UAE holds $40 billion worth of Bitcoin
The UAE has actively created a favorable environment for the development of cryptocurrencies through initiatives such as the Cryptocurrency Center at the Dubai Multi Commodity Center.
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In the past 24 hours, 139,096 traders were liquidated, with total liquidations reaching $339.25 million. The largest single liquidation order occurred on Bitmex for XBTUSD, valued at $2.91 million 🫠
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El Salvador purchased 11 BTC for their Strategic Bitcoin Reserve 🔥
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Brian Brooks, former acting director of the U.S. Monetary Administration, joined the board of directors of MicroStrategy ✨
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The U.S. Securities and Exchange Commission (SEC) said that Tai Mo Shan Ltd., a subsidiary of Jump Trading. It will pay $123 million to settle the accusations of misleading investors by stabilizing the currency during the TerraUSD crash 💥
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Ondo announced a donation of $1 million to the Trump Inauguration Fund to assist in the formulation of new encryption policies 💰
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📊 On December 20th, the U.S. spot Bitcoin ETF saw a net outflow of $57.4 million from GBTC, while Bitcoin (BTC) had a net inflow of $6.4 million. The spot Ethereum ETF experienced a net inflow of $7.5 million in ETHE and $8.1 million in Ethereum (ETH)
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El Salvador adds 11 Bitcoin to its reserves just after a $1.4B IMF deal limiting government Bitcoin activities. Total holdings now 5,980.77 BTC (~$580M). 📈
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🗞 December 20, 2024 cryptocurrency news highlights
【Cryptocurrency】
Dogecoin (DOGE) dropped 12.4% to $0.31 in 24 hours amid a broader crypto market decline following Fed Chair Powell's inflation remarks. Trading volume surged 67% to $10.25 billion, with DOGE now 35% below its 2024 high of $0.47. Its market cap remains $46.6 billion, ranking it as the seventh-largest cryptocurrency.📉
【Economy】
Cryptopia, the New Zealand-based crypto exchange that filed for liquidation after a 2019 hack and a subsequent theft by a former employee in 2021, has started returning millions in crypto to users.
【Indicators】
The total market value of cryptocurrency fell below 3.4 trillion US dollars, a 24-hour drop of 9.4%
【More】
Trump’s crypto project World Liberty lost $6.15 million in cryptocurrency positions
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The total market value of cryptocurrency fell below 3.4 trillion US dollars, a 24-hour drop of 9.4%
The total market value of cryptocurrency fell below US$3.4 trillion to US$3.399 trillion, a 24-hour drop of 9.4%; the current market value of Bitcoin has dropped to US$1.88 trillion, and its market share has dropped to 55.6%; Ethereum has the lowest market value 396 billion US dollars, accounting for 11.6% of the market.
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NFT monthly sales in December reached US$636.8 million, a new high since April
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Dogecoin (DOGE) dropped 12.4% to $0.31 in 24 hours amid a broader crypto market decline following Fed Chair Powell's inflation remarks. Trading volume surged 67% to $10.25 billion, with DOGE now 35% below its 2024 high of $0.47. Its market cap remains $46.6 billion, ranking it as the seventh-largest cryptocurrency.📉
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In the last 24 hours, 306,913 traders were liquidated, totaling $1.03 billion. The largest single liquidation was an ETHUSDT position worth $15.80 million on Binance🫠
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BlackRock’s spot Ethereum ETF (ETHA) now holds over 1 million $ ETH.🔥
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Bitcoin recovers above $97,000
According to HTX market data, Bitcoin rebounded to break through $97,000 and is now quoted at $97,101, a 24-hour drop of 1.3%.
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Bitcoin dropped below $97,000, currently trading at $96,879, with a 24-hour decrease of 0.41%.💰📉
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Over the past week, Bitcoin has dropped 4.18%, while Ethereum has fallen more than 13% against the U.S. dollar. Many other cryptocurrencies have experienced even larger declines, with some losing 20% or more 📉
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🗞 December 21, 2024 cryptocurrency news highlights
【Cryptocurrency】
El Salvador adds 11 Bitcoin to its reserves just after a $1.4B IMF deal limiting government Bitcoin activities. Total holdings now 5,980.77 BTC (~$580M) 📈
The 12 U.S. spot bitcoin ETFs recorded $680 million in outflows with the broader crypto market continuing to face a downturn 📤
【Economy】
Brian Brooks, former acting director of the U.S. Monetary Administration, joined the board of directors of MicroStrategy ✨
【Indicators】
Ethereum NFT collections drive weekly volume to $304M. It is reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This represents 66% of all NFT sales volume over the past seven days 💪
【More】
Ondo announced a donation of $1 million to the Trump Inauguration Fund to assist in the formulation of new encryption policies 💰
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Ethereum NFT collections drive weekly volume to $304M. It is reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This represents 66% of all NFT sales volume over the past seven days 💪
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Bitcoin rebounded to $99,000, completely smoothing out yesterday's decline ⬆️
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Dogecoin Faces $3 Resistance While This $0.02 Al Altcoin Gains Momentum With 70,000% Growth Potential👀
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The 12 U.S. spot bitcoin ETFs recorded $680 million in outflows with the broader crypto market continuing to face a downturn 📤
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Trump’s crypto project World Liberty lost $6.15 million in cryptocurrency positions
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Cryptopia, the New Zealand-based crypto exchange that filed for liquidation after a 2019 hack and a subsequent theft by a former employee in 2021, has started returning millions in crypto to users.
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Binance Futures Open Interest has decreased by 5.75% in the last 24 hours, currently standing at $32.435 billion.🔸
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📊 Yesterday, in the U.S. Bitcoin spot ETFs, ARKB saw a net outflow of $108.4 million, BITB had a net outflow of $43.6 million, Grayscale BTC experienced a net outflow of $188.6 million, and Grayscale GBTC saw a net outflow of $87.9 million
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Bitcoin (BTC) just dropped below $96,000, currently trading at $95,570, with a 4.58% decrease in 24 hours 🔽
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