๐จ Crypto Market Update โ Dec 20, 2024 ๐จ
๐น Global Market Cap: $3.25T (-7.73%)
๐น BTC Price: $98,448 (+3.46%) | Range: $92,233โ$99,541
๐น Top Gainers: DF (+98%), ZEN (+51%), COW (+49%)
๐ Liquidations: $118M in 12 hrs
Longs: $43.14MShorts: $73.84M
๐ฆ Macro Highlights:
MicroStrategy: +$1.5B BTC purchase | 439K BTC held (~$47B). Fed Rate Cut: Down
to 4.25โ4.5%; slower cuts expected in 2025.ETF Outflows: $680M from BTC ETFs
after a 15-day inflow streak.
๐ Ethereum Insights:
Price struggles at $4,000, support near $3,000.Exchange ETH balances hit an
8.5-year low (9.2M ETH).Spot ETH ETFs: $2.43B inflows; projected target: $6,000
by Q4 2025.
๐ Key Events Next Week:
Mon: U.S. Consumer Confidence IndexThu: Initial Jobless Claims
โ ๏ธ Holiday Caution: Low liquidity may increase market volatility.
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