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The cryptocurrency market experienced notable outflows from Bitcoin and Ethereum spot exchange-traded funds (ETFs) on December 30.
Bitcoin has edged higher over the past day despite global de-risking pulling equities lower, however, its 30-day Nasdaq correlation has climbed above 0.50, K33 Research reports.December’s FOMC meeting is seen as a major catalyst for the downturn in risk assets, with the Fed cutting its 2025 rate cuts forecast from four to two, analysts said.
Quick Take While it was politics this year that bolstered Polymarket, the platform also opened other — and certainly weirder — prediction markets. From aliens to tampons, Donald Trump smoking weed or Kamala Harris saying “brat,” here are some of the most interesting Polymarket predictions in 2024.
Quick Take Crypto M&A deals climbed to 248 in 2024, up from 221 in 2023 but still below 2022’s 271. Crypto VCs foresee consolidation rising in 2025, driven by clearer regulations and fintech expansion into crypto.
Quick Take Though they’ve been around for over a decade, memecoins have come to define 2024 much like how initial coin offerings dominated 2017 and NFTs took over 2021. Memecoins left their mark on the digital asset industry and aren’t going anywhere, sparking conversations on how the digital asset landscape should consider them moving forward.
IRS’s 2025 crypto relief for CeFi users is automatic. Taxpayers are not required to file or take action immediately.
Virtuals Protocol's VIRTUAL token reached a record $4, driven by strong market momentum. The team remains focused on bold growth goals for 2025.
This crypto analyst compared $HYPE at $20 with $SOL at $8. Here's why.
- 13:35Bloomberg: Bitcoin's annual increase lags behind gold, Trump's remarks trigger a rise in demand for safe-haven assetsAccording to Bloomberg, Bitcoin is currently under pressure after outperforming most asset classes in 2024. Data shows that Bitcoin has only risen about 3% this year, while gold has increased by 9%. On February 4th, Trump stated that the United States might take over the Gaza region. Despite his staff's attempts to downplay this statement, it still pushed the price of gold to a historic high of $2,882 per ounce. Currently, the price of Bitcoin is still about 10% below its historical peak.
- 13:33Kanye: I am too wealthy to need to issue tokens, I only do things that I love and understandFamous rapper Kanye West posted on social media, saying, "I will not issue tokens. I only make products and do what I love and understand. I am too rich to need to do anything else. Tokens use hype to deceive fans, just like the hyped-up sneaker culture."
- 13:31Data: Over 70,000 Bitcoins have flowed out of exchanges in the past weekAccording to crypto analyst Ali, over 70,000 Bitcoins have flowed out of exchanges in the past week, indicating that investors maintain long-term confidence in Bitcoin.