December 25 Market Dynamics

Bitget App

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Bitget2023/12/25 01:46

I. Macro Trends

1. Market Trend: The market is falling. Capital rotation accelerates, old coins are catching up, and "shitcoins" are flying randomly.

2. U.S stocks fluctuated. U.S stock market was closed on Monday for Christmas, the market predicts a 90% probability of interest rate cuts in March.

II. Market Hotspots

1. SOL of L1 surged, becoming one of the top three public chains by market value. Both spot and futures trading volumes of SOL exceeded BTC's volume.Zebrc's Instant allows SOL and USDC to be recharged onto debit cards, similar to BUSD.

2.MOVR, ACA, GLMR,and KSM from Polkadot have surged significantly.Funds rotate into lagging Polkadot system,the trend enters its later stages.

3.OP and METIS from L2 soared.OP unlocked $80 million worth this week.METIS established an ecological foundation with allocated funds.Ethereum announced the testnet time for Cancun upgrade.

4.BAKE from BTC ecosystem has surged significantly.Bake released its next IDO project Bitland.

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.

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