2 minutes to look at the market on December 7
📌 Market movements in the last 24 hours:
- BTC returned to the $100k mark after the KILL LONG event yesterday morning
- An additional 2 billion USDT minted due to the current high demand for stablecoins
- Altcoins are taking turns to increase in price, with no single narrative completely outperforming
- Over 930 million USD netflow of stablecoins deposited on exchanges in the last 24 hours
📌 Strongest Gains/Losses:
- $HBAR (+22.5%)
- $CRV (+18.6%)
- $IOTA (+13.6%)
📌 Notable cash flow on Binance:
- DeFi: $CRV, $LQTY, $YFI, $SUSHI
- Old L1: $ONE, $HBAR, $IOTA
...
📌 3 news articles to read at the start of the day:
- 93% of GameFi projects have "died," with an average lifespan of only 4 months
- The Crypto market is rising sharply, who benefits the most?
- France proposes to tax Bitcoin and Crypto