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Binance Market Update: Top Stories December 16, 2024
According to CoinMarketCap data, the global crypto market cap is $3.65T, a 0.20% increase over the last day.Bitcoin (BTC) traded between $102,021 and $106,648 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $104,749, up by 2.67%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include COW, CETUS, and DEGO, up by 42%, 16%, and 13%, respectively.Top stories of the day:Bitcoin Surges Past $106K, Retreats Ahead of Hawkish Fed Rate CutFed Rate Cut Impact on Cryptocurrency Prices Expected to be LimitedBitcoin-to-Gold Ratio Hits Record High as BTC Surpasses $106,000Digital Asset Investment Products Achieve Record $44.5 Billion Year-to-Date InflowsQCP Capital: Bitcoin’s Surge Driven by Market Sentiment, Fed Meeting Impact MinimalNomura Predicts Stronger Dollar in 2025 Amid Economic ChallengesMicroStrategy Hints at Potential Bitcoin Purchase over $100,000Trump's Potential Bitcoin Reserve Plan UnveiledThird U.S. State to Launch Strategic Bitcoin Reserve LegislationWeekly Token Unlocks: ARB, APE, QAI, and More Set for Major ReleasesMarket movers:ETH: $3949.8 (+2.50%)XRP: $2.3961 (-0.38%)SOL: $219.38 (+0.32%)BNB: $710.28 (+0.08%)DOGE: $0.40127 (+0.73%)ADA: $1.0756 (+0.43%)TRX: $0.2814 (+0.50%)AVAX: $49.14 (-0.45%)LINK: $29.51 (+2.75%)TON: $6.324 (+1.85%)
$BTC While Bitcoin (BTC) has weathered the storm relatively well, losing a little over 2% to trade at $95,800 as of Dec. 10, the same can’t be said for most altcoins. Bitcoin had faced criticism in the past, however, following Trump’s endorsements, the opinions are now changing. The soaring adoption could set the stage for a massive price uptrend for Bitcoin. The Galaxy Digital CEO Novogratz speculated that Bitcoin would trade at $500,000 per coin if the US established its proposed Bitcoin Public firms globally have also increased their exposure to the flagship crypto, which has pushed it past $100,000.
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$BTC The Bitcoin OGs no longer have control of the global crypto markets, even if they have made the highest profits,” said longtime crypto investor Michael Terpin. “Ownership of large amounts of Bitcoin is different from control of Bitcoin. Governments own a large portion of the world’s gold, but they don’t have control
powerful new friend. Speaking at a major bitcoin conference in Nashville in July, he promised to create a friendlier business environment if re-elected:
We will have regulations, but from now on the rules will be written by people who love
$BTC Bitcoin US spot ETF recorded a mild outflow of $136.5 million last week, while stablecoin reserves on Binance reached a new all-time high. Bitcoin (BTC) trades slightly lower and hovers below $99.500 on Monday after last week’s minor correction. MicroStrategy co-founder Michael that asks how high Bitcoin will get before 2026 shows 52% odds for $125,000 or above and 44% odds for $150,000 and above.
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$BTC bitcoin market return may increase or decrease as a result of currency fluctuations. Actual execution price may vary.
Bitcoin US spot ETF recorded a mild outflow of $136.5 million last week, while stablecoin reserves on Binance reached a new all-time high. Bitcoin (BTC) trades slightly lower and hovers below $97.500 on Monday after last week’s minor correction. MicroStrategy co-founder Michael