Bitcoin breaks through $106,500 to reach a new high, with digital asset investment products seeing net inflows for 10 consecutive weeks.

Key Points of the Attention Value Market

1. Market Trends

1. Macroeconomic Environment

This week's economic focus is on the Federal Reserve's FOMC meeting, which is expected to announce its interest rate decision and quarterly economic forecast on Thursday. The market generally expects a 25 basis point rate cut in December, but the real point of concern is the future direction of policy, with expectations that rate cuts will be more cautious next year. Up to 25 central banks will hold meetings this week, and these key decisions may trigger market volatility. Some analysts have pointed out that since the market has already priced in the expectations of a rate cut by the Federal Reserve, the direct impact of this policy adjustment on cryptocurrency prices is limited.

2. Web3 field

Digital asset investment products continue to show a trend of capital inflow, with a total inflow of $3.2 billion in the week ending December 16, marking the 10th consecutive week of net inflow. Year-to-date, the total inflow of digital assets has reached $44.5 billion. Among them, Bitcoin investment products attracted $2 billion, while Ethereum has seen inflows for 7 consecutive weeks, totaling $1 billion. Influenced by expectations of U.S. listed ETFs, altcoins such as XRP, Polkadot, and Litecoin have also attracted considerable capital. All regions show a positive inflow trend, with the United States, Switzerland, Germany, and Brazil being particularly prominent, indicating a generally optimistic attitude towards digital assets in the market.

Web3 AI Daily Review (2024/12/16)

2. Hot Topics

1. Macroeconomic Environment

The third state in the United States is about to launch legislation for a "Strategic Bitcoin Reserve," and it is expected that more states will follow suit in the future. Industry insiders predict that at least 10 states will introduce Bitcoin reserve bills, and this trend is likely to continue to expand.

2. Web3 field

The price of Bitcoin has surpassed $106,500, setting a new historical high, and its ratio with gold has also reached a new peak, further consolidating its status as "digital gold." The CEO of a well-known company stated that even if the spot price of Bitcoin exceeds $100,000, the company still plans to continue increasing its holdings. Although this week's central bank meeting had limited impact on the crypto market, Bitcoin remains primarily driven by market sentiment; if the Federal Reserve adopts an extremely accommodative stance, it could provide further upward momentum for Bitcoin.

Web3 AI Daily Review (2024/12/16)

3. Hot Narratives

As the launch of the PENGU token approaches, the floor price of Pudgy Penguins NFTs continues to rise, nearing $140,000. The NFT market is overall rebounding, with the total market value of top NFT series across the network exceeding $10 billion and a 24-hour increase of 10.2%. The total NFT trading volume within 24 hours reached $71,146,166, with an increase of 87.5%. The over-the-counter price of the PENGU token is $0.053, with a total supply of 88.88 billion tokens and a market cap of $4.711 billion. The parent company of Pudgy Penguins also announced that its L2 network will launch its mainnet in January next year, with market expectations for a token release. The leading platform in the NFT market changed its official account profile picture to an image related to Pudgy Penguins, further boosting the project's popularity.

Web3 AI Daily Review (2024/12/16)

4. Hot Projects

$AGENCY | AI Agent

  • AI agent built on the eliza framework
  • Token, wallet, and social media sentiment analysis can be conducted on social platforms.
  • 10% of the tokens will be donated to a certain AI-related DAO organization.

Web3 AI Daily Review (2024/12/16)

V. Sector Rotation

The performance data of hot sectors and their internal indicators have been deleted, as the chart information cannot be displayed directly. It is recommended to refer to the relevant data and charts in the original text to understand the specific market trends.

Web3 AI Daily Review (2024/12/16)

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ThesisInvestorvip
· 7h ago
Keep buying!
View OriginalReply0
GateUser-9ad11037vip
· 22h ago
The earlier you buy, the earlier you make money, goooo!
View OriginalReply0
Web3ExplorerLinvip
· 08-13 20:54
hypothesis: market's already priced in fed moves... just like quantum superposition, eh?
Reply0
GasFeeCrybabyvip
· 08-13 20:53
btc got liquidated, right?
View OriginalReply0
MetaMaskVictimvip
· 08-13 20:29
Looks like the long positions are starting to hype again.
View OriginalReply0
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