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The three major indices of the United States stock market are showing mixed trends. The Nasdaq Composite is trading at 19,835.56 points, up 0.50% from the previous day as of 00:44 on the 11th. The Dow Jones Industrial Average is down 0.02% at 44,394.86 points, while the S&P 500 is up 0.15% at 6,062.20 points.
The three major indices of the U.S. stock market closed lower. The Nasdaq Composite Index fell 0.60% from the previous session on the 10th, closing at 19,741.30 points. The Dow Jones Index fell 0.54% to 44,401.93 points, and the S&P 500 Index ended trading down 0.59% at 6,054.60 points.
Bitcoin (BTC) temporarily dropped below the $95,000 mark. Meanwhile, as of 06:05 on the 10th, BTC is trading at $94,947.83 on the Binance Tether (USDT) market, down 4.93% from the previous day.
On the 9th (local time), the cryptocurrency market insight platform Unfolded cited Kaiko data, stating that "Coinbase's market share in November fell to 6.6%, while Binance rose to 44.1%."
Bitcoin (BTC) has temporarily dropped below the $97,000 mark. Meanwhile, as of 05:11 on the 10th, BTC is trading at $96,925.32 on the Binance Tether (USDT) market, down 3.18% from the previous day.
On the 9th (local time), according to Eleanor Terrett, a Fox Business reporter, the US-based cryptocurrency and blockchain advocacy group CIFONX announced the launch of an advertising campaign stating that "Caroline Crenshaw should not be re-nominated as a commissioner of the Securities and Exchange Commission (SEC)." Previously, Brian Armstrong, CEO of Coinbase, criticized that "Caroline Crenshaw has not fulfilled her duties as a commissioner of the Securities and Exchange Commission (SEC)." The U.S. Senate Banking Committee has expressed that the re-nomination vote for Crenshaw as a commissioner of the SEC should not proceed.
According to Cointelegraph, a cryptocurrency-focused media outlet, Changpeng Zhao, former CEO of Binance, stated at the Bitcoin (BTC) MENA Conference held in Abu Dhabi that "China will likely be one of the countries to adopt Bitcoin as a strategic reserve asset." He explained, "China is expected to follow the footsteps of the BTC strategic reserve asset strategy being pursued by the Trump administration," adding, "While it is difficult to predict the exact stance of the Chinese government, it seems they are observing whether to adopt the BTC strategic reserve asset strategy, which is one of Trump's pledges." Furthermore, he added, "China can swiftly implement policies related to cryptocurrencies if they decide to do so."
According to The Block, a cryptocurrency-focused media outlet, research firm Needham has raised its target price for Coinbase from $375 to $420. The investment rating remains 'buy'. Needham analysts explained, "Due to the entry of new cryptocurrency investors, December's cryptocurrency trading volume is expected to reach an all-time high," adding, "Recently, as Bitcoin (BTC) reached $100,000, volatility has also significantly increased." Meanwhile, BTC is trading at $97,357.67, down 2.19% from the previous day, as of 04:15 on the 10th in the Binance Tether (USDT) market.
Floki (FLOKI) announced on the 9th (local time) via its official X (formerly Twitter) that it has launched a cryptocurrency debit card. Users can use this card to purchase products with cryptocurrency at Visa-affiliated merchants in 31 European countries.
Mark Yusko, CEO of the American investment firm Morgan Creek Capital Management, predicted in an interview with Cointelegraph on the 9th (local time) that "Bitcoin (BTC) will reach up to $150,000 by mid-2025." He stated, "I am confident that the four-year cycle of Bitcoin still plays a significant role in the market, regardless of the exaggerated rumors about the U.S. Bitcoin strategic reserve," adding, "According to the four-year cycle pattern, a bearish trend is expected until the end of the year, and after the bear market ends, BTC will move towards $120,000 to $150,000 by mid-2025." Meanwhile, BTC is trading at $97,778.42, down 2.05% from the previous day, based on the Binance Tether (USDT) market as of 02:34 on the 10th.
According to cryptocurrency-focused media CoinDesk on the 9th (local time), JP Morgan reported that "the total market capitalization of cryptocurrencies rose by about 45% in November, reaching $3.3 trillion, marking the highest monthly growth rate in 2024." It continued, "The overall trading volume of the cryptocurrency market also more than doubled compared to the previous month," adding, "On the other hand, NFT trading volume showed a decline. The total assets under management and trading volume of Bitcoin (BTC) ETP also increased significantly, indicating that the cryptocurrency ecosystem is becoming more structured around Bitcoin."
According to Forbes on the 9th (local time), Sam Bankman-Fried (SBF), the founder of FTX, is writing a memoir in prison. He is serving a 25-year sentence at the Brooklyn Metropolitan Detention Center (MDC). Some leaked content suggests that he mentions other inmates, stating things like "most people become introverted" or "everyone struggles to get a pillow."
Bitcoin (BTC) temporarily dropped below the $98,000 mark. Meanwhile, as of 00:38 on the 10th, BTC is trading at $97,800 on the Binance Tether (USDT) market, down 1.95% from the previous day.
The three major indices of the United States stock market are showing mixed trends. The Nasdaq Composite is trading at 19,867.77 points, up 0.04% from the previous session as of 00:10 on the 10th. The Dow Jones is up 0.04% at 44,661.91 points, while the S&P 500 is down 0.12% at 6,083.20 points.
Eric Trump, the son of U.S. President-elect Donald Trump, stated in an interview with CNBC on the 9th (local time) that "the United States will become the capital of cryptocurrency in the world," adding that "my father fully supports this." He continued, "Our family fully embraces cryptocurrency and believes in DeFi. We think this is the direction of the future," explaining that "my father is considering deregulation measures in the cryptocurrency sector." Furthermore, he added, "We will have a clear roadmap, and we expect the world to follow it," expressing his hope that "the United States truly becomes a cryptocurrency powerhouse in the world."
The three major indices of the U.S. stock market closed mixed. The Nasdaq Composite Index rose by 0.78% from the previous day, closing at 19,855.32 points on the 7th. The Dow Jones fell by 0.26% to 44,648.05 points, while the S&P 500 Index rose by 0.25% to close at 6,090.10 points.
According to Eleanor Terrett, a Fox Business reporter, the U.S. Senate Banking Committee is set to vote on the re-nomination of Caroline Crenshaw, a Securities and Exchange Commission (SEC) commissioner, next week. Crenshaw is considered a close ally of SEC Chairman Gary Gensler and is classified as a cryptocurrency skeptic, having voted against the Bitcoin (BTC) spot Exchange-Traded Fund (ETF) during its review.
The world's largest asset manager, BlackRock, stated in its '2025 Global Outlook' report, "We anticipate that emerging assets like Bitcoin (BTC) and traditional assets like gold will emerge as new means of diversification," predicting that "particularly Bitcoin has the potential to continuously increase in value due to increasing demand coupled with its limited supply." Furthermore, it noted, "In fact, Bitcoin reached an all-time high after the U.S. presidential election, as investors considered the pledges of President-elect Donald Trump," adding, "Moreover, if Bitcoin adoption becomes widespread, the risk and return profile of investments will be completely redefined." Additionally, it analyzed, "At that point, Bitcoin could be more suitable as a tactical hedge against specific risks, similar to gold. In the past, investors purchased gold to hedge against high inflation, and central banks of major countries accumulated gold as an alternative to reserve currencies, causing gold prices to soar." It also added, "It is crucial to examine how the performance of these alternative assets has changed compared to existing asset classes," stating, "Bitcoin could potentially become a means of diversification due to its role as a store of value and payment system."
Bitcoin (BTC) briefly recovered to the $101,000 level. Meanwhile, BTC is trading at $101,430.76, up 0.21% from the previous day, as of 03:15 on the 7th, based on the Binance Tether (USDT) market.
On-chain analysis firm Glassnode co-founders Jan Happel and Yann Allemann stated on the 6th (local time) via their X (formerly Twitter) account Negentropic that "Despite the sharp drop in Bitcoin (BTC), Altcoins are relatively maintaining their strength well," and added, "In particular, Swissblock's Bitcoin-Altcoin cycle indicator has reached 100." They continued, "This shows that the Altcoin season has officially begun," and analyzed that "Altcoin volatility is expected to increase this weekend."
David Schwartz, Chief Technology Officer (CTO) of Ripple (XRP), attended The Block's virtual asset (cryptocurrency) conference on the 6th (local time) and stated, "While the goal to launch Ripple's own stablecoin, Ripple USD (RLUSD), within this year remains unchanged, the situation is uncertain due to holidays and other factors."
According to Infinite Market Cap data on the 6th (local time), Ethereum (ETH) surpassed Mastercard's market cap, exceeding $485.7 billion. On this day, ETH rose to 27th in the global asset rankings but fell to 29th at 1:12 AM KST. Meanwhile, ETH is trading at $3,986.82, up 2.40% from the previous day, based on the Binance Tether (USDT) market as of 1:10 AM on the 7th.
Ju Ki-young, CEO of CryptoQuant, stated on the 6th (local time) via X (formerly Twitter) that "when Bitcoin (BTC) reaches $1 million, it will surpass the market capitalization of Gold." He explained, "Before the approval of the Gold ETF in 2004, Gold's market cap was $1 trillion, but now it amounts to $17.8 trillion. Assuming the intrinsic value of Gold is $1 trillion, the remaining $16.8 trillion represents the demand for Gold as a safe asset and inflation hedge." He continued, "Bitcoin's current market cap is $2 trillion, and if the demand for Gold shifts to Bitcoin, a 750% increase is possible," emphasizing that "considering inflation, the surpassing of $1 million by Bitcoin is not a matter of possibility but of timing."
Julio Moreno, a senior analyst at CryptoQuant, reported on the 6th (local time) via X (formerly Twitter) that the 'Inter-Exchange Bitcoin Flow' (IFP) indicator, which tracks the movement of Bitcoin from other exchanges to Coinbase, remains in the bullish zone. He further explained, "Sophisticated traders might be moving Bitcoin (BTC) stored on other exchanges to capture the Coinbase premium, as the demand for Bitcoin increases, causing Coinbase prices to be higher than elsewhere."
Ethereum (ETH) temporarily recovered the $4,000 mark. Meanwhile, as of 00:06 on the 7th, ETH is trading at $4,006.20 on the Binance Tether (USDT) market, up 2.03% from the previous day.
The three major indices of the U.S. stock market are showing an upward trend. The Nasdaq Composite is trading at 19,833.77 points, up 0.68% from the previous day as of 00:02 on the 7th. The Dow Jones is up 0.14% at 44,830.58 points, and the S&P 500 is recording a 0.37% increase at 6,097.50 points.
The three major indices of the U.S. stock market closed lower. The Nasdaq Composite recorded a 0.16% decrease, closing at 19,702.73 points on the 6th. The Dow Jones Industrial Average fell by 0.57% to 44,757.93 points, and the S&P 500 index ended trading with a 0.20% decline at 6,074.40 points.
According to cryptocurrency-focused media outlet Cointelegraph on the 5th (local time), Anchorage Digital has become the first US bank to support the liquid staking token LsETH. Anchorage Digital provides services to institutions within the United States, including venture capital firms, asset managers, and blockchain protocols. Meanwhile, ETH is trading at $3,820.01, down 1.38% from the previous day, based on the Binance Tether (USDT) market as of 05:57 on the 6th.
According to Bloomberg on the 5th (local time), after Bitcoin (BTC) surpassed $100,000, some traders have started buying put options to hedge against potential declines. Open interest in put options with strike prices between $95,000 and $100,000, and $75,000 to $70,000 has increased. The expiration dates are concentrated in December and January of next year. However, despite the increase in demand for put options, the open interest in put options remains lower than that of call options. Meanwhile, BTC is trading at $99,077.20, up 0.16% from the previous day, as of 5:49 AM on the 6th, based on the Binance Tether (USDT) market.
Bitcoin (BTC) temporarily returned to the $99,000 level. Meanwhile, BTC is trading at $98,974.84, up 1.90% from the previous day, as of 04:56 on the 6th, based on the Binance Tether (USDT) market.