The new week started with BTC breaking its historical high in the morning. With every new high, there are always concerns about a pullback; these worries are more psychological. After all, it is still the FOMO time in Asia, and the points to truly be concerned about will be seen after the American stock market opens in the evening.
Currently, the good news is that MSTR has been included in the Nasdaq 100, and institutional funds continue to accumulate positions, undoubtedly injecting more confidence into the market, setting the stage for BTC to continue its upward trend! Hopefully, tonight will see significant performance in ETFs, meaning don't crash BTC. The sentiment remains very positive.
The most important event this week is the Federal Reserve's interest rate meeting on the 19th. According to current market forecasts, there is over a 95% probability of a 25 basis point rate cut, which is favorable for the market. The market is likely to take this opportunity to rise. Previously strong altcoins should be monitored again. In the absence of new strong stimuli in this round, the market has been trading in cycles, and after AI, it might start to focus on strong altcoins again, such as Pepe, Sol, Punt, Doge, etc.

Trump has once again confirmed his commitment to establishing a Bitcoin strategic reserve, and it seems he is serious. This is a shot in the arm for Bitcoin's market. Bitcoin broke through the December 5 high this morning, setting a new historical high.

Prices are continuously reaching new highs, and since the weekly level has not accelerated yet, the weekly level will still maintain the current upward rhythm, continuing to break through step by step and constantly creating new historical highs. The daily level is experiencing normal adjustments. Trump will officially enter the White House in January, so there are still many positive expectations ahead, and ETF funds are still continuously flowing in, so don’t be afraid; the bull market is not over yet.

On December 16, according to OpenSea data, the floor price of the NFT Pudgy Penguins broke through 34 ETH, currently reported at 34.2 ETH (approximately 137,000 USD), with a 24-hour increase of 22.5%; its sub-series NFT Lil Pudgys broke through 4 ETH, currently reported at 4.24 ETH (approximately 17,000 USD), with a 24-hour increase of 20.9%.
Notably, the Pudgy Penguins series has seen astonishing growth in this bull market. OpenSea data shows that its floor price has increased from around 11 ETH to 34 ETH in the past month, equivalent to about 980,000 RMB; and its market value has reached 300,000 ETH, approximately 1.19 billion USD as of the time of writing.

One of the most popular meme coins, Shiba Inu, is gaining traction in the cryptocurrency market, with analysts observing bullish signals. According to a recent analysis by well-known cryptocurrency analyst Alan Santana on TradingView, Shiba Inu is showing encouraging movement that could set the stage for a significant rally.

Although it behaves differently than other altcoins and memecoins, it may now be poised for a major breakout.
Shiba Inu Bullish Trend and Ecosystem Growth
According to Santana's technical analysis, Shiba Inu's daily chart shows an oval trend with higher highs. The price has been holding near $0.000024 for more than a month, suggesting a potential accumulation period ahead of a more significant upward wave.

After a few days of bull market pullback, ETH prices once again crossed 3900 USD. Reflecting on Ethereum's development over the past year, many complex factors and emotions are at play. On one hand, the Cancun upgrade was successfully completed, and the spot ETF was officially approved, presenting a new bull market appearance from both technical and fundamental perspectives. However, on the other hand, as Bitcoin, SOL, and BNB continuously broke historical highs, ETH's price still lingered around the 4000 USD mark.

From the ETH price chart above, it can be seen that Ethereum has gone through three major phases this year, with the price increases in each phase corresponding to different reasons. At the beginning of the year, the approval of Bitcoin spot ETFs led to a rise in Ethereum's price following market sentiment, briefly surpassing 4100 USD, but by the end of March, it began to decline along with the broader market. Additionally, due to the strong surge of SOL and its ecosystem, the Ethereum ecosystem faces significant liquidity outflows.

Today, cryptocurrency prices reflect bullish momentum, as Bitcoin (BTC) set a new all-time high of $106,000. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also experienced gains in the past 24 hours. Fantom (FTM) led the gains at 17%, followed by Stacks (STX) at 15%.
The global market cap increased by about 3% to $3.74 trillion, with trading volume up 20% to $147 billion. The Fear and Greed Index shows a value of 80, indicating extreme greed in the market, further highlighting the positive sentiment in today's cryptocurrency prices.

Bitcoin is rising as expected, and the market has just started. As early as a week ago, it was mentioned that Bitcoin would have another wave of growth at the end of the year, and now it has finally started! However, many people are still hesitant, will the end-of-year rise continue?

Some old investors think they should exit, believing that 100,000 is the peak. This idea is not surprising, because Bitcoin has been sideways around 100,000 for a long time, which is easy to create illusions. However, the current price is risky to chase high. Repeatedly emphasize the success-failure ratio, you might as well think about it seriously. Relatively speaking, the ETH/BTC exchange rate seems to be lagging behind. I believe the exchange rate will rebound. In other words, the current ETH price is undervalued. As for whether to dare to invest, I think most investors dare not. Many people would rather chase high Bitcoin than chase the undervalued ETH. The reason is simple. This is a deep-rooted investment psychology: chasing up and killing down. December is a good time for cryptocurrencies, and everyone can look forward to it. Since last Sunday, Bitcoin has shown a strong upward momentum and successfully broke through the high of 106,648. This wave of market has made many people shine, and they all hope to take this opportunity to profit. However, reality is often contrary to ideals. In this wave of market, many altcoins failed to keep up with Bitcoin, but stagnated due to the market's blood-sucking effect. For investors holding altcoins, this is undoubtedly a heavy blow. The expected lucrative returns have now become a bubble. The arrival of the altcoin season does not mean that every altcoin will usher in spring. In this market full of variables, choosing the right investment target and formulating a reasonable investment strategy are the keys to success. There are also new developments in the crypto asset project of former US President Trump. Recently, the project has purchased several new assets including AAVE, Link, ENA, ONDO, etc.

Strike CEO and founder Jack Mallers stated that U.S. President-elect Donald Trump will implement the promised Bitcoin strategic reserve on his first day in office on January 20, 2025. On Monday (December 16), Bitcoin surged to a historic high of $106,641, before slightly retreating. Wall Street's largest publicly traded whale, MicroStrategy, hinted that it purchased more Bitcoin last week, firmly increasing its holdings at an average price exceeding $100,000.

CoinTelegraph reported that Mallers explained Trump might rely on provisions in the so-called "Dollar Stabilization Act" that grant him significant power to protect the dollar. He envisioned, "(Trump) could utilize an executive order on the first day to purchase Bitcoin."

The owner of the internet celebrity 'Peanut the Squirrel', Mark Longo, has taken legal action against the global cryptocurrency exchange Binance.

He claims the company used images and narratives of Peanut without permission, infringing on his intellectual property.
Despite facing legal action, the price of Peanut the Squirrel (PNUT) has not changed.
Longo claims that this unauthorized use infringes on his rights and undermines the originality of his creative works.
Longo claimed on his X account Squirrel_Dad: 'My legal team has filed a lawsuit against Binance, accusing them of using my intellectual property without authorization, including images and stories themed around my beloved animal. This is the first of many cease-and-desist letters. I am committed to protecting my creative works and sending a clear message: unauthorized use of my intellectual property will not be tolerated.'

The price of Ethereum surged again to $4,000, which cannot be a coincidence. Just 6 hours before the price surged, two multi-signature wallets with a common creator address withdrew their first ETH and staked it. Perhaps some new institutions are starting to accumulate Ethereum. Their unrealized profits grew to $517,754 and then fell back to $157,570 as the ETH price dropped to $3,930.
Decompose
Two multi-signature wallets 0x23a…dad and 0xc9c…d04 withdrew a total of 4,502 ETH from Binance, worth $17.54. This is the first withdrawal for these two wallets. Interestingly, both multi-signature wallets share a common creator wallet 0x7cf…617. The withdrawals were executed between the ETH price of $3,880 and $3,900. These tokens were subsequently staked to KelpDAO.

Driven by a historic market surge, some countries are considering establishing national Bitcoin reserves. In recent weeks, the world's largest cryptocurrency, Bitcoin, has reached new highs, with its price first breaking $100,000 earlier this month.

U.S. President-elect Donald Trump and his allies have repeatedly supported a bill to have the Federal Reserve hold Bitcoin reserves, and this goal may soon be realized.

Brazilian government officials have also proposed legislation to realize this possibility, while politicians from Poland and Russia support the idea of adding digital currencies to their national balance sheets.

On the charts, XRP is hovering within a descending triangle pattern and is clearly struggling. Although XRP experienced a significant spike earlier, it is currently still working to recover and break through important resistance levels. The digital asset is currently testing the upper limit of the descending triangle, which is a significant resistance area at $2.17.

XRP currently faces the largest resistance level at $2.50, with sellers consistently refusing to allow an increase. A breakout above this level could push XRP towards $2.80, which is a key resistance level from the asset's recent peak. If XRP can break through the current descending triangle, bullish momentum may return and allow for more upward space. Conversely, the 26 EMA or $2.05 is XRP's recent support level.

With Bitcoin's new highs as a reference, the altcoin bull market has progressed about 20%, still offering ample entry opportunities. Many altcoins currently appear to be struggling, failing to break through while Bitcoin continues to reach new highs. Only a few have started to gain momentum, such as XRP, ADA, TRX, XLM, and LINK, which are either hitting new highs or approaching previous highs. The prices of most secondary altcoins on major exchanges are still hovering at bear market levels, which actually presents opportunities. As long as the projects are still operational, it is highly likely that institutions have already intervened to gain control. When the timing is right, a 3-5x return can be achieved in just 7 days or even within a day, and in less than a month, the price can surge as much as 3-4 years of consolidation. Altcoins can complete Bitcoin's 2-year bull market process in just 7 days, and in a truly explosive bull market, 99% of secondary altcoins on major exchanges will experience significant surges, with many achieving 3-5x or even more than 10x increases.

Wall Street asset management giant VanEck predicts that Bitcoin, Ethereum (ETH) and Solana token SOL, a US blue chip public chain, will all hit record highs in 2025. The agency rarely predicts that Bitcoin will reach $180,000 next year. BlackRock recommends that no more than 2% of the portfolio be invested in Bitcoin.
“We believe the cryptocurrency bull run will continue until 2025 and reach its first peak in the first quarter,” VanEck wrote in its latest cryptocurrency forecast. “At the peak of the cycle, we forecast Bitcoin to be worth around $180,000, while Ethereum will trade at over $6,000. Other well-known projects, such as SOL and SUI, could exceed $500 and $10, respectively.”

In the past week, regardless of whether the market was rising or falling, the daily trading volume of altcoins has consistently remained above 40%, indicating that the flow of funds has clearly shifted towards altcoins. Once this trend is established, it is usually not easily changed. Therefore, adhering to the principle of 'the strong will continue to be strong' helps to filter out leading coins with greater potential in the future.

When selecting altcoins, two criteria can be used for screening: first, the coin price has broken through the resistance zone from March of this year; second, the price has the smallest decline during pullbacks and the largest increase during rebounds. This approach can more effectively identify potential coins and seize opportunities amid market fluctuations. The operational strategy can be to moderately buy during small dips, increase buying intensity during large dips, and be more aggressive during crashes, thus effectively capturing the rebound opportunities of altcoins.

According to the new announcement, the Tomarket airdrop listing date is set for December 20th to launch the TOMA token on http://Gate.io.

Telegram gamers are witnessing the formation of another milestone as a mini-game team is developing the Tomarket airdrop and TOMA token on December 20. The team has 50 million users and 6 million daily active users, and they will launch the token and conduct a large-scale token distribution to eligible users. As a result, expectations for the performance of the TOMA price are rising. Interestingly, the team has already allocated 30% of the airdrop in October, and another 30% will be redistributed when the token is released this month.