Market Performance and Analysis
The global cryptocurrency market cap is approximately $3.04 trillion, down 1.00% in the last 24 hours.
Bitcoin ($BTC BTC): Fell below $89,000, trading around $88,798 with a 1.71% decrease. Significant options with a nominal value of about $23.8 billion are set to expire on December 26.Ethereum ($ETH ETH): Dropped below $3,100 to around $3,096, a 0.80% decrease.Solana ($SOL SOL): Trading at approximately $132.47, down 0.95%.
Analysts at 10x Research note that while the four-year Bitcoin cycle continues, its drivers have shifted from halving events to political factors and liquidity, with institutional caution slowing capital inflow. Key News and Developments
Aave DAO vs. Aave Labs: A dispute has arisen over the distribution of fees from a CoW Swap integration, with fees reportedly going to a private address controlled by Aave Labs instead of the DAO treasury.Institutional Moves:ARK Invest: Cathie Wood discussed Bitcoin as a global monetary system and mentioned reallocating profits from Tesla to crypto.Itaú Asset Management: Brazil's largest asset manager suggested a 3% Bitcoin allocation for investors as a hedge against risks.Regulatory Updates: South Korea's FSC missed a deadline for a stablecoin regulatory proposal, needing more time for coordination.Security Concerns: Spanish police arrested five individuals in Denmark accused of kidnapping and murdering someone while demanding their cryptocurrency.
