Daily Market Brief•Dec 17, 2024

Daily Market Brief 241217

  • $BTC continues its rally, breaking new all-time highs. Currently, $BTC is trading at $106,057, while $ETH is trading at $3,986. Bitcoin dominance stands at 57.76%.

  • Michael Saylor announced that MicroStrategy has acquired 15,350 $BTC for approximately $1.5 billion at an average price of $100,386 per $BTC. The company now holds 439,000 $BTC, acquired for a total of ~$27.1 billion at an average price of ~$61,725 per $BTC.

  • Notable headlines include: Ripple announcing the launch of its USD-pegged stablecoin, $RLUSD, on Tuesday; Monad introducing the Monad Foundation; and NFT collection CyberKongz revealing that it has received a Wells Notice from the SEC.

  • Over the past 24 hours, the top gainers were $HYPE, $BGB, and $EIGEN, while the top losers were $GOAT, $AI16Z, and $KAIA.

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