Market Overview on December 27, 2024

1. Market Trends

11,551,223,944 BTC has dropped significantly, with altcoins also falling, erasing the gains made in December.

US stocks are volatile. The current expectation in the currency market is that there will be a 38 basis point rate cut next year, which implies a 50% chance of the Federal Reserve conducting a second 25 basis point rate cut next year.

2. Market Highlights:

1. Binance new coins rebound, $me, $vana, $the, $velo, $move, $penguin, etc. Usually, before the new round of $launchpool comes out, they will typically pump the previous new coins to create some excitement.

2. On-chain meme coin $mira surged, as the project received endorsements from bio and ai16z, akin to China's version of water droplet fundraising for medical treatment, with the donor being an entrepreneur. 53,751,711,653 ETH chain hippo surged, Thai hippo got adopted by Vitalik Buterin. The meme has surged 100 times in the past two months, which Musk mentioned early on.