Dear Readers,

Wishing everyone a Merry Christmas!

Today the global crypto market cap is valued at  $3.43 Trillion, +3.60% from yesterday.

The crypto leaders BTC is trading at 98024 USD (+4%) while ETH is trading at 3473 USD  (2.76%).

The BTC dominance is at 56.66 and the fear greed index is 62 showing greed in the market!

As we discussed in our previous article, BTC is trading at the narrow range between 92K and 98K according to the BTC liquidity map yesterday.

BTC is facing selling pressure as well.

Today we have come across that Japan's DMM Bitcoin Company lost 4,502.9 BTC to a hack linked to North Korea which forced its shutdown.

This is a major hack. 

We have earlier seen the hack from India's WazirX exchange which had made a huge loss for its investors based at India as well.

But the major good news is that the inflow through the Crypto ETFs are continuing to be so encouraging and we can see a steady confidence in the crypto markets with this.

Also, we can able to see vividly that whenever there are fall in the crypto prices especially BTC, ETH- there were a big buying happening at the bottom price which encourages these coins to move further. 

The whales are playing so cleverly and the broad market sentiment is that in the mid and long term there is a good pump in the crypto markets.

May be in the short term amidst with the Central Bank Policies and comments may drag the market so volatile.

Everyone is looking at the US Present Swearing in.

Of course, if he comes to power later in January 2025, we can expect so much policy changes that will definitely support the cryptos.

The moves are already on and we could see the crypto enthusiasts and supporters are continuously being appointed as advisors to his Government. 

The CF Benchmarks, a UK-based index provider specializing in cryptocurrency indices also come up with a report that the adoption of these crypto instruments particularly through the Crypto ETFs by the a comprehensive and expanded limit to $88 trillion USD.

At present, the hedge fund managers are dominating the ETF space and they have a possession of almost 45.3% of the market.

The report also highlights the following:

• By the year 2025, the tokenized real-world assets will exceed 30 billion USD.
• New stablecoin projects, like Ripple‘s RLUSD may disrupt Tether’s current market leadership.
• Federal Reserve policies may elevate the crypto leader BTC's role as an inflation hedge.

This is quite expected with Trump's wishlist while he delivered a goose bump speech at the Bitcoin Conference 2024 which made everyone to cheer about. 

That's why we have seen the consistent rally from his elect news till Jerome Powell's hawkish speech.

Coming back to analyse the BTC heatmap, we could see the liquidations are at 99705 USD at the upper side and 97000K, 96100K in the lower side. 

So, we can expect the BTC movements can be within this range for the short time.

Have a close watch in the market, stay invested for a handsome profit in the crypto markets!

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