Cryptocurrencies:
Exchanges:
Market Cap:
24h Vol:
Dominance:
GAS:
Fear & Greed:

Market Summary Reached ETH

Dec 19, 2024
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1️⃣ Bitcoin surpasses $106K, Ethereum returns to $4K

BTC: Stabilizing around $106,533, driven by strong institutional demand and Trump's "Bitcoin Reserve" proposal.

ETH: Reaching $4,000, with a record $428M inflow into Spot ETFs, reflecting positive sentiment around staking and DeFi.

1️⃣ Strong Capital Inflows (Green) in December, Reaching Record Levels Alongside ETH Price Surge Near $4,000

2️⃣ Crypto ETFs Attract $4B in Just 11 Days

Ethereum ETFs had their best week ever, attracting $855M despite market volatility.

3️⃣ Debate on Bitcoin Security and Quantum Computing

Google's Willow chip raises concerns about BTC security, with Avalanche CEO warning that Satoshi’s 1.1M BTC stash could be at risk due to outdated algorithms.

However, analysts argue that the threat from quantum computing is still a long way off.

4️⃣ U.S. Politics Supporting Crypto

President-elect Trump is considering Brian Quintenz (Andreessen Horowitz) for the CFTC chairman role.

French Hill could lead the House Financial Services Committee with a positive stance on crypto.

5️⃣ Stablecoin Market Cap Surpasses $200B for the First Time

Stablecoins are becoming a major pillar of global finance.

USDT leads with $139B, followed by USDC ($40B), and other stablecoins ($21B).

Stablecoin Supply Curve Soars Since the End of 2023, Reflecting Growing Demand in Financial Transactions.

6️⃣ Ethena: USDe Surpasses DAI, TVL Reaches $4.3B

USDe has reached a $4.36B TVL, surpassing DAI, thanks to attractive yields from funding rate markets.

USDe's TVL Doubles in Just One Month, Reaching a New High of $4.3B, Reflecting Large Capital Inflows into the Ethena Platform.

7️⃣ Ripple's Stablecoin RLUSD Approved by NYDFS

This news caused XRP to rise by 4%, making it one of the top 10 coins with the strongest gains of the week.

8️⃣ Other Notable Events:

  • Azuki NFTs surged due to rumors about an ANIME project.
  • Solana DEX reached a cumulative trading volume of $920B.
  • FTX recovered $14.5M from political donations.

 

🚀 Conclusion:

Bitcoin and Ethereum lead with new milestones, driven by institutional capital inflows and positive news.

Stablecoins and DeFi are solidifying their roles in the financial ecosystem, laying the foundation for further growth.

 

#COINMAP

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