Market dynamics on December 16: BTC hits a new high, standing firm at the $100,000 milestone; U.S. stocks fluctuate, MicroStrategy joins NASDAQ

Bitget App

Trade smarter

Bitget2024/12/16 02:34

I. Market Dynamics

1. BTC continues to rise and set new highs, firmly standing at the $100,000 mark. Funds are moving from virtual to real, with exchanges speculating on Trump narratives in defi and chain speculation on ai agent narratives.

2. U.S stocks fluctuate as MicroStrategy joins NASDAQ.

II. Market Focus

1. DEFI's COW and ENA surge significantly. The Trump family funds use aggregator COW to purchase stablecoin ENA and RWA's ONDO; recently, Trump's orders have greatly exceeded Musk's orders.

2. Public chains FTM and SUI are rising; FTM will launch its second-generation mainnet SONIC next week; SOL/BTC exchange rate breaks the annual line, SOL may not have excess returns in the coming months, animal MEME on SOL chain takes a temporary rest.

3. Payment coin UTK surges significantly; UTK is an old coin from 2017 that has been speculated by market due to homophonic jokes; Twitter payment renamed XMONEY which shares the same full name with UTK.

4. The market value of HYPE on-chain DEX enters top 10 reaching a peak of $25 billion USD; HYPE founder has similar background as SBF being a market maker by profession leading to comparisons with FTX speculation in the market.

5. On-chain AI coins like FARTCOIN, ARC & VIRTUAL surge significantly.FARTCOIN’s market cap surpasses GOAT.ARC is an AI platform similar to ELIZA of AI16Z.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!