|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Falls Below $94.5K, Market Faces Challenges, U.S. Bitcoin ETF Experiences Outflow of Nearly $300M
Dec 23, 2024 at 11:45 am
After climbing to $99,500, Bitcoin continued to fall and has now fallen below $94,500. The market is also facing challenges, with the U.S. Bitcoin ETF experiencing an outflow of nearly $300 million.
Bitcoin fell below $94,500 on Friday (December 23) after hitting $99,500 earlier in the week. The U.S. Bitcoin ETF also experienced an outflow of nearly $300 million.
However, technology giant Microsoft is against the move as some companies continue to build up Bitcoin reserves. Interestingly, Nexo and 7RCC Global have launched ESG-oriented Bitcoin ETFs.
Despite the market volatility, Pomp Investments founder Anthony Pompliano is optimistic, expecting Bitcoin to perform strongly in 2025.
The Ethereum market also showed signs of recovery with increasing buying momentum. Although prices are still facing obvious downward pressure, the interest of institutions, especially large investors, is rising.
During this period, the entire crypto industry continued to develop rapidly, and Bitcoin still maintained its market dominance. However, Bitcoin failed to hold the $100,000 mark, raising market concerns about a possible pullback.
On the other hand, crypto investment remains hot. Halliburton has invested in bitcoin mining through 360 Energy, a subsidiary based in Austin. Chinese auto dealer Cango also plans to expand its crypto business. Moreover, bitcoin investment in the UAE has hit a record high of $40 billion.
As author Robert Kiyosaki points out, traditional financial institutions still face many questions as we enter the digital age.
Overall, the performance of the Bitcoin and Ethereum markets reflects the contradictions in investor sentiment, with expectations of breaking new highs but also concerns about the risk of a pullback.
**Key data (as of 10:25 HKT on December 23)**
S&P 500: 5,930.85 (+20.74% year-to-date)
Nasdaq: 19,572.60 (+30.55% year-to-date)
10-year Treasury yield: 4.532% (+64 basis points this year)
US dollar index: 107.73 (+6.26% year-to-date)
Bitcoin: $95,487.38 (+119.0% year-to-date), with a daily spot volume of $43.499 billion
Ethereum: $3,330.05 (+45.70% year-to-date), with a daily spot volume of $22.795 billion
**ETF flows (EST, December 20)**
Bitcoin ETF: -$277 million
Ethereum ETF: -$75,115,900
**Important Dates**
With the Christmas holiday approaching, Hong Kong stocks and financial markets in many European countries will be closed for two and a half days starting from Tuesday (24th), and US stocks will be closed for one and a half days.
**Hot News**
Powered by OSL - Hong Kong's largest OTC trading platform, providing regulated digital asset services to the market since 2018.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Rexas Finance (RXS): The $0.15 Token Targeting the Top
- Dec 23, 2024 at 07:05 pm
- The market for cryptocurrencies is not new in terms of abrupt changes; rising initiatives often question the supremacy of established titans. This time, Rexas Finance (RXS), a bright newcomer valued at just $0.15, is starting to emerge as the token ready to challenge Tron (TRX) in adoption and market size.
-
- Aptos (APT) and DTX Exchange (DTX) Defy Crypto Market Sell-Off, While Dogecoin (DOGE) Breaks Below $0.30 Support
- Dec 23, 2024 at 07:05 pm
- With the wave of sell-offs in the crypto market currently, it is interesting to see that some assets are defying the trend. Aptos (APT) and DTX Exchange (DTX) have emerged as strong performers, showing resilience despite mounting selling pressure.