Bitcoin sees brief rebound to $99,000 on Christmas day
Bitcoin sees brief rebound to $99,000 on Christmas dayHoliday excitement lifted Bitcoin past $99,000, but it quickly corrected to $98,000 where it still holds strong support.
Happy Wednesday!Bitcoin's festive spirit shines bright this Christmas, briefly surpassing the $99,000 mark before settling at $98,000, showcasing strong support amidst holiday excitement. Meanwhile, the NFT market is thriving as the top 10 collections outpace fungible tokens in weekly returns, despite still being far from their all-time highs. In the DeFi space, Aave and Lido have crossed the $70 billion milestone in net deposits, solidifying their positions as leaders in total value locked and revenue generation. Additionally, a surge of Gen Z crypto users has emerged following Trump's election victory, driven by his pro-Bitcoin stance and favorable market conditions. Stay tuned for more insights and developments in the crypto world! LATEST SLATECAST 🎙️ On-chain AI and the future of privacy: Jesse Glass talks identity, AGI, and Decide AI’s 2025 roadmap 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.43 trillion, with a 24-hour volume of $128.55 billion. The price of Bitcoin is $98,509.17, and BTC market dominance is 56.9%. The price of Ethereum is $3,470.81, and ETH market dominance is 12.2%. The Crypto Fear & Greed Index is currently Greed (73). Bitcoin sees brief rebound to $99,000 on Christmas day
Holiday excitement lifted Bitcoin past $99,000, but it quickly corrected to $98,000 where it still holds strong support. 📰 Top News
Top 10 NFT collections outperform fungible tokens in weekly returnsDespite the two-digit weekly gains on most of the largest collections, their floor prices are still a long way from their peaks. Aave and Lido surpass $70 billion in net depositsThe two DeFi applications are also the largest in total value locked, and are among the top protocols in revenue generation. Gen Z crypto users surge following Trump victory in US elections — BitgetGen Z crypto investors skyrocket post-election, driven by Trump's pro-Bitcoin rhetoric and favorable market conditions. Latest Insights
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High open interest at $120000 strike price shows the market is betting on a big finish for Bitcoin in 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Changes such as staking for Ethereum ETFs and in-kind redemptions for Bitcoin products will likely to happen early on, says Hester Peirce. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%
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Repeating history? Bitcoin's cyclical journey suggests potential rise to $225000. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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