Bitcoin recovers above $100k levels despite marginally losing market dominance.
On the crossroads to $4k, Ethereum gains price again and increases market dominance.
The crypto Fear and Greed Index is back again in the "Extreme Greed" zone.
The Senate panel delayed the appointment of Democrat Caroline Crenshaw as an SEC board member.
Bitcoin has finally crossed $100k again and, at press time, was trading around $101k with a 3.7% gain over the last 24 hours. However, its dominance has fallen from 55.5% to 54.9% in the last 24 hours. This fall in dominance was the result of the growth in altcoins, whose index grew from 63 to 69 in the same period.
Crypto Market Heatmap 12 Dec 2024
CoinMarketCap
Altcoin Season Index Grew From 63 Yesterday to 69 Today
CoinMarketCap
Ethereum could finally cross and sustain above $4000 levels this weekend on the back of a strong altcoin season. Experts have lately indicated that ETH could see a super-rally to $15k level in the next few weeks.
After some post-ATH corrections, Solana regained $230 levels at press time and recently formed a cup and handle pattern in a 2-year timeframe. This pattern signals potential growth to $4000 levels within this alt season.
XRP continued its recent gains with 5.9% growth in the last 24 hours after it's very own stablecoin, RLUSD got approval from the NYDFS, something which could propel it to greater heights in the RWA markets.
Among memecoins, Dogecoin and Solana both outperformed the markets with 7% and 10% gains, respectively. Other memecoins too have made similar gains.
Amid the government transition in the USA, we saw the fate of Democrat Caroline Crenshaw hanging with a threat as her appointment on the SEC board was delayed by a US Senate panel. Caroline was to be re-appointed to the board in June 2025 and has already been nominated to it. However, her appointment has to be approved by the Senate, which is now dominated by the Republicans(53/100).
SEC Commissioner Caroline Crenshaw
SEC
The state of Vancouver, Canada, moved to add Bitcoin to its financial reserves after the city council voted to make it more Bitcoin-friendly. The council has now tasked its staff with conducting feasibility and viability studies before making any strategic decision.
Eric Trump's World Liberty Financial has moved to increase the amount of Ethereum in its reserves. The Trump-backed DeFi platform has reportedly swapped its stablecoins for Ethereum. Lately, Tron-founder Justin Sun has invested $30 million in WLFI tokens.
Yesterday, after a gigantic series of inflows earlier this month, the Bitcoin ETF had only $223 million in inflows. The largest gainer among the ETFs was Fidelity's FBTC, with $122 million inflows.
Ethereum ETFs, too, saw a comparable inflow of $100 million, with BlackRock's ETHA getting the highest inflow of $74 million.
Solana and XRP could soon enter the ETF markets after the US Senate delays the appointment of Democrat Caroline Crenshaw, virtually blocking her re-appointment as an SEC commissioner. If she is kept out of the SEC, it could see a 4-1 majority of Republicans on the board, paving the way for SEC and XRP ETFs.
In the latest application of blockchain technology, virtual AI agents based on blockchain are being created. These agents are much more complex and useful than trading bots or AI platforms.
They can do research, balance your portfolio, engage your community and even market for your project.
Some successful applications include LUNA, an AI agent that captures top-of-the-funnel traffic from TikTok and then converts it via Telegram using one-on-one chat.
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