to oversee artificial intelligence and cryptocurrency policy. Sacks founder of Yammer and former PayPal COO will serve as the AI and Crypto Czar.   “In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” said Trump’s announcement on Truth Social.   Sacks will lead efforts to develop a regulatory framework for the cryptocurrency industry. He will also chair the Presidential Council of Advisors for Science and Technology. Trump highlighted the importance of AI and cryptocurrency for U.S. competitiveness.   The pro-crypto stance of Trump’s administration includes key appointments. Former SEC Commissioner Paul Atkins will assume leadership in January signaling a shift in regulatory direction.   Conclusion Bitcoin’s climb to $100,000 MicroStrategy’s $16.8 billion profit Base’s 8.8 million transactions and Trump’s focus on AI and crypto show the rapid evolution of digital assets. These developments highlight the power of strategic investments and the potential of blockchain and AI integration. MicroStrategy’s bold moves illustrate how cryptocurrency can generate massive profits. Base’s innovative network activity demonstrates Layer 2 scalability. Trump’s appointments suggest a pro-crypto regulatory shift. These trends will continue shaping the future of finance and technology.

Bitcoin has shattered the $100,000 milestone, setting a new all-time high of $104,000 on Coinmarketcap and catapulting the cryptocurrency into uncharted territory. This moment marks a significant psychological breakthrough for traders and a vindication for long-time holders. Fueled by a confluence of political, institutional, and economic factors, the Bitcoin rally has not only captured the attention of the crypto world but also ignited conversations in mainstream finance. Here's a closer look at what’s propelling Bitcoin’s historic ascent and where it might head next. Quick Take Bitcoin hits $100K, its first-ever six-digit valuation, with prices peaking at $104,000. Bitcoin gains momentum after the election of President-elect Donald Trump, who appointed pro-crypto leaders to key positions. The launch of U.S.-based spot Bitcoin ETFs in early 2024, followed by the launch of spot Bitcoin ETF options in November, brought institutional capital into crypto markets. April’s Bitcoin halving reduced mining rewards, tightening supply amidst growing demand. Inflation, fiat devaluation, and renewed liquidity from the Fed favor Bitcoin as a hedge asset. Bitcoin Dominance Reclaims 57% as BTC Hits $104K ATH Bitcoin dominance | Source: Coinmarketcap   Bitcoin’s dominance in the crypto market has surged back to 57%, reclaiming its position as the leading force in the cryptocurrency ecosystem. This metric, which measures Bitcoin’s share of the total market capitalization, had dropped to 54.7% on Dec. 4 as altcoins like BNB, TRX, and XRP rallied to new highs. However, Bitcoin’s explosive rise above $100,000 reversed the trend, bringing the focus squarely back to BTC.   The shift reflects Bitcoin’s unmatched influence in the market, with analysts suggesting its record-breaking rally served as a reminder of its supremacy. “Almost like BTC was jealous that altcoins were getting all the attention and wanted to remind everyone it’s still king,” noted analyst Income Sharks. Market sentiment echoed this resurgence, with the Bitcoin Fear & Greed Index remaining at an “extreme greed” level of 84, signaling robust investor enthusiasm for the cryptocurrency.   This renewed dominance has momentarily quieted calls for an altseason, as traders consolidate around Bitcoin during its historic price discovery. While altcoins maintain strong performance overall, Bitcoin’s ability to draw market attention underscores its pivotal role as the foundation of the crypto ecosystem.   The Bitcoin-Trump Effect The 2024 U.S. presidential election was pivotal for crypto markets. President-elect Donald Trump’s victory and his pro-crypto stance galvanized investor sentiment. Trump’s administration promises a crypto-friendly regulatory landscape, starting with his appointment of Paul Atkins as SEC Chair.   Atkins, known for his advocacy of digital assets, replaces the outgoing Gary Gensler, whose tenure was marked by harsh regulatory actions against the crypto industry. This leadership shift is expected to usher in a new era of regulatory clarity and innovation.   Further fueling optimism, Trump’s nomination of Scott Bessent as Treasury Secretary and Howard Lutnick as Commerce Secretary underscores the administration’s commitment to integrating crypto into the broader economy.   Read more: BTC Surges Above $100,000, Trump Appoints Pro-Crypto SEC Chair Paul Atkins, Powell Compares BTC to Gold, and More: Dec 5   Bitcoin Surges as Fed Chair Powell Calls It 'Digital Gold' in CNBC Interview Federal Reserve Chair Jerome Powell, during a CNBC interview on December 4, 2024, remarked that Bitcoin is “like gold, only it’s virtual, it’s digital,” highlighting its role as a competitor to gold rather than the U.S. dollar. The interview, held in Washington, D.C., has reignited interest in Bitcoin as a digital store of value, reinforcing its narrative as "digital gold." Powell’s acknowledgment has resonated with investors, positioning Bitcoin as a modern alternative to traditional safe-haven assets, driving its price upward in the market today. how about this   Institutional Adoption Drives the Rally Spot Bitcoin ETF flows over the past month | Source: TheBlock   The approval of spot Bitcoin ETFs by the SEC earlier in 2024 unlocked a tidal wave of institutional interest. Asset management giants like BlackRock and Fidelity launched ETFs that collectively attracted over $30 billion in assets within months.   These ETFs provide regulated, straightforward access to Bitcoin, appealing to institutional investors who previously hesitated due to compliance concerns. BlackRock CEO Larry Fink’s endorsement of Bitcoin as a “legitimate financial instrument” further cemented its status as a mainstream asset.   Additionally, corporate adoption has surged. MicroStrategy, with its record-breaking 386,700 BTC holdings now worth over $38 billion, has inspired other firms to follow suit. Recent adopters include Canadian wellness firm Jiva Technologies and AI education company Genius Group, which announced Bitcoin reserves in their corporate strategies.   The Role of the Bitcoin Halving in 2024  April 2024 marked Bitcoin’s latest halving event, reducing mining rewards to 3.125 BTC per block. This built-in scarcity mechanism often precedes significant price rallies, as seen in previous cycles.   While debates persist over whether halving alone drives Bitcoin’s price, it undeniably creates bullish sentiment. Traders and institutions alike see the event as a supply squeeze, amplifying demand and setting the stage for Bitcoin’s meteoric rise.   Other Macroeconomic Factors at Play Bitcoin’s appeal as a hedge asset has grown amidst global economic instability. With inflation eroding the purchasing power of fiat currencies and central banks loosening monetary policies, Bitcoin’s capped supply and digital nature present an attractive alternative.   The Federal Reserve’s pivot to rate cuts has further buoyed Bitcoin prices, as investors seek refuge from volatile traditional markets. Bitcoin’s narrative as "digital gold" continues to resonate, solidifying its status as a store of value in uncertain times.   Could Bitcoin Price Hit a High of $200,000 Soon?  Bitcoin’s rise to $100,000 has set the stage for even loftier predictions. Analysts like Geoff Kendrick of Standard Chartered forecast Bitcoin could hit $200,000 by the end of 2025, driven by institutional adoption and a crypto-friendly U.S. government.   While price discovery is inherently unpredictable, Bitcoin’s fundamentals remain strong. The cryptocurrency’s integration into mainstream finance, combined with favorable regulatory and macroeconomic conditions, suggests that its best days may still lie ahead. For now, Bitcoin’s new milestone underscores its evolution from a speculative asset to a global financial powerhouse. Whether it’s the “digital gold” narrative, halving cycles, or institutional interest, Bitcoin continues to redefine the future of money.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Closing Thoughts Bitcoin’s historic $100,000 milestone is more than just a number—it represents the culmination of years of technological innovation, regulatory battles, and increasing adoption. With its market capitalization crossing $2 trillion, Bitcoin has firmly established itself as one of the world’s most valuable assets.   As the cryptocurrency enters its next phase of growth, the question isn’t whether Bitcoin will continue to rise but how high it will go. Investors, traders, and institutions are watching closely as Bitcoin charts its course into the future.   Read more: Bitcoin Hits New All-Time High Above $100,000 and the Bull Run Ahead: New Digital Gold? 

Bitcoin reached a fresh all-time high of $103,656 on December 4th, 2024. The price is up 8.025% in the last 24 hours with a gain of $7,700. The market capitalization for Bitcoin now stands at $1.93 trillion, accounting for 49.5% of the total cryptocurrency market. The trading volume in the last 24 hours topped $48.3 billion on the back of a frenzy of institutional and retail interest. This puts the cryptocurrency up 19.4% over the last month and 67% since the beginning of 2024.   Institutional Inflows of $9.2 Billion Drive Bitcoin's Surge Source: KuCoin   This month institutional investors have piled in $9.2 billion into Bitcoin. Strong interest has also developed for spot Bitcoin ETFs: ProShares Bitcoin Strategy ETF brought in inflows of $2.1 billion since November. Some analysts are estimating that Bitcoin could surge as high as $125,000 to $130,000 by the end of 2024 as demand for regulated Bitcoin investment vehicles continues to soar.   In November, Grayscale added 12,400 BTC and brought the total count in Bitcoin Trust to 711,000 BTC-worth $73.5 billion. Fidelity Digital Assets reported a 22% surge in institutional client activity over the past month. These investments are a sign that big financial players are increasingly confident of Bitcoin as an emerging long-term asset class.   Currently, the business intelligence firm holds more than 158,245 BTC, equivalent to $16.4 billion, after adding 3,200 BTC in this quarter. Overall, publicly traded companies collectively hold more than 294,000 BTC, or $30.4 billion - a sign of corporate adoption toward Bitcoin.   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Policy Changes Fuel Market Optimism The already rallying Bitcoin has been given increased momentum by the pro-crypto stance of President-elect Donald Trump himself. Trump's nomination to the position of SEC Chair indicates a possible shift toward good regulations for the cryptocurrency because Atkins is known for his balanced, transparent policies. Atkins served at the SEC from 2002 to 2008 as commissioner.   “Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy,” Trump said. “As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on and studied the digital assets industry.” Trump stated.   This comes after years of aggressive enforcement under Gary Gensler's helm. Between 2021 and 2023, the SEC filed 104 lawsuits against crypto firms, making the industry cough up about $426 million in legal fees. According to analysts, the clearer guidelines under Atkins's chair will significantly reduce the regulatory barriers to adoption that have held Bitcoin back.   Confidence has also been boosted by the green-lighting of multiple spot Bitcoin ETF applications by the SEC. Such ETFs offer institutional investors regulated paths to exposure to Bitcoin and have heated up demand. According to analysts, spot ETFs could bring in an additional $17 billion of institutional inflows in mid-2025.   Powell Describes Bitcoin as the New Digital Gold, Not a Competitor to the Dollar Source: X   Federal Reserve Chair Jerome Powell described Bitcoin as "like gold only virtual and digital" in a speech at The New York Times DealBook Summit. Powell underlined that it is a speculative asset, and despite high volatility, it looks to be here to stay. The price of Bitcoin sat close to $103,000 during his comments, a nod to the growing perception of the digital asset as a hedge against inflation and economic uncertainty.   The increasing role of Bitcoin as a store of value makes it comparable to gold. A circulating supply of 19.5 million BTC makes Bitcoin a scarcity and a deflationary model, hence interesting for investors looking for alternatives. Market capitalization of gold is $13 trillion, while the current market capitalization of Bitcoin is $1.93 trillion, underlining its potential to grow as digital gold.   Global Bitcoin Adoption Soars to 420m Users Adoption has increased from 300 million users in 2022 to more than 420 million users globally in 2024. In November, El Salvador added $120 million worth of Bitcoin to its national reserves, increasing its holdings to 4,400 BTC as part of the country's plan to introduce Bitcoin into its economy as legal tender.   Germany has 12,900 active Bitcoin nodes, up 14% this year. Its node count is second only to the United States, housing 36,200. These figures reflect the decentralization of Bitcoin and the security of its global network.   The United Arab Emirates is introducing blockchain technology into its trade finance system, projected to process $500 billion worth of transactions by 2025. This will reflect Bitcoin's potential usage in global trade and commerce.   Source: Triple-A   Source: Triple-A   Among Asian markets, one of the most active markets, retail traders from South Korea contributed $4.2 billion in Bitcoin trading volume last month. Recently, Japan reformed its regulatory framework by allowing banks to store Bitcoins with plans for an implementation as early as 2025. Source: Triple-A   According to Triple-A, with a compound annual rate (CAGR) of 99% the growth in ownership of cryptocurrencies far exceeds the growth rate of traditional payment methods, which average at 8% from 2018 to 2023. In fact. Within the same period, the growth rate for cryptocurrency ownership surpasses that of several payment giants such as American Express.   Bitcoin Outlook for December 2024 and Beyond The price action of Bitcoin doesn't slow down. According to analysts, Bitcoin’s price prediction is $125,000 dollars by the end of 2024 and will climb with a market capitalization of over $2.3 trillion. Come 2025, its global adoption will surge past 500 million users due to interests shown by institutions, regulatory clarity, and technological advancement.   Miners pocketed $1.9 billion in revenue last month, with hash rates reaching 480 EH/s, up 32% YoY. Such growth cements the security and resilience of the network while Bitcoin continues to scale globally.   Kalshi, the prediction platform’s data highlights increasing confidence in Bitcoin’s long-term potential. While the chances of reaching $150,000 by the end of 2024 remain moderate, Bitcoin’s record-breaking performance in 2023 shows its capacity to achieve new milestones. With rising adoption and strong institutional inflows, Bitcoin appears poised to close 2024 at historic levels, cementing its role as a key player in the global financial system.   Source: Kalshi   Conclusion Bitcoin's rise to $103,656 is a momentous event for the digital currency markets underpinned by $9.2 billion of institutional inflows, spot ETF approvals, and organic global adoption. At $1.93 trillion stretched out to $125,000, Bitcoin is set in place as a digital asset of global importance. It has not only become a store of value but has also become a means to connect traditional finance with blockchain technology. This is a representation of Bitcoin's transition from a speculative investment to one of the founding blocks of the future economy.

Bitcoin is currently priced at $102,402.32 with a 6.23% increase in the past 24 hours, while Ethereum trades at $3,861.17, up 5.75% over the same period. The futures market remains balanced, with a 50% long and 50% short position ratio. The Fear and Greed Index, a key measure of market sentiment, climbed from 78 (Extreme Greed) yesterday to 84 (Extreme Greed) today.   President-elect Donald Trump’s nomination of pro-crypto advocate Paul Atkins to replace Gary Gensler as SEC Chair signals a potential shift toward more favorable regulations. Bitcoin, often compared to digital gold, has approached $102,402.32, buoyed by growing institutional interest and evolving perceptions of its role in the financial ecosystem. Meanwhile, Ripple’s XRP has surged past a $150 billion market cap, rivaling top U.S. companies, and Grayscale has joined the race to launch the first spot Solana ETF. This period of transformation highlights the intersection of regulation, innovation, and market dynamics in shaping the future of digital assets.   What’s Trending in the Crypto Community?  Jerome Powell says Bitcoin is a strong competitor to gold at The New York Times' DealBook Summit on Dec.4. Circle announced it is the first stablecoin issuer to meet Canada's new listing rules. Bitcoin mining company Hut 8 announced a $500 million and a $250 million stock buyback plan in order to buy more Bitcoin.    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change CRV/USDT + 20.47% XRP/USDT - 6.96% SAND/USDT + 14.92%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   BTC Hits All Time High of 102.4K Bitcoin hit an all-time high today surpassing $102,402.32 for the first time. The price surged to $102,402.32 during early trading hours with a 6.4 percent increase in the past 24 hours. Institutional investment has grown by over $8 billion this quarter fueling demand. Analysts point to recent pro-crypto policy shifts including Paul Atkins' nomination as SEC Chair and a projected 18 percent increase in adoption rates by 2025. Bitcoin now commands a market capitalization of over $1.95 trillion solidifying its dominance as the largest cryptocurrency.   BTC Price Chart | Source: KuCoin   Trump Appoints Pro-Crypto Paul Atkins as New SEC Chair President-elect Donald Trump has nominated Paul Atkins to lead the SEC, fulfilling his campaign promise to crypto voters. Trump praised Atkins as a "proven leader for common sense regulations" due to his tenure as an SEC commissioner from 2002 to 2008 and his role as Co-Chairman of the Digital Chamber's Token Alliance since 2017.   “Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy,” Trump said. “As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on and studied the digital assets industry.”   Atkins' appointment follows Gary Gensler’s resignation on Nov. 21 after years of legal battles with crypto firms. The SEC initiated 104 lawsuits against the industry between 2021 and 2023, costing companies $426 million in legal fees. Analysts expect the SEC's focus on enforcement to ease under Atkins, potentially opening the door for clearer regulations and renewed growth.   Legal battles cost the industry $426 million in legal fees and created uncertainty in the market. Analysts predict a softer stance on enforcement under Atkins, allowing firms to focus on innovation and growth. Pantera’s chief legal officer, Katrina Paglia, said new leadership could ease regulatory pressure. "The lawsuits targeting cryptocurrency firms and blockchain projects will likely diminish," she explained. Atkins’ leadership could mark the beginning of clearer, more supportive regulation for digital assets.   Powell Says BTC is a Strong Competitor to Gold or Something More? Source: X   U.S. Federal Reserve Chair Jerome Powell recently drew parallels between Bitcoin and gold, emphasizing its role as a speculative asset rather than a competitor to the dollar.   “People use Bitcoin as a speculative asset, right? It’s like gold,” Powell said at The New York Times' DealBook Summit. “It’s just like gold, only it’s virtual, it’s digital.”    Bitcoin’s volatility remains a concern, but its price has approached $100,000, with current trading levels around $97,400. This growth follows President-elect Trump’s pro-crypto stance and institutional interest in digital assets. Powell acknowledged Bitcoin’s "staying power," but the Federal Reserve continues to monitor its interaction with traditional banking systems to ensure financial stability.   Ripple’s XRP Surges Past Traditional S&P500 Markets Source: KuCoin    XRP has experienced a meteoric rise, with its market cap soaring to $150 billion, surpassing companies like Pfizer ($144 billion) and Citigroup ($136 billion). Ripple’s asset now ranks as the third-largest cryptocurrency, trailing only Bitcoin and Ethereum.   XRP surged by 409% after the November elections, reaching a high of $2.82 before settling at $2.61. Market analysts attribute this growth to increasing institutional interest and optimism about a more crypto-friendly regulatory environment.   If classified as a company, XRP would rank as the 68th largest in the S&P 500, outshining 86% of the index, including notable firms like Lockheed Martin ($122.5 billion). This positioning underscores the growing acceptance of digital assets as viable investments within traditional financial frameworks.   Grayscale’s Bid for a Spot Solana ETF Grayscale Investments filed with the SEC on Dec. 3 to convert its existing Grayscale Solana Trust (GSOL) into a spot Solana ETF. The trust, holding $134.2 million in assets, represents approximately 0.1% of all Solana in circulation.   Grayscale joins competitors like 21Shares, VanEck, and Bitwise in seeking SEC approval for a spot Solana ETF. The move reflects a broader push to integrate cryptocurrencies into mainstream financial products, potentially unlocking new levels of institutional participation.   Extract from Grayscale’s 19b-4 filing to list a spot Solana ETF. Source: NYSE   Read More: GBTC vs. Bitcoin: Which One Should You Invest In?   The Ripple Effect: Market Optimism Post-Gensler Gary Gensler’s departure and the anticipated leadership of Paul Atkins have sparked optimism across the crypto industry. Filings for a Solana ETF surged immediately after Gensler’s resignation, and analysts predict continued altcoin rallies into 2025.   Pantera’s chief legal officer, Katrina Paglia, suggested that the SEC’s aggressive stance on crypto firms will likely diminish under new leadership. “The lawsuits targeting cryptocurrency firms and blockchain projects could quietly go away,” she said.   Conclusion The crypto industry stands at a pivotal moment. Leadership changes, regulatory shifts, and market innovations signal a new era for digital assets. From Bitcoin nearing $100,000 to XRP rivaling top U.S. companies, the market reflects growing maturity and integration into traditional financial systems. Grayscale’s pursuit of a spot Solana ETF and Paul Atkins’ nomination as SEC Chair underscore the momentum building behind crypto. As these developments unfold, they are likely set for reshaping the regulatory landscape and solidifying digital assets’ place in the global economy.

On December 2, 2024, South Korea's cryptocurrency market experienced unprecedented activity, with retail trading volumes surpassing traditional stock markets by 22%, as reported by 10x Research. The day's trading volume reached approximately $34 billion on Dec.4, marking the second-highest daily total of the year. This surge was precipitated by a brief declaration of martial law by President Yoon Suk Yeol, citing national security concerns. The announcement led to immediate market volatility, with Bitcoin (BTC) and Ethereum (ETH) prices plummeting by up to 30% on local exchanges before swiftly rebounding after the martial law was lifted hours later. Traders capitalized on these rapid price fluctuations, significantly increasing trading volumes, particularly in altcoins like XRP and Tron.   Trending Cryptocurrencies in the South Korea in the Last 24 Hours  Upbit is the top leading regulated exchange in the local market. The trending cryptocurrencies are identified based on CoinMarketCap and Upbit’s real-time trading data focusing on 24-hour volume, price surges, and market sentiment. These metrics highlight the most actively traded and high-performing assets in South Korea’s dynamic crypto market. Here are the top trending cryptocurrencies in the South Korean Market    Bitcoin (BTC) BTC Price Chart | Source: KuCoin   Bitcoin faced significant volatility in South Korea following the martial law announcement, dipping sharply to $95,692 on the global exchanges. However, it quickly rebounded 2.4%, climbing above $96,000 after the policy was reversed. On Upbit, Bitcoin remains a cornerstone of the market, with over $1.7 billion in 24-hour trading volume, accounting for 6.51% of the exchange's total activity. This highlights Bitcoin’s dominance as both a store of value and a key trading asset during periods of uncertainty.   Tron (TRX) TRX Price Chart | Source: KuCoin   Tron was the standout performer of the day, experiencing a remarkable 80% surge within 24 hours to trade at $0.40. The strong performance reflects growing speculative interest in South Korea’s retail market, where Tron is increasingly favored for its role in decentralized finance. On Upbit, TRX recorded $1.2 billion in trading volume, representing 4.61% of total market activity.   XRP (XRP) XRP Price Chart | Source: KuCoin   XRP continues to dominate trading activity in South Korea, fueled by optimism around liquidity enhancements and blockchain upgrades. The token has surged an extraordinary 200% over the past month, currently trading at $2.84. XRP’s trading volume on Upbit exceeded $6.3 billion, accounting for a staggering 26.93% of the Upbit platform’s total activity, solidifying its status as the most traded cryptocurrency in the market.   Cardano (ADA) XRP Price Chart | Source: KuCoin   XRP continues to dominate trading activity in South Korea, fueled by optimism around liquidity enhancements and blockchain upgrades. The token has surged an extraordinary 200% over the past month, currently trading at $2.84. XRP’s trading volume on Upbit exceeded $6.3 billion, accounting for a staggering 26.93% of the Upbit platform’s total activity, solidifying its status as the most traded cryptocurrency in the market.   Cardano (ADA)   ADA Price Chart | Source: KuCoin   Cardano’s robust ecosystem development and scalability improvements have driven its popularity among South Korean traders. Over the past 30 days, ADA has posted an impressive 275% gain, reaching $1.20. On Upbit, ADA recorded $362.7 million in 24-hour trading volume, contributing 1.39% of the exchange’s activity, a testament to its growing appeal in the region.   Ethereum (ETH) ETH Price Chart | Source: KuCoin    Ethereum remains a pillar of the cryptocurrency market, recovering from a low of $3,643.90 with a 3.3% gain to stabilize above $3,600. On Upbit, ETH maintained steady trading activity, generating $830.6 million in volume and demonstrating its continued relevance among South Korean traders, particularly for its critical role in decentralized finance and NFT ecosystems.   Dogecoin (DOGE) DOGE Price Chart | Source: KuCoin    Dogecoin remains a favorite memecoin in South Korea, where retail traders continue to embrace its speculative nature and meme-driven appeal. The token recorded an impressive $1.6 billion in trading volume on Upbit, reflecting its enduring popularity. At a price of $0.42, DOGE has proven its ability to sustain strong market interest even during periods of heightened volatility.   Stellar (XLM) XLM Price Chart | Source: KuCoin    Stellar is gaining traction in South Korea, thanks to its focus on cross-border payment solutions. Trading at $0.51, Stellar saw significant activity on Upbit, with $586.3 million in 24-hour trading volume, accounting for 2.24% of the platform’s overall activity. This underscores the token’s appeal to traders seeking utility-focused assets.   Hedera (HBAR) HBAR Price Chart | Source: KuCoin    Hedera has seen rapid growth this week, surging 168% to trade at $0.32. Its innovative use cases in blockchain technology, particularly for enterprises, have caught the attention of South Korean investors. On Upbit, HBAR recorded a robust $935.6 million in trading volume, accounting for 3.58% of the exchange’s total, highlighting its rising prominence.   Ethereum Name Service (ENS) ENS Price Chart | Source: KuCoin    Ethereum Name Service continues to attract attention as a key player in the Web3 domain. Trading at $42.23, ENS saw $666.7 million in trading volume on Upbit, reflecting growing interest in decentralized domain naming solutions. Its utility and increasing adoption make it a notable contender in today’s market.   Is South Korea in the Full Altcoin Season? South Korea’s cryptocurrency market is at the forefront of a full-fledged altcoin season, with assets like Tron (TRX), XRP, and Cardano (ADA) dominating trading volumes. Analysts point to a significant shift in trader focus toward high-growth altcoins, as Bitcoin’s funding rates remain relatively subdued at 15% annualized. This divergence highlights the appetite for speculative altcoin investments among South Korean traders.   Several factors contribute to South Korea’s role in driving global crypto trends. Retail investors dominate the market, leveraging opportunities in trending altcoins and amplifying momentum across key assets. Accessibility to comprehensive trading platforms like Upbit, the country’s largest exchange, plays a pivotal role by offering real-time performance insights and access to a diverse range of tokens. Additionally, South Korea’s regulatory environment, including the postponement of crypto tax policies until 2027, coupled with its robust technological infrastructure, provides fertile ground for the continued growth of its crypto market.   Conclusion With record-breaking trading volumes, surging altcoins, and a retail-driven ecosystem, the region continues to lead the way in cryptocurrency adoption. A major milestone was reached recently when cryptocurrency trading volumes surpassed the traditional stock market by 22%, underscoring the profound shift in South Korea’s financial priorities. As altcoin season takes center stage, assets like TRX, XRP, and ADA remain the ones to watch in this dynamic and rapidly evolving market. Investors should do their own research in the volatile market and build a sustainable investment strategy tailored to their goals.

Ripple's XRP has experienced a volatile week, marked by a brief price decline following South Korea's declaration of martial law. Despite this setback, whales and institutional investors have shown unwavering confidence, propelling XRP into the spotlight as one of the most dynamic cryptocurrencies in the market.   Quick Take  XRP investors realized over $4 billion in profits in the past three days, driven by whale activity and institutional accumulation. XRP has gained over 400% in the past month, consolidating its position as one of the top three cryptocurrencies by market cap. XRP briefly dropped 7% to $1.89 following South Korea’s declaration of martial law, triggering panic selling on local exchanges like Upbit and Bithumb. Large holders (whales) increased their XRP positions despite the sell-off, signaling confidence in the token's long-term potential. XRP's 24-hour trading volume soared to $44.5 billion, making it the third most-traded crypto behind Bitcoin and USDT. Expectations for a U.S. XRP spot ETF are growing, supported by the SEC’s recent non-security ruling and a possible pro-crypto SEC Chair nomination. Positive legal and regulatory developments, including rumors of Ripple’s IPO and ETF applications, could drive further growth.   Martial Law in South Korea Triggers XRP Sell-Off XRP price | Source: KuCoin   The announcement of martial law by South Korean President Yoon Suk Yeol on December 3 sent shockwaves through global crypto markets. XRP, a popular asset among South Korean investors, saw a sharp 7% dip, briefly trading as low as $1.89 on leading exchanges like Upbit and Bithumb. Trading volumes surged as panic selling gripped the market, forcing temporary halts in XRP transactions on these platforms.   This political upheaval caused significant disruptions, with South Korea's high concentration of XRP holders amplifying the volatility. However, XRP prices recovered quickly, climbing back to $2.40 in spot markets and maintaining its status as the third most-traded cryptocurrency by volume, trailing only Bitcoin and USDT.   XRP Whales Drive Market Confidence Despite the sell-off, whale activity around XRP has intensified. Data from Santiment shows that whales—holding between 1 million and 10 million XRP—have significantly increased their holdings in the past three days. This accumulation coincides with $4 billion in realized profits among XRP investors, underlining the token's growing appeal to institutional players.   Austin Reid, Head of Revenue at FalconX, noted on X (formerly Twitter) that institutional interest is a major driver behind XRP's current momentum. “This isn’t just retail action — institutions are driving the rally,” Reid commented, highlighting a 10x increase in trading volume between the first and second halves of Q4.   XRP Price Prediction: Can XRP Touch a New All-Time High?  XRP/USDT price | Source: KuCoin   Technical indicators suggest that XRP could be on the verge of a breakout. The token is holding above the $2.58 resistance level, a key threshold for further upward movement. A successful recovery and bounce above this level could see XRP targeting $3.57, its upper resistance channel, potentially setting a new all-time high.   However, challenges remain. The Relative Strength Index (RSI) indicates overbought conditions, signaling the possibility of a short-term price correction. Analysts caution that a daily close below $1.96 could invalidate the bullish thesis and result in further consolidation.   Market Optimism Fueled by Spot XRP ETF Speculation Optimism around a potential XRP spot ETF in the U.S. is adding to the excitement. The non-security ruling for XRP in its case against the SEC has paved the way for speculation about an ETF launch, mirroring the success of Bitcoin’s spot ETF approvals earlier this year. Ripple investment products have already seen record inflows of $95 million in the past week, according to CoinShares.   Crypto weekly inflows | Source: CoinShares   Former SEC Commissioner Paul Atkins, rumored to be the next SEC Chair, is seen as a potential ally for the crypto industry. His pro-market stance could accelerate regulatory clarity, benefiting XRP and the broader crypto ecosystem.   What’s Next for XRP?  Over the past month, XRP has surged by over 400%, cementing its position as one of the most promising altcoins. If the token maintains its upward trajectory, driven by whale accumulation, institutional interest, and potential regulatory breakthroughs, 2025 could see XRP reaching new milestones.   For now, XRP remains one of the market’s most closely watched assets, with its recovery from recent volatility underscoring its resilience and long-term potential.   Read more: Could $XRP Reach $3 Ahead of XRP ETF Approval?