December 9

Market Trends

BTC fluctuates, altcoins rebound. The market experiences wide fluctuations. MicroStrategy continued to increase its BTC holdings last week, while BlackRock continued to sell.

U.S. stocks fell, and the ten-year U.S. Treasury yield hit a new high in over two months. Hassett's latest speech did not signal expectations of dovishness, and market expectations for the Fed's easing actions next year have declined.

Market Highlights

1. The stablecoin public chain #stable experienced a significant drop in issuance, went up on BN Alpha, with a market value of $2 billion still higher than that of the same track's XPL.

2. Privacy coin #zec rebounded significantly, showing a trend opposite to BTC.

3. Bankruptcy coins LUNA, LUNC, and others surged as the founder's trial is set for December 11.

4. The public chain ETH rebounded, showing stronger performance than BTC. A staking ETF will be launched soon.