The number of global Gate. io users reaches a new high, officially breaking through the 20 million mark

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QCP released a daily market report stating that Bitcoin broke through $106,500 during the early Asian trading hours.

The rise was driven by the explosion of about $151 million of short positions in the past 12 hours. The market squeezed shorts during a weekend of low liquidity and slack sentiment (Deribit's funding rate once turned negative), accelerating the rise in Bitcoin prices.

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MicroStrategy increases its holdings of 15,350 BTC for approximately $1.5 billion

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🗞 December 16, 2024 cryptocurrency news highlights

【Cryptocurrency】
Luis Buenaventura said that since the Fed's interest rate cut expectations this month have been digested in advance by the market, the direct impact of this policy adjustment on cryptocurrency prices will be relatively limited. 💸

【Economy】
Satoshi Action Fund CEO: The third state in the United States will officially launch “strategic Bitcoin reserve” legislation

【Indicators】
Long-term Bitcoin holders have started selling, except for those who have held for more than seven years, reducing their overall holding from over 60% to around 50% 📤

QCP released a daily market report stating that Bitcoin broke through $106,500 during the early Asian trading hours. 👍

【More】
The number of global Gate. io users reaches a new high, officially breaking through the 20 million mark🔼

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Bitcoin surpassed $107,000, reaching a new all-time high less than 24-hours after hitting a record $106,000.🔥

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Bitcoin has surged by 26,931% over the past 10 years. The analysis shows Bitcoin outperforming traditional assets like gold, S&P 500, oil, and treasury bonds across 1, 3, 5, and 10-year periods 📈

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Ethereum ETFs saw record inflows last week, surpassing $854 million, while Bitcoin funds attracted $2.1 billion between December 9 and 13 💰

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🕯 Tether's (💵USDT) market valuation has reached $140 billion, representing 3.75% of the total $3.73 trillion cryptocurrency market as of December 16

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💰Bitcoin should continue pumping through next year, based on historical trends 👀 How high will BTC rise in 2025? 🚀

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Total assets under management of US ETFs exceed $10 trillion for the first time, of which $40 billion is invested in crypto📈

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Donald Trump attended the Blockchain Association Annual Policy Summit dinner, voicing support for developing the blockchain industry to keep businesses from relocating to countries like China.

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Bitcoin breaks through $107,000

Bitcoin broke through $107,000 and is now quoted at $107,001, a 24-hour increase of 1.6%.

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Binance Custody Platform Ceffu Withdraws $34.2 Million Worth of SOL, RENDER, and Other Altcoins from Binance

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A European MP gave a pro-Bitcoin speech in the European Parliament, advocating for the creation of a "Strategic Bitcoin Reserve."

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🗞 December 17, 2024 cryptocurrency news highlights

【Cryptocurrency】
🕯 Tether's (💵USDT) market valuation has reached $140 billion, representing 3.75% of the total $3.73 trillion cryptocurrency market as of December 16

【Economy】
Donald Trump attended the Blockchain Association Annual Policy Summit dinner, voicing support for developing the blockchain industry to keep businesses from relocating to countries like China.🇨🇳

【Indicators】
Bitcoin has surged by 26,931% over the past 10 years. The analysis shows Bitcoin outperforming traditional assets like gold, S&P 500, oil, and treasury bonds across 1, 3, 5, and 10-year periods 📈

【More】
A European MP gave a pro-Bitcoin speech in the European Parliament, advocating for the creation of a "Strategic Bitcoin Reserve."

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Next time someone says MicroStrategy is a Ponzi, play them this Saylor Thug Life Mic Drop moment 👀

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In the U.S., Bitcoin ETFs have surpassed Gold ETFs in AUM, flipping gold despite its 20-year lead 📈

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🔶 BNB Surpasses 730 USDT with a 0.41% Increase in 24 Hours

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The reasonable range of 10-year US Treasury bond interest rates is around 4.3%-4.6%👀

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Bitcoin briefly fell below $105,000 and is now quoted at $105,100, a 24-hour drop of 1.24%.📉

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