The global cryptocurrency market cap now stands at $3.59T, down by -1.58% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $99,700 and $102,650 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $101,645, up by 1.58%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include VELODROME, FIRO, and VITE, up by 64%, 47%, and 20%, respectively. Top stories of the day: MicroStrategy Joins Nasdaq 100 Index Global Cryptocurrency Daily Active Users Reach Record High in December Significant Support Wall Formed for Bitcoin Between $94,300 and $100,250 Bitcoin's Record Fuels Optimism for Altcoin Season and Christmas Rally Citigroup Economists Predict Federal Reserve Rate Cuts Amid Global Economic Weakness SEC Fines Cantor Fitzgerald $6.75 Million Over Misleading SPAC Statements Bank of Japan Likely to Maintain Interest Rates Amid Economic Concerns Market movers: ETH: $3915.23 (+0.63%) XRP: $2.4578 (+5.98%) SOL: $226.07 (+0.32%) BNB: $723.66 (+2.04%) DOGE: $0.40731 (+0.65%) ADA: $1.1062 (+1.15%) TRX: $0.2965 (+2.52%) AVAX: $53.57 (+3.42%) LINK: $29.85 (+5.07%) SHIB: $0.00002836 (+1.69%) Top gainers on Binance: VELODROME/USDT (+64%) FIRO/USDT (+47%) VITE/USDT (+20%)

According to Odaily, a recent post by Shen Yu on the X platform delves into the psychological aspects of trading, emphasizing the introspective nature of investment decisions. Shen Yu suggests that each transaction driven by the 'buy more as prices rise' mentality is less about market dynamics and more about personal value assessment. He argues that increasing one's investment is not necessarily based on new market insights but rather on the need for greater profits to sustain a grander self-image. Shen Yu describes the market as a mirror, reflecting not just financial gains but the image of an 'invincible' self that traders become enamored with. This perspective highlights why advice on trading discipline and systems, although accurate, often fails to alter behavior significantly. The core issue, he notes, is existential rather than technical, suggesting that technical solutions cannot address existential problems. The irony, Shen Yu points out, is that while traders believe they are exchanging money for wealth, they are, in reality, trading wealth for an illusory self-identity. From the outset, this approach to trading positions individuals as inevitable losers.

According to Odaily, MicroStrategy founder Michael Saylor announced on the X platform that Japanese publicly traded company Metaplanet has adopted the Bitcoin standard. This strategic move by Metaplanet is noteworthy as it aligns with the growing trend of companies integrating Bitcoin into their financial frameworks. Saylor's announcement was accompanied by a stock price chart, which indicated an upward trend in Metaplanet's share value. This increase in stock price suggests a positive market response to the company's decision to embrace Bitcoin. The adoption of Bitcoin by Metaplanet reflects a broader acceptance of cryptocurrency in the corporate sector, highlighting its potential as a valuable asset in financial strategies. The decision by Metaplanet to adopt the Bitcoin standard is part of a larger movement among companies seeking to leverage the benefits of cryptocurrency. As more businesses explore the integration of digital currencies, the financial landscape continues to evolve, offering new opportunities and challenges. Metaplanet's approach may inspire other companies to consider similar strategies, potentially influencing market dynamics and investor perceptions.

According to PANews, Nexo research analyst Iliya Kalchev recently noted a significant increase in XRP's open interest, indicating a growing appeal and expanding investor base, alongside heightened trading activity. This surge is attributed to favorable regulatory developments and a rebound in the cryptocurrency market. Kalchev emphasized that XRP's fundamental strengths and widespread adoption are key drivers of its growth. Data from Coingecko reveals that since December, XRP's price has repeatedly surpassed the $2 mark, making it one of the top-performing altcoins over the past 30 days. Additionally, Ripple's approval from the New York State Department of Financial Services (NYDFS) to launch the RLUSD stablecoin has further bolstered market confidence. Notably, XRP offers an annualized yield of up to 12% on Nexo's platform, providing investors with additional earning opportunities and drawing user interest. Kalchev stated that XRP's future trajectory will depend on Ripple's strategic decisions and market maturity, with current trends suggesting continued growth and relevance.

According to Odaily, market sources have revealed that former President Donald Trump is scheduled to meet with Amazon founder Jeff Bezos and the CEO of Google next week. This meeting is anticipated to cover various topics of mutual interest and significance. The announcement of this high-profile meeting has sparked widespread interest, given the influential roles that both Bezos and the Google CEO play in the tech industry. While specific details of the agenda remain undisclosed, the gathering is expected to address key issues that could impact both the business and political landscapes. This upcoming meeting underscores the ongoing interactions between political figures and major tech leaders, highlighting the importance of dialogue in navigating the complexities of the modern digital economy. Observers are keen to see what outcomes may arise from this engagement, as it could have implications for future collaborations or policy discussions.

According to Odaily, the U.S. stock market opened with positive momentum as all three major indices recorded gains. The Dow Jones Industrial Average increased by 0.14%, while the S&P 500 Index rose by 0.28%. The Nasdaq Composite Index also saw an uptick, climbing by 0.46%. Among individual stocks, MicroStrategy experienced a notable rise, with its shares advancing by 1.91%. These early gains in the stock market reflect a positive start to the trading day, suggesting investor optimism. The performance of the indices indicates a broad-based increase across various sectors, contributing to the overall upward trend. MicroStrategy's significant rise highlights its strong market presence and investor confidence in its business strategy. The opening gains in the U.S. stock market are being closely monitored by investors and analysts, as they may set the tone for the rest of the trading day. The positive start could be influenced by various factors, including economic data releases, corporate earnings reports, and broader market sentiment. As the day progresses, market participants will be watching for any developments that could impact the direction of the indices and individual stocks.

According to Odaily, Bitwise Chief Investment Officer Matt Hougan recently expressed on the X platform that individuals who have not invested in Bitcoin might regret their decision if the cryptocurrency reaches a value of $1 million. Hougan highlighted several bullish indicators that are currently evident in the market. Firstly, he pointed out that a former U.S. President delivered a keynote speech at a Bitcoin conference, underscoring the growing mainstream acceptance and recognition of Bitcoin. Additionally, Hougan noted that BlackRock, a leading global investment management corporation, has recommended allocating 2% of investment portfolios to Bitcoin, signaling institutional confidence in the digital asset. Furthermore, Bitcoin Exchange-Traded Funds (ETFs) have emerged as some of the most successful ETFs in history, reflecting strong investor interest and market performance. Prominent investors, such as Ray Dalio, have also advocated for holding Bitcoin, further emphasizing its potential as a valuable asset. In hindsight, Hougan suggests that incredible investment opportunities often appear obvious, and Bitcoin is currently capturing significant attention. As the cryptocurrency market evolves, these indicators may serve as pivotal moments for those considering entering the Bitcoin investment space.

According to DLNews, analysts are forecasting a significant rise in the cryptocurrency market during the Christmas season. Bitcoin is expected to potentially reach $200,000, while several altcoins are also poised to achieve new milestones. Mena Theodorou, co-founder of Coinstash, noted that Bitcoin's performance is boosting traders' optimism for a prolonged altcoin season and a possible 'Santa Rally.' Factors contributing to this bullish sentiment include the anticipated presidency of Donald Trump, decreasing interest rates, and increasing institutional adoption of cryptocurrencies. Historical data from CoinGecko indicates that the crypto market has experienced rallies during Christmas in eight of the past ten years. Analysts have varying predictions for altcoins. Liya Kalchev, an analyst at Nexo, projects that Ethereum could reach $5,000 by early 2025. Meanwhile, Arthur Azizov, CEO of crypto payment provider B2BInPay, anticipates that Ripple-linked XRP could close the 32% gap to its next record price of $3.40 by the end of the year. However, the cryptocurrency market remains unpredictable, and these forecasts are not guaranteed. In other news, the murder of UnitedHealthcare CEO Brian Thompson has captured the attention of the crypto community. Additionally, MicroStrategy, led by Bitcoin enthusiast Michael Saylor, continues to make headlines for its substantial Bitcoin holdings, raising questions about the company's other activities. The issue of 'debanking' has become contentious, with suspicions that financial institutions, possibly influenced by the Biden administration, are deliberately severing ties with crypto companies and their founders. The situation is complex, and the use of murder-themed memecoins has proven ineffective in gaining mainstream acceptance.

According to Finbold, Dogecoin (DOGE), the original meme coin, has experienced a significant surge in 2024, although it has not reached the heights of Bitcoin's (BTC) rally to $100,000 or XRP's rise above $2. Despite this, Dogecoin's performance has been noteworthy, offering substantial returns to investors. As of December 13, 2024, DOGE's price has soared to $0.40381, marking a remarkable increase from its January 1, 2021 price of $0.005685. This price movement means that a $1,000 investment in Dogecoin at the start of 2021 would have grown to approximately $70,978, reflecting a 7,003.08% increase. However, those who strategically sold Dogecoin at its peak in May 2021 could have turned a $1,000 investment into $120,453 within a few months. In the current bull market, Dogecoin began 2024 at $0.09206, and its year-to-date rally stands at 352.14%. A $1,000 investment on January 1, 2024, would have bought over 10,862 DOGE, which would be valued at $4,386 by December 13, 2024. Despite Dogecoin's impressive performance, it has not been the top-performing meme coin for long-term holders. Finbold's calculations indicate that a $1,000 investment in Shiba Inu (SHIB) on January 1, 2021, would have grown to $172,888 by December 12, 2024. For long-term Dogecoin investors, the key question in late 2024 is whether to continue holding the coin. While there is no definitive answer, investors who bought after May 2021 and before November 2024 might consider taking some profits. The cryptocurrency market sentiment suggests that the bull cycle is still in its early stages. Dogecoin appears stable, with a relative strength index (RSI) of 55.23, indicating it is neither overbought nor oversold. Additionally, DOGE has experienced 17 green days out of the last 30, reflecting optimistic investor sentiment and confidence in its continued upward trajectory. Broader market factors also suggest ongoing strength, with Bitcoin expected to rally by at least 150% in 2025 to reach $250,000. This anticipated trend for Bitcoin, often seen as a market leader, indicates a broader uptrend for digital assets.

According to Odaily, Bitwise CEO Hunter Horsley recently shared insights on the X platform about the evolution of non-human autonomous entities, drawing parallels with the historical development of corporations in the United States. Horsley highlighted that less than 200 years ago, a law was enacted in the U.S. allowing the widespread creation of corporations, which can be seen as a significant analogy for understanding the future development of autonomous AI agents. In today's world, much of the infrastructure is designed to serve corporations rather than individuals. Corporations engage in transactions using fiat currency, borrow through bond markets, determine ownership via stock markets, and reach agreements through courts and contracts. Horsley suggests that a completely new system is necessary for AI agents, one that is inherently encrypted and utilizes stablecoins and Bitcoin for transactions. This system would leverage decentralized finance (DeFi) for lending, employ smart contracts to eliminate the need for courts, and feature tokenized ownership and governance. While it may seem premature to discuss such developments, Horsley emphasizes that cryptocurrency is not merely a digital version of gold or stock investments. Instead, it aims to create an entirely new independent financial and property system for people and entities in the digital world. This vision underscores the transformative potential of cryptocurrencies and blockchain technology in reshaping financial systems to accommodate the needs of emerging AI agents.

Assets under management for spot Bitcoin ETFs have surpassed $100 billion in a year and are now challenging to surpass gold ETFs.

Before we get into our 2025 predictions, let’s take a moment to review our 2024 predictions.

This may be the last “grassroots” cycle belonging to the crypto industry, and also the last Mega cycle in which BTC will have a huge beta increase.

The announcement showed that Meitu began selling its cryptocurrencies in November 2024, and as of December 4, all of them had been sold, with a total profit of approximately US$79.63 million (approximately RMB 571 million).

According to DefiLlama data, the total market value of stablecoins has exceeded US$200 billion, of which USDT has hit a record high of US$139 billion, and the market value of USDC issued by Circle has reached US$41 billion.

The addition will reportedly double the Nasdaq 100’s exposure to Bitcoin and expose MSTR to billions of dollars in passive investments.

Michael Saylor's "debt/equity, Bitcoin, stock price" game is a double Ponzi structure, which has become the biggest time bomb in the current cryptocurrency field.

Gain in-depth insights into the Filecoin Foundation’s vision and strategic priorities. Looking ahead to 2025, the Filecoin Foundation’s primary goal is to mobilize the Filecoin community, make Filecoin run seamlessly, and achieve product-market fit.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Stablecoins play a vital role in transactions, payments, and savings in the crypto industry.